subject
Business, 21.11.2019 03:31 fitzsimmonssheovgrbh

Consider a scenario where the demand is estimated to be represented by the following equation: ,
qx = 1000 - 10px + 0.1i + 10py
where px is the price of x, i represents the income of the consumer, py is the price of another related in consumption good, and qx is the quantity demanded of x. based on this, what can be concluded about the relationship between good x and y?
a), they are substitutes in consumption
b), they are complements in consumption
c), they are unrelated in consumption
d), there is not enough information provided to make any conclusion

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 18:50
You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?
Answers: 3
question
Business, 21.06.2019 20:00
Your assessment tool contains rich data about child progress in language and literacy but no details to explain the differences between children. you decide to: a. replace the tool with another b. analyze the data using factors such as language, ability, and participation rates c. review your anecdotal notations regarding language and literacy development d. talk with families about what they are seeing at home
Answers: 2
question
Business, 21.06.2019 21:00
The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)
Answers: 3
question
Business, 22.06.2019 04:00
You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† your mansion has 150 light fittings and 3000 sq ft of uninsulated exterior wall. to impress your friends, you would like to spend as much as possible, but save no more than $750 per year in energy costs (you are proud of your large utility bills). how many compact fluorescent light bulbs and how many square feet of insulation should you purchase? how much will you save in energy costs per year? (if an answer does not exist, enter dne.)
Answers: 1
You know the right answer?
Consider a scenario where the demand is estimated to be represented by the following equation: ,
Questions
question
Mathematics, 05.11.2020 06:30
question
Mathematics, 05.11.2020 06:30
question
Mathematics, 05.11.2020 06:30
question
Mathematics, 05.11.2020 06:30
question
Biology, 05.11.2020 06:30