Analyzing Variables: Quantitative vs

A police department must conduct 100 interrogations every month. Interrogations canbe done by friendly looking “good-cops”, who earn £20,000, or by scary looking“bad-cops”, who earn £40,000. Assume that both types of police can be hired quicklybut take several months to fire. When graphing the two kinds of police officer, put“good-cops” on the vertical axis. (a) Write an equation showing the police department’s costs as a function ofgood-cops and bad-cops hired. Convert this budget constraint into the equationfor a line that could be plotted on a graph, with the number of good-cops as afunction of total costs and the number of bad-cops hired. (b) The production function for interrogations isQ = min{good-cop, bad-cop}.Show the police department’s hiring decision in a large, suitably labelledgraph. How many of each is hired? What are the department’s costs?(c) The next year, the police department starts training good-cops how to beintimidating and bad-cops to be friendly. The training is…

Explain "Okun's Law" by using data and draw a scatter diagram?

include graphs/diagrams accordingly

what does it mean to have a linear correlation? Give an example of one.

MICROECONOMICS  Questions 4  ( ALL OF IT IS ONE QUESTION!!!) For article 4 write the number of the graph that best describes what happened. Fill in only the appropriate boxes in the chart for article 4 and be sure and indicate if it is an increase or a decrease.  For the graph use an arrow to indicate an increase or a decrease. Make sure you fill in the graph PLEASE Leave it blank if there is no change   Chicken 'Bird Flu Puts Chicken Industry On Alert” The U.S. Department of Agriculture said Monday it had identified instances of deadly bird flu in U.S. flocks, putting the poultry industry on high alert for more widespread outbreaks. The USDA reported an outbreak of highly pathogenic avian influenza in a flock of about 240,000 birds at a commercial chicken farm in Fulton County, Ky. Tyson  Inc.,the largest U.S. chicken processor by sales, confirmed that the farm housed the company’s chickens. A separate outbreak was confirmed in a backyard flock of birds in Fauquier County, Va., the…

You are buying boxes of donuts at a bakery. Each box of donuts costs $10.   Which of the following statements are true?   Choose all answers that apply:   Group of answer choices   A. The dependent variable is the number of boxes of donuts you buy.   B. The independent variable is the number of boxes of donuts you buy.   C. The dependent variable is the amount of money you spend on the donuts.   D. The independent variable is the amount of money you spend on the donuts.

can you please explain this a bit more? I am having difficulty following your math.

A T-shirt shop discovers that the WTP of its customers varies by time of day that they arrive at the shop. It conducts further research and gathers the data in the table. Answer the following questions using this data: 1. What will be its Sales $ if it sells T-shirts all day for only $5? $ Question Blank 1 of 3 type your answer... 2. What will be its Sales $ if it sells T-shirts all day for only $6? $ Question Blank 2 of 3 type your answer... 3. What will be its Sales $ if it uses Price Segmentation and sells T-shirts for $5, $6 and $7 in the evening, afternoon and morning respectively? $ Question Blank 3 of 3 type your answer... Time of Day WTP Demand (Units) Evening $5 100 Afternoon $6 500 Morning $7 50

Can you answer me as soon as possible urgent . In early April, Mr Chan went for a five-day trip in Singapore. In Singapore, he stayed in the Fullerton Hotel that close to the MRT station. During the five days stay, he went to Universal Studio Singapore, National Museum of Singapore. He joined the Singapore Duck tour and enjoyed the Singaporean Chinese food in Chinatown. Before departure, he went to Paragon shopping mall in Orchard Street, buying some souvenirs for his friends. Mr Chan returned to his home place, Hong Kong on 10th April and directly went to Courtyard by Marriott Hong Kong for seven days quarantine.(a) Identify the “purpose of travel” of Mr Chan and explain why he is considered as a tourist.(b) Name the tourism suppliers which might be related to the above passage and briefly explainthe function of each.

can you draw the equations for me

1. Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $.75 and the price of peanuts is $1.50. a. Construct a table showing the alternative combinations of the two products that are available.b. Plot the data in your table as a “budget” line in a graph. What is the slope of the “budget” line? What is the opportunity cost of one more candy bar? Of one more bag of peanuts?

"DIFFERENCE BETWEEN NEEDS AND WANTS" It is very important to find the difference between want & need. The money that would be spent on things that you may want in that moment could instead be saved or put into things that are more important. By doing this you may see that you can save a lot of money, by not buying things that are not needed and even and that most of your money is not even being spent *Make a response,question, or clarification for that opinion

I'm unsure about the two Ps in the final part of the answer. Are those both the same variable? It seemed unclear to me how and why that happened. Can you help with that really quickly?

What are the stages of econometrics research

PLEASE FILL IN THE CHART BELOW FOR THE ARTICLE!! Microeconomics For the article, write the number of the graph that best describes what happened. Fill in only the appropriate boxes in each chart for each article and be sure and indicate if it is an increase or a decrease.   HANDBAGS What happens when the hot handbag trend is to not buy a new one? Sales of premium handbags and accessories in North America are forecast to decrease Caroline Cooper, a 21-year-old sales associate from Rockland County, N.Y., said she would rather spend her money going to restaurants and Broadway plays.“I don’t need another handbag,” she said. The change in spending habits poses a challenge to handbag makers that are already feeling the effects.Handbag sales are also suffering from fewer tourists. Instead shoppers are spending the money they are saving from lower gas prices on entertainment rather than on goods like clothing and accessories. Fill in the Answer sheet for the article. Make sure you fill in the…

Problem #1: Russel is shopping for denims He chooses one, then notices that the other denim are on promo, and gets another two denims. How can you explain this with a graph?

econometrics questiondc

UTIITY (Units of utility) 10 Suppose your friend Deborah offers you the following bet: She will flip a coin and pay you $2,000 if it lands heads up and collect $2,000 from you if it lands tails up. Currently, your level of wealth is $6,000. The graph shows your utility function from wealth. Use the graph to answer the following questions. 100 90 80 B 70 A 60 50 40 30 20 10 WEALTH (Thousands of dollars)

make sure to include the formulas (to solve the problems), the steps of your calculations, and the explanation of your answers.

Explain which of the following is the independent variable and which is the dependent variable for each of the following examples. Once you determine the price of a flash drive at the college bookstore, you will decide how many flash drives to buy. You will decide how many credit hours to register for this semester once the university tells you how many work-study hours you will be assigned. You anticipate earning a higher grade on your economics exam because you studied more hours in the weeks preceding the exam.

NEED ASAP. Please answer all items(letters) correctly.

Don't use ai i will report you answer solve it as soon as possible with proper explanation

8. Mr. Jones sells scrapbooking materials. He charges $20 per album and sells 120 albums month at this price. He plans to decrease the price to generate more sales. A survey indicated that for every $0.50 decrease in price, he can expect to sell 5 more album s. a) Write the expressions for the price of an album and the number of albums sold in one month and write an equation for the revenue using your expressions from the first portion of part a. b) What price will generate the maximum revenue? c) What is the maxim um revenue he can generate in one month?