Conclude that the market demand for x slopes upward

Assignment Help Econometrics
Reference no: EM13187339

Following are observations on the market price and the quantity of good X produced and consumed in three different years: $10 and 100 units, $4 and 57 units, and $8 and 88 units. Can we conclude that the market demand for X slopes upward?

Reference no: EM13187339

Questions Cloud

Marketing credence goods is tought in reality and attorney : In reality, an attorney or CPA may not win the case or be able to save you a lot of extra money in a particular circumstance, but that does not mean that they are not good at what they do. An important part of business development efforts for these t..
Does the advertising is economically inefficient : Advertising can inform buyers, but sellers must incur costs to advertise. If so, advertising can result in higher prices to consumers. Does this mean advertising is economically inefficient If not, explain how it can simultaneously create value an..
State the heat capacity of bomb calorimeters : The heat capacity of bomb calorimeters are determined by running a known, standard reaction. The combustion of 1.700 mmol of X caused the temperature of a bomb calorimter to rise from 23.650 oC to 26.350 oC.
Hydrochloric acid reacts with magnesium metal, hydrogen gas : When hydrochloric acid reacts with magnesium metal, hydrogen gas and aqueous magnesium chloride are formed.
Conclude that the market demand for x slopes upward : Following are observations on the market price and the quantity of good X produced and consumed in three different years: $10 and 100 units, $4 and 57 units, and $8 and 88 units. Can we conclude that the market demand for X slopes upward
Fiscal and monetary policies smooth out the business cycle : a. Anticipated changes in aggregate demand effect only the price level; they have no effect on real output. b. downward wage inflexability means that declines in aggregate demand can cause long lasting recession. c. Changes in money supply M increas..
Define what is the overflow rate of each tank : the depth of each tank is 2 m and each has a detention time of 4 h. what is the surface area of each tank and what is the overflow rate of each tank in m^3/d*m^2?
Importance of various system analysis : In this class, we've stressed the importance of various system analysis and design tools and techniques. By now you should have a "toolbox" full of useful design and analysis tools.
State what is the overflow rate of each tank : The combined flow to the two tanks is .1 m^3/s. the depth of each tank is 2 m and each has a detention time of 4 h. what is the surface area of each tank and what is the overflow rate of each tank in m^3/d*m^2?

Reviews

Write a Review

Econometrics Questions & Answers

  Use of dummy variable in regression analysis

Determine which of the following is a test of the statistical signficiance of the entire regression equation?

  What is the value of the marginal product of labor

The market price of the product is $10 per unit and the market wage rate is $8. Labor employed 4, total product 17 labor employed 5, total product 20 labor employed 6, total product 25 labor employed 7, total product 28 labor employed 8, total produc..

  Which is the maximum output of the plant

The Haverford Company is considering three types of plants to make a particular electronic device. Plant A is much more highly automated than Plant B, which in turn is more highly automated than Plant C. for each type of plant, average variable c..

  Explain the keynesian theory

Suppose the economy is in a short-run equilibrium where Y

  What is the break even price

what is the break even price What is the shut-down price What if cable was currently $70.00 and was lowered to $40.0, how large is the price effect How large would be the quantity effect be What is the profit maximizing qunatity and price for cabl..

  Compute the monthly payment for the loan

Let X = the monthly tons of dirt moved and assume that it does not change with time. Draw the cash flow diagram for this project as a function of X. Assume that "up" arrows are savings or revenue and down arrows are expenses. If you cannot do part..

  Determine cross price elasticity with good

Using the following equation for the demand for a good or service, calculate the price elasticity of demand,cross price elasticity with good x, and income elasticityt. Q= 8 - 2p + 0.10I + Px, Where Q is quantity demanded, p is the price, I is inco..

  Discuss the role of federal reserve in economy

This answer give vital hints on why the Federal Reserve establish general and specific rates of interest. This explains the recent tools the Federal Reserve has used to influence the United States economy.

  What is ajaxs profit per camera in the digital camera market

Knockoff Inc. produces what it regards as a low-quality digital camera. However, because the market is so new, reputations for quality have not yet developed, and consumers cannot tell the quality difference between an Ajax digital and a Knockoff ..

  Who would win and what would the winning price be

Which auction should you choose to maximize your profit? The first-price bidders shade their bids by 20% of their evaluation of its value. The second-price bidders all utilize the optimal strategy for second price auctions stated in the textbook.

  Which is the alternate hypothesis

The mean gross annual incomes of certified welders are normally distributed with the mean of $23,577 and a standard deviation of $2,358. The ship building association wishes to find out whether their welders earn more or less than $23,577 annually..

  Determine the growth rate of the economy''s real gdp

Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita? (Instructions: Round your answer to two decimal places.) The growth rate of the economy's real GDP per capita = %

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd