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?

Reviews

Write a Review

Econometrics Questions & Answers

  Discuss the possible implication of non-stationarity

Identify whether the variables in your model suffer from non-stationarity. Discuss the possible implication of non-stationarity for your model and how this problem could be addressed.

  Determine annual compound

On Juan's twenty-sixth birthday, he deposited $6,000 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year. Using a gradient series factor,determine how much was in the account immediately after his thirty-f..

  Find the maximum profit

A frim determines that X units of its product can be sold daily at P dollars per units per day is C(x) =120-1/2p and where the cost of producing X units per day is C(X)=10+30x A) Assuming that the production capacity is 40 units per day, determine..

  What is the expected equilibrium price

The demand curve and supply curve for a one-year discount bonds with a face value of $1,000 are represented by the following equations: Bd: Price=-0.6 Quantity +1140 Bs: Price= Quantity +700 a. What is the expected equilibrium price and quantity of ..

  Find percentage change in real income with index numbers

Assume that nominal income is $35,000 and the price index is 1.20 in year 1. In year 2, nominal income rises to $38,000 and the price index rises to 1.25. What was the percentage change in real income from year 1 to year 2? Make your calculations ..

  Find market price and quantities produced if firm 2 move 1st

Consider the same two firms as above with marginal costs 10 and 40, facing a demand p = 100 - q. a. Find the market price and quantities produced if firm 1 moved first, followed by firm 2 b. Find the market price and quantities produced if..

  How much surplus do producers receive

The supply curve for product X is given by QXS = -340 + 10PX . a. Find the inverse supply curve. P = + Q b. How much surplus do producers receive when Qx = 350? When Qx = 1,000?

  Identify the preferred alternative and why

Your company is considering purchase of a new DNA analyzer for $250,000. This should open up a new business revenue stream for product testing which will produce $80,000 per year in revenue. Annual operating costs are estimated at $10,000 per ye..

  Define firms production function

For the isocost line, clearly identify the vertical and horizontal intercepts. For the isoquant, clearly identify 5 combinations of Labor and Capital that will produce Q = 20 (including the bundle that minimizes the firm's cost of production). M..

  Fitting a straight line to a set of data yields

An agent for a residential real estate company has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Toward that goal, the agent would like to use the size of an apartment, as defined by square..

  Find the probability

What is the probability that Z is smaller than 1.02? b.) What is the probability that Z is greater than 0.65? c.) What is the probability that Z is between -2 and -0.5? d.) What is the probability that the interval [Z-1, Z+1] contains the value 0?

  Forecasting methods or techniques

When the more current observations are more relevant to estimate of next period than previous observations, the naive forecasting method to employ is

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