A corporation administers an aptitude test to all new sales representatives Management is interested in the possible relationship between test scores and the sales representatives' eventual success. The accompanying table records average weekly sales (in thousands of dollars) and aptitude test scores for a random sample of eight representatives. Construct a scatter plot with weekly sales as the dependent variables and test scores as the independent variable. Weekly sales 10 12 30 26 20 15 Test score 53 61 83 76 78 Choose the correct graph below OA 14 86 65 13 58 Tea O C CIT C Teatre C

Q: Assume labor is the only variable input and that an additional input of labor increases total output…

A: A competitive market is characterized by multiple buyers and sellers engaging in free and open…

Q: ilippines u're the manager of global opportunities for a U.S. manufacturer that is considering…

A: The chance of profit and the value of profit are multiplied to determine the expected profit. The…

Q: You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF)…

A: Disclaimer :- Since you asked multipart question, we are solving only first 3 parts as per…

Q: A profit maximizing single-price monopolist charges a price equal to

A: Price Discrimination:Price discrimination i a pricing strategy employed by monopolist or firm with…

Q: The graph shows the demand curve for textbooks. Suppose the price of a textbook is $150. Draw an…

A: A consumer surplus happens when the price that consumers pay for a product or service is less than…

Q: Consider a partnership game between two people, in which each player simultaneously chooses an…

A: There are two players simultaneously optimizing their payoffs .Payoff of Player 1 :  Pi1 =  0.5 R(e1…

Q: Investment Goods 0 D 1234 Consumer Goods Refer to the provided graph. The selection of which point…

A: A production possibility curve (PPC) is a graphical representation that illustrates the maximum…

Q: 11. Graphically derive the LM curve from the money market equilibrium when the money supply is…

A: As per the guidelines we are allowed to answer the first question only. Please post the remaining…

Q: Why is perfect competition assumed to be the best market situation in most cases? Draw a graph…

A: Why is perfect competition assumed to be the best market situation in most cases?Draw a graph…

Q: To earn a profit, firms must typically first raise funds to pay for operations. This often includes…

A: Small firms refer to those firms which have small production function, not represented on stock…

Q: 9. A bond was purchased for $2100. Interest of $115 was paid every 6 months. The bond was sold at…

A: Annual Effective Rate of Return:The annual effective rate of return represents the annualized rate…

Q: A firm estimates its long-run production function to be Q = -0.0050 K³L³ + 15 K²L² Suppose the firm…

A: Marginal product refers to the additional output produced by one additional unit of input, while…

Q: The proportion of an insurance company’s premium income spent on provision of treatments is called…

A: Premium income is any money that a person or organisation receives as all or part of the premium…

Q: Use the information given in Great Lakes National Bank's balance sheet to answer the following…

A: The leverage ratio is a financial metric that measures the amount of debt a company uses to finance…

Q: Illustrate the logic of the endowment effect using a kinked indifference curve. Let the angle be…

A: A budget line in economics represents the various combinations of goods or services that an…

Q: Tennessee Natural Gas is a natural monopoly. The graph shows the market demand curve and the firm's…

A: A monopoly is a market structure characterized by a single seller or producer who has exclusive…

Q: What is the overall rate of return on a $150,000 investment that returns 19% on the first $50,000…

A: total investment = $150,000Divided into 2 parts: $50,000 invested at 19% & remaining ($150,000 -…

Q: Suppose the exchange rate between the British pound and the U.S. dollar is £1 = $2.00. The Bank of…

A: Contractionary Monetary Policy:Contractionary monetary policy is a type of economic policy…

Q: In the figure to the right, the importing country mposes a tariff that raises the domestic price…

A: A tariff refers to tax on products and services imported into a nation. The main purpose is…

Q: Joe owns a few collectible cars from the 1950's. He has decided to go solar and needs money to…

A: Joe is selling one of his collectible cars to get the money he needs to finance his new solar…

Q: Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at…

A: A consumer price index refers to a price index, the price of a weighted average market basket of…

Q: The elasticity of demand is ε = (Enter your response rounded to one decimal place and include a…

A: The elasticity of demand is calculated by taking the ratio of percentage change in quantity demanded…

Q: Can you describe to me what the Interest on Reserves Balances (IORB rate) is, what it does, and how…

A: The Interest on Reserves Balances (IORB rate) is the interest rate paid by the Federal Reserve to…

Q: You are thinking about building a new mall. Your trusted economic consultants say the mall will…

A: Real Rate of Return:The real rate of return represents the actual rate of return an investor or…

Q: 1. The farmer takes the rancher to court and the judge decides putting up a fence is the farmer's…

A: An externality is an idea from economics that alludes to the unintended side impacts or consequences…

Q: Suppose you are considering a project has an initial cost of $750 that has an ongoing benefit of…

A: Initial cost (P) = $750.Annual benefit = $275.The annual cost is $90, increasing by $10 each year.…

Q: Tom makes annual payments of $12,204.21 per year on a loan. The loan was set at $42,000 at an…

A: Tom makes annual payments of $12,204.21 per year.The initial loan amount is $42,000.The interest…

Q: QUESTION 14 Use the table below to create a nonlinear model based on the table to answer the…

A: An experimental dataset's nonlinear interactions are described by a nonlinear model. In cases where…

Q: 3. Firm Alpha is a price taker. Its marginal cost is MC(q), average cost is AC(q), and average…

A: In perfect competition, There exists a large number of buyers and sellers. The firm will produce…

Q: You have been hired by a manufacturing firm to help solve the following problem. Minimise the cost…

A:

Q: 16 12 co 5 сл 2 20 Reference Ref 4-13 40 O C. $70 OD $210 60 D (Figure: Determining Surplus and…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

Q: The records kept by a large department store indicate that, in the past, weekly sales have averaged…

A: The records kept by large department store indicate that, in the past, weekly sales have averaged…

Q: P $15 9 11 3 C 14 MC MR Q According to the graph shown, at point C the firm is earning: fewer…

A: Total revenue is the product of price and quantity. Profit is the difference between the total…

Q: The purpose of this homework assignment is to give you a better understanding of consumer and…

A: Consumer surplus is the area below the demand curve and above the equilibrium price level.Producer…

Q: The following diagram shows select information for an economy made up of three industries for a…

A: GDP refers to the value of goods and services that is produced within the domestic territory of the…

Q: Lim, the owner of a car delivered his car to Chan, a mercantile agent for sale. Lim stipulated and…

A: In this scenario, we are dealing with an agency relationship, where Lim (the principal) has…

Q: d. Using calculus and the equation that you found for P* in part c, find an expression for the tax…

A: Market equilibrium is a fundamental concept in economics that represents a state in a market where…

Q: According to Christopher Stone in "Why the Market Can't Do It", the market: Group of answer choices…

A: Christopher Stone's "Why the Market Can't Do It" is a critique of the often uncritical faith in…

Q: If the MPC is 0.80 and the government increases transfer payments by $45 billion, then the initial…

A: When government increases transfer payments it results in more disposable income to spend. . A rise…

Q: Darren and Susan want to provide funding for their daughter Jerri, age 10, to attend four years of…

A: To determine the amount of life insurance needed, we need to calculate the future cost of the four…

Q: Potential health benefits of eating organic versus non-organic food have been often discussed in…

A: The goods that can be consumed instead of one another are known as substitute goods. Consumers treat…

Q: Medical bills may be paid by any of the following methods except           shifting consumption…

A: Economics is a social science that studies the production, distribution, and consumption of goods…

Q: What is P(A or B)? Your answer should be given to 4 decimal places.

A: Independence events are the one in which the event of one outcome is not dependent on the other.In…

Q: Kiwidale Dairy is considering purchasing a new ice-cream maker. Two models, Smoothie and Creamy, are…

A: There are two alternatives- Smoothie and Creamy. Their information is given in the table. The…

Q: 3. James earns $25 per hour for up to 45 hours of work each week. He is paid $40 per hour for every…

A: Upto 45 hours per week -Wage rate = $ 25 per hour Beyond 45 Hours -Wage rate = $40 per hour Rental…

Q: A nation can produce two products: steel and wheat. The table below is the nation's production…

A: A production possibility schedule is a tabular representation of the different combinations of two…

Q: If the government wants to collect a substantial amount of tax revenue, it should target products…

A: The answer is (B).  Inelastic; tax burden falls mainly on the buyerIf the government wants to…

Q: If foreign income and wealth decrease, this would most likely a. not affect the market for loanable…

A: If foreign income and wealth decrease, this would most likelya. not affect the market for loanable…

Q: The graph shows the market for tutoring at a university. Price (per hour of tutoring) $25 20 15 10…

A: As the price is above equilibrium price, there will be a price floor.The price floor is imposed at…

Q: the MRS = -N/W.   The budget constraint is: 1,600 = 2*N + 20*W   Graph Qty of noodles (N) on…

A: Utility function given above is convex to the origin because as we move down the the IC the MRS…