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You are watching: Which example of productive resources is matched correctly?

Which example of fertile sources is matched correctly? A) land and also surgeon B) capital and oil rig C) labor and telephone wire D) entrepreneurship and also rice field

The following is the approximated regression equation for Assignment 1 which quantifies the demand for Widgets (purchased by the case - 10 microwavable entres per case). Standard errors are in parentheses.

QD = 20,000 - 10P + 1500A + 5PX + 10 I(5,234) (2.29) (525) (1.75) (1.5)R2 = 0.85 n = 120 F = 35.25

Your supervisor has actually asked you to compute the elasticities for each independent variable, ( P, A, PX, and also I), in the equation. Assume the following values for the independent variables:

Q D = Quantity demandedP (in cents) per case = Price of the product = 8,000PX (in cents) = Price of leading competitor"s product = 9,000I (in dollars) = Per capita revenue of the standard metropolitan statistical area (SMSA) wright here the superindustries are situated = 5,000A (in dollars) = Monthly advertising expenditures = 64

 

 


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Business Economics, Economics


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