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discuss how the low of supply and demand affects the housing market with the Uk in general (use graphs to reinforce the answer)
When a firm uses different factors of production or least cost combination the optimum combination of factors is achieved when MPl / Pl =;MPl / Pl. Intuitively explain this statement
Show or prove that; x ^ (m/n) = n * sqrt(x ^ m) = (root(n, x)) ^ m
The population in Country C decrease due to a lower birth rate. At the same time, there is an increase in the cost of fertilizer, which is used to grow vegetables. Explain how the market for vegetables will be affected by these changes. Clearly indicate how the equilibrium price and equilibrium quantity will be affected by these changes. Make use of a combination of diagrams and verbal explanation to explain your answer.
________is charecterised by actions of intense, prolonged and repeated efforts to accomplish something that is difficult
In recent years, especially around big cities, there is the problem of air pollution
and the likelihood of poisoning is high. Given this scenario, do you think that air is
free resource? Justify your answer.
Will inflation Peter out
Public enterprises can be interesting policy instruments if governments have policy objectives for them and if governance mechanisms exist to make sure that these objectives are transmitted to the managers or discussed with them.
Discuss the veracity of the above statement.
Sailright Inc. manufactures and sell sailboards. Management believes that the price elasticity of demand is -3.0. Currently, boards are priced at $500 and the quantity demanded is 10000 per year. If the price is increased to $600, how many sailboards will the company be able to sell each year? How much will total revenue change as a result of the price increase?
3. The following data refers to the price of a good ‘P’ and the quantity of the good supplied, ‘S’.
P 2 7 5 1 4 8 2 8
S 15 41 32 9 28 43 17 40
a. Estimate the linear regression line
b. Estimate the standard errors of
c. Test the hypothesis that price influences supply
d. Obtain a 95% confidence interval for
