Graphing: Using the Production Possibilities Schedule above, make a Production Possibilities Frontier with proper point and axis labels. Production Combination Units of Bracelets I. A P L 1 E D C O N M S G B T 0 10 20 30 40 50 60 70 80 90 100 110 120 130 Units of Rings 205 200 194 187 179 169 158 146 133 117 100 77 50 0
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- Jenny Company produces two types of pants: long pants and short pants. The cost of making a pair of short pants and a pair of long pants are RM 75 and RM 95 respectively. In one week, the company must produce at least 150 pants of each type. The minimum weekly production is 500 pants. The short pants are sold for RM 120 each and the long pants for RM 150 each. Using the graphical method, find: a. The number of short pants and long pants to be made in a week in order to minimise the total production cost. b. The profit made at the minimum weekly production cost.Scott Bell Builders would like to predict the total number of labor hours spent framing a house (Y) based on the square footage of the house (X). The following data have been compiled on 7 houses recently built. Use Excel - Blank.xlsx Number of labor hours (Y) 258 189 242 177 151 226 184 type the numbers as shown below. Square footage in 100s (X) 29 27 32 35 18 30 36 Calculate the intercept (or b0). Round up to 4 decimal places.show calculation dont give Al answer
- please als do the graphs. thanksssssssssWhat is econometrixEach graph illustrates three short-run cost curves for firms, where ATC is average total cost (also referred to as average cost), MC is marginal cost, and AVC is average variable cost. Please classify each of the graphs as valid or invalid based on what you know about the relationships between these curves.