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Using the homogeneity condition and given a
A. -0.56
B. +0.56
The homogeneity condition implies that the sum of own price elasticity, income elasticity, and cross price elasticity is equal to one.
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- A bag contains 12 yellow balls of 400 grams each and 18 blue balls of 700 grams each. Some yellow and some blue balls are taken from this bag and thrown into a second empty bag. At the end of this process; The average of the weights of the balls in the first bag was 500 grams, and the average of the weights of the balls in the second bag was 600 grams. What is the number of blue balls thrown into the second bag? A) 16 B) 14 C) 12 D) 10 E) 8It is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?Hi, could you help me solve 1-1.3.?
- How did you come about these rates/Values: 14.29;24.4;17.49;12.49;8.93; 8.92;8.93 ???Yi = -1336.049+12.7X1i+8.57X2iSE (175.2725) (0.9123) (5.8019)R2 = 0.89 n=38 DW= 0.37Where Y= Auction Price of antique clocks in dollars.X1= Age of clock in years and X2= Number of bidders* What does underlined bold term mean? Explain,5
- Q: Determine whether the following statemnts are true or false: a) If the firm increases the volume of used resources by 30%, and the volume of production thus increases by 20%, then there is a positive effect of the production scale. b) Average fixed costs decrease as production increases. c) The economic profit usually exceeds the accounting profit.Pls answer in 5-6 sentence only -) this is homewrok given to me.DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENTVARIABLE PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE INTERCEPT 8.20 4.01 2.04 0.0461 PC -3.54 1.64 -2.16 0.0357 M 0.64287 0.19 3.38 0.0014 PA 0.7854 0.38 2.07 0.0439 6. If tax revenue per capita (M) increases by 10, what will happen to the estimated quantity of cement demanded? Q = f( P, M, PR) where Qc = demand for cement/month (in yards) Pc = the price of cement per yard, M = country’s tax revenues per capita, and PR = the price of asphalt per yard.