Identify which of the variables are discrete and continuous

Assignment Help Macroeconomics
Reference no: EM13203745

Waters' Edge is a clothing retailer that promotes its products via catalog and accepts customer orders by all of the conventional ways including the Internet. The company has gained a competitive advantage by collecting data about its operations and the customer each time an order is processed.

Among the data collected with each order are: number of items ordered, total shipping weight of the order, whether or not all items ordered were available in inventory, time taken to process the order, customer 's number of prior orders in the last 12 months, and method of payment. For each of the six aforementioned variables, identify which of the variables are discrete and which are continuous.

Reference no: EM13203745

Questions Cloud

Find the length of the suspended cable : Electrical wires suspended between two towers form a catenary modeled by the equation y= 20 cosh x/20 where x and y are measured in meters. The towers are 40 meters apart. Find the length of the suspended cable.
Find the radius of the cone that will result in a surface : A conical paper cup is to have a height of 15 inches. Find the radius of the cone that will result in a surface area of .
Find the time required for an investment : Find the time required for an investment of 5000 dollars to grow to 7100 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Determine the dimensions of the field : You have 96m of fencing. The field is to be three times as long as it is wide. Define an appropriate variable and set up an equation to determine the dimensions of the field.
Identify which of the variables are discrete and continuous : Waters' Edge is a clothing retailer that promotes its products via catalog and accepts customer orders by all of the conventional ways including the Internet. The company has gained a competitive advantage by collecting data about its operations a..
Define the rabbit population in a forest area grows : The rabbit population in a forest area grows at the rate of 6% monthly. If there are 160 rabbits in April, find how many rabbits
Define are goods x and z substitutes or complements : The demand curve for product X is given by Qxd = 5000 - 5Px - .1Pz where Pz = 50 a. What is the own price elasticity of demand when Px = $100? Is demand elastic or inelastic at this price What would happen to the firm's (total) revenue if it decid..
Find integral of absolute value : Evaluate the integral by interpreting it in terms of areas. In other words, draw a picture of the region the integral represents
How much profit does and individual producer make : Suppose honey is produced in beehive using bees and sugar. Each honey producer uses one beehive which she rents for $1/month. Producing q gallons of honey requires spending q dollars on bees and q^2 on sugar.What is the Total cost of producing q un..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Find the market price and output in the short run

The market is perfectly competitive with constant input prices, and each company has the same cost structure, described through the following table:

  Explain how are people worse off when the price rises

Explain how are people worse off when the price level rises as fast as their incomes

  How were slaves involved in the new england economy

How were slaves involved in the New England economy in the 17th and 18th centuries and biotech is just one of several up and coming industries in Massachusetts. Give some reasons that Biotech has clustered here and what are some other industries t..

  Find out the quantity supplied to a cost function

A cost function for clinic visits in a small inner city clinic. determine the marginal cost for each level of output.

  Elucidate two reasons a single minimum salary

Elucidate two reasons a single minimum salary might distort the labor market for teenage workers more than it would the market for adult workers.

  Multilple choice questions relate to marginal external costs

The marginal external expenses associated with air pollution increases with the yearly output of a polluting industry.

  Elucidate action in the open market would the fed

Elucidate action in the open market would the Fed have to take to prevent bank reserves from falling.

  Supply chain management

A newly established Internet Cafe is seeing to expand its operations. What would happen if the predict to open 208 stores each year is wrong?

  Multiple choice - macro economics

A change in reserve needs of depository institutions is the policy tool most frequently used through the Federal Reserve to influence economic activity

  Why the payoff matrix in problem indicates prisoners dilemma

Explain why the payoff matrix in Problem indicates that firms A and B face the prisoners' dilemma. Problem states: from the following payoff matrix, where the payoffs are the profits or lesses of the two firms, determine (a) whether firm A has a ..

  Explain how would you justify the long-term nature

Explain how would you justify the long-term nature of your contract with CGI Group.

  Illustrate why do economists pay more attention to national

Illustrate why do economists pay more attention to national economies than state or regional economies.

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