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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.
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil
When you apply conventional finish to the wood you use traditional lacquers. The California Division of ABC has changed from conventional lacquers.
If a two linear demand curve run through a common point than at any given quantity the curve that is flatter is more elastic? Whether buyers or sellers bear the majority of the tax burden depends on who initially imposed the tax?
Bob and Dexter share a dorm room. Bob is a chain smoker but Dexter does not smoke. There are no laws that forbid smoking in the dorm rooms.
q.frank knight has a job as a sales manager earning 100000 per year and he is deciding whether to purchase a bakery
Each of the following statements is related to the AD-AS model. Using the labels below, decide whether each statement refers to the aggregate demand curve, the aggregate supply curve, or both. Divided into short-run and long-run measures, which diffe..
Does Zara experience disadvantages from its "fast-fashion" allocation system. Are these disadvantages offset by the advantages.
What is required before the state can restrict/regulate your use of real property? Why does the law require special steps be taken for the formation of joint tenancy?
q.gdp taxes di c i g cig1250 200 800 300 200 1500 200 1000 300 200 1750 200 1200 300 200 2000 200 1400 300 200 2250 200
Explain what would the cross-wage elasticity between teenagers and adults have a positive or negative sign.
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
Rain spoils the strawberry crop, the price raises from $4 to $6 a box, and the quantity demanded decreases from 1,000 to 600 boxes a week
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