Suppose that all firms get to flexibly set prices each year, that is assume that d = 1. Derive the AS curve under this assumption, draw it, and provide and intuitive explanation for its shape.
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- Suppose the order-up-to model is used to manage inventories. The firm is planning changesthat will reduce the lead time to receive replenishments because the firm anticipates thatthe coefficient of variation of demand will increase even though mean demand per periodremains the same. What can be said about the likely change in the firm’s on-order inventory? a. It will surely decrease.b. It will remain the same.c. It will surely increase.d. More information is needed to determine the impact of these changesDefine the strict gradient series?Help with below homework. Pls state following statements are "True" or "False". Explain briefly
- Practice question: Given: y = -5/x4 23 Find the second derivative. Solution: We can rewrite this as: y = -5x4 Using the power rule, we find: dy/dx = y' = (-4)(-5x(-4-1) = 20x"5 The second derivative is just the derivative of y': y"= (-5)20x(-5-1) = -100x6 = -100/x6 Question: Given the following equation: y=-3/x 2 Which of the following equation represents the second derivative? (Click to select) ♥ A y' = -18/x4 By'= 18/x3 C y = -6/x5 D y' = -3/xA breeder tells you he has determined for each 1-lb increase in weaning weight profit increases by $1.40 per pound. However, he has also calculated that for each independent 1-lb increase in birth weight, profit decreases $5.45 per pound. 1. What would be the economic index for this aggregate breeding value? 2. If the producer gave you the following table with calf birth weight and weaning weight, what would be the index value and rank for these animals? Calf id Weaning weight Birth weight Index value Rank 608 78 589 70 566 80 532 75 5. 556 76 618 87 7. 576 74 8. 610 88 9. 595 90 10 625 73 3 4 6A demand schedule shows the relationship between two variables. So what are the two variables on the axes of the area in which we graph a demand schedule?
- explain and illustrate laffer curveJust solve questions 10-12, thank u! 5.The basic purpose of the ceteris paribus assumption is to: isolate the relationship between two variables by assuming all other factors remain constant allow one to focus upon micro variables by ignoring macro variables allow one to focus upon macro variables by ignoring micro variables determine whether x causes y or vice versa 6.The law of demand states that: price and quantity demanded are inversely related the larger the number of buyers in a market, the lower the price of the product price and quantity demanded are directly related consumers buy more of a given product at high prices than they buy at low prices 7.Which of the following does not cause the demand for product K to change? a change in the price of substitute product J an increase in consumer incomes a change in the price of K a change in consumer preferences 8.The law of supply indicates that: producers will offer more of a product at high prices than…Assume that GBP|USD = 2.00 (rate chosen for math ease). After the passage of a significant tax increase in the United States, the United States stock market is expected to drop significantly over the next month while the British stock market is expected to show steady growth. As a result which of following is most likely in a graph of the currency market with GBP per USD (original equilibrium is USD|GPB = 0.50) on the vertical axis (quantity of USD on horizontal axis)? Drawing a diagram would be useful. A. The supply curve would shift left and the new price would be greater than 0.50. B. The supply curve would shift right and the new price would be greater than 0.50. C. The supply curve would shift left and the new price would be less than 0.50. D. The supply curve would shift right and the new price would be less than 0.50.
