Suppose Y is household income and he is household expenditures on health care. Use the data from the regression output to answer the given question:

calculate the exact elasticity of demand in the following examples: Then tell if, in each case, demand is elastic, inelastic, or unitary elastic. (a) When the price of a deluxe car wash rises from $10.00 to $11.00, the number of daily customers fa..

a contractor make improvements to a business rental for a fixxed price of $64,000. With this improvement you can obtain additional rent payments of $1,200 per month.estimate the improvements will cause extra monthly expenses of $50 for property ta..

A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years 6, 10, and 15 at 15% interest compounded annually. What is the amount of these three equal payments

The BXC Company manufactures various types of parts for automobiles. The manger of the factory wants to get a better understanding of the overhead costs. The overhead costs include supervision, indirect labor, supplies, payroll taxes

the figures below indicate the number of mergers that took place in the savings and loan industry over a 12year

MILK $1, 100 quarts. HONEY $2 50 quarts. 2009: MILK $1, 200 quarts. HONEY $2, 100 quarts. 2010: MILK $2, 200 quarts. HONEY $4, 100 quarts. Compute a Nominal GDP and a Real GDP for each year using 2008 as the base year.

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 [Z1, Z+1] contains the value 0?

An economy has the perworker production function: yt=3kt0.5, where yt is output per worker and kt is the capitallabor ratio. The depreciation rate is 0.1, and the population growth rate is 0.05. Savings is: St=0.3Yt

A doctor earns $250,000 per year, while aprofessor earns $40,000. They play tennis against eachother each Saturday morning, each giving up a morning ofrelaxing, reading the paper, and playing with their children.

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students.

Externalitiesanalysis and policy design: Suppose that in a competitive market, demand is given by the equation P = 600  Q, and supply is given by the equation P = 160 + Q, where P is price and Q is quantity of some good or service.
