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The manager of a weekend flea market knows from past experience that if he charges x dollars for a rental space at the flea market, then the number of spaces he can rent is given by the equation y = 200 - 4x.
(a) Sketch a graph of this linear function. (Remember that the rental charge per space and the number of spaces rented can't be negative quantities.)
(b) What do the slope, the y-intercept, and the x-intercept of the graph represent?
suppose that the cost of raw material used in the production of this good increases (assume nothing else has changed). Draw a diagram comparing the effect of the increase in the cost of materials in this market with the equilibrium
Suppose you are considering adding another sales associate to the floor. Your current total sales are $40,000 per day and your cost of sales, including the sales associates are $66,000 per day. The new sales associate should increase sales
jims utility function is ux y xy. jerrys utility function is ux y 1000xy 2000. tammys utility function is ux y xy1
b) Using a method similar to the consumer price index, compute the percentage change in the overall price level. c) If you were to learn that a bottle of Gatorade increased in size from 2009 to 2010, should that information affect your calculation..
Will the total revenue on any day be normally distributed?
Derive the conditional density for y given x and the conditional log-likelihood function for y. Write out m(y; x; θ) (the negative log-density). The parameters are θ = (θ1, θ2, ..., θ7)
Your company has purchased a large ne truck for over thr road use(asset class 0.26).it has s cost basis of $180,000.With additional options costing $15,000,the cost basis for depreciation purposes is $195,000.its ,MV at th end if five years is est..
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their feres 10 percent, and they anticipated that revenues would increase by about 10 percent
A mechanical engineer who recently graduated with a master's degree is contemplating starting his own commercial heating and cooling company. He can purchase a Web Page design package aimed at delivering information only for $1,000 per year.
a new smartphone is just being released. the cost function is given by totalcost 5x2 where x is the number of
Tools of Monetary Policy - Explain why the number of tools (instuments) has to be less than or equal to the number of economic objectives (goals).Think about the demand and supply of money diagram and what determines the price of money or the rate of..
What is the effective rate of protection on the process of turning corn into ethanol?
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