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- what is correlation cofficientWhat are the assumptions of say's lawA kids' organization sold 570 bars last year at $ 2.55 per candy bar. Research has suggested that for each $ 0.25 price increase, they will sell 20 less candy bars. They want to know what price should they sell their candy bars at to maximize their revenue. Please help them out, showing your work neatly in the following steps. And please label the steps clearly with the letters A through F A) Define your variables. This means that for every letter you use to represent a value, you communicate what it equals in words. B) Find the linear equation that relates the price and the number sold. C) Determine a function that represents the Revenue. (Remember, Revenue = (Price)*(Number Sold)). D) Graph your revenue function on your calculator or Desmos or something similar and on your paper, labeling the axes and the maximum point. E) Uusing your calculator or Desmos or something similar, use your graph to determine the price that maximizes the revenue for the organization. Do NOT use calculus…
- Hello. May I ask how did you get the values? Were those only assumed values? Can you also explain how did you make the normal form thoroughly?Explain Gauss–Markov Theorem with proof ? How estimators satisfy the equations?When filing an income tax return, one can claim a deduction for charitable contributions. Let's simplify the income tax system and assume that the tax is proportional to the level of taxable income (income after deductions). (a) Suppose we increase the marginal income tax rate. An economic adviser claims that the effect of this tax change on the amount of charitable contributions is uncertain. Plot a simple graph that illustrates this situation (it involves the choice between charitable contributions and other spending), use it to explain why the effect is uncertain and explain what it depends on. (b) Now suppose that we instead increase the marginal tax rate but also provide a transfer that makes the bundle that used to be optimal before tax increased just affordable. According to the economic adviser this policy change will make people contribute more to charity. Why?
- What is the dependent variable and which is the independent variable?Styles Paragraph Trigleater is a hungry individual in the Grossman model deciding what to have for dinner is looking at variable options. Trigleater has a special condition called "Eaterblood" where whatever she eats will affect her health almost immediately. The following table reflects the options she is considering and the effect on health Home Good Z Health H Meal Steak and eggs +9 -4 -5 +18 Kale salad and broccoli -18 Double cheeseburger deluxe with coke 12 A miracle pill "Actosfast" is discovered that halves the negative health impact of food. What would the new choice be If Trigleater's single period utility function is given by U=5Z+2H and she can only select one item from the table above, what would be her total utility after selecting the optimal meal Will Kale salad C B.with broccoli Double Cheeseburger C C.Deluxe with coke Steak C A. and eggs C D.not eatA theory is a simplified representation of how two or more variables interact with each other Group of answer choices True False
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