How many units of saddles produced for sale

Assignment Help Econometrics

Reference no: EM13186380

Country A produces two goods, elephants and saddles. In the year 2006, the 100 units of elephants produced sold for $2,500 per unit and the 30 units of saddles produced sold for $200 per unit. In 2007, the 120 units of elephants produced sold for $3,000 per unit, and the 50 units of saddles produced sold for $300 per unit. Real GDP for 2007, assuming that 2006 is the base year, is

Reference no: EM13186380

Questions Cloud

For what values of t will the velocity of the particle a : If t=0 at the start, for what values of t will the velocity of the particle A exceed the velocity of particle B.

Explain the mole fraction of h2 in the feed : The rod initially has a mass of 1460g, and the mole fraction of H2 in the exit gas is 0.223. The mole fraction of H2 in the feed to the reactor is 0.580, and the feed enters at the rate of 6.22kg-mol/hr. What will be the mass of the rod at the end..

How do the car prices of both countries compare : A Honda Accord sells for $28,000 in the United States and for SF35,520 in Switzerland. Given an exchange rate of SF1.25 = $1, how do the car prices of both countries compare

Estimate the average world population : In the example we modeled the world population in the second half of the 20th century by the equation.

How many units of saddles produced for sale : Country A produces two goods, elephants and saddles. In the year 2006, the 100 units of elephants produced sold for $2,500 per unit and the 30 units of saddles produced sold for $200 per unit. In 2007, the 120 units of elephants produced sold for ..

State diatomic nitrogen gas react spontaneously : Solid lithium metal and diatomic nitrogen gas react spontaneously to form a solid product. Give the balanced chemical equation (including phases) that describes this reaction.

What is the approximate distribution : What is the approximate distribution that describes the possible values for the sample proportion ? Give all aspects of the distribution.

Explain anionic imide nucleophile : One approach to the synthesis of virstatin is shown above. An SN2 reaction of an anionic imide nucleophile (formed by deprotonation of1) with an alkyl halide electrophile 2 affords virstatin ethyl ester 3 Base-inducedhydrolysis

How much work w is done in pulling half the rope to the top : A heavy rope, 30 ft long, weighs 0.6 lb/ft and hangs over the edge of a building 70 ft high. How much work W is done in pulling half the rope to the top of the building?

User Account

All Pages