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A local utility finds that when the price of natural gas (dollars per mcf) is 3.52 the average household uses 4.17 mcf. Further, when the price is 4.65 an average household uses 3.65 mcf. Calculate the slope of a linear function that describes this relationship. Use the price of natural gas as the independent variable.
When the price of natural gas is 3.12 per mcf, an average household uses 4.38 mcf. When the price of natural gas is 4.89, an average household uses 3.88 mcf. Calculate the usage of an average household when the price of natural gas is 3.67. The price of natural gas is the independent variable.
Can someone please explain these to me? They’re both different and I need help understanding.
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
Constant returns to scale are associated with a:
It is assumed that quantity of item is intended of other items find out probability that first faulty item doesnot occur in the first six selected items.
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
It seems to me as if a representative agent is defined as a situation in which a competitive equilibrium can be reached by maximizing the utility of an object that can be interpreted as a "representative agent" whereas "aggregation" refers to a relat..
Compute Opulenzas current account. Is CA a deficit or a surplus. Explain intuition for C4 deficit/ surplus in terms of savings in Opulenza, financial flows and its domestic/external wealth position.
q1. in a competitive market the market-determined price is 60. for a typical firm producing 100 units of output
All licensed drivers are required by law to purchase a minimum level of auto and motorcycle insurance (well, if they own either of the two). However, the vast majority choose to buy much more insurance than the required minimum. It’s also true t hat ..
Assuming that the price of fuel is $5.00/G and is increasing at a rate of 4%/year while the discount rate is 6% calculate the equivalent level zed price over 20 years
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
Which of the following situations is likely to involve moral hazard?
Using the value of MPC = 0.8, and knowing the difference between the values of expenditure multiplier and the tax multiplier, it can be safely stated that the reduction of taxes by $400 billion (other things staying the same), Estimate increased leve..
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