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Explain the relationship between these two formulas:
Y = C + I + G + EX – IM
S = (Y – T – C) + (T – G)
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- For a certain company, the cost for producing x items is 60x + 300 and the revenue for selling x items is 100x – 0.5x². - The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling x items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratio polynomial.) Part b: Find two values of x that will create a profit of $300. The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or x + 1; x – 1). The order of the list does not matter. To enter va, type sqrt(a). x = Part c: Is it possible for the company to make a profit of $15,000?quiz 1 (page 1 of 5) 105 econ مبادئ في الاقتصاد الرياضی ش 2 و ش elearning yu.edu.jo Question 1 Not yet answered Question 3 Marked out of 1.00 Not yet answered Marked out of 1.00 **Assume that you have the following equations: Simplify the following expression: 3X(8x+9)- X(X+7) 4P+4Q=16 2P-Q=2 The equilibrium price is: O a. 23x2 + 20X O a. P=5 O b. X2-30X O b. P=6 O c. 25X2 + 32X Oc. P-2 d. 21X2-24X O d. P-4 e. None of the above O e. None of the above Clear my choice Clear my choice Next page Next page Quiz navigation Quiz navigation 12 31 4 ...Which ONE of the following descriptions is CORRECT according to this Normal Form?
- Solve the following problems by using the inverse of the matrix involved. (a) An automobile factory producess two models, A and B. Model A requires 1 labor hour to paint and 1 labor hour to polish; model B requires 1 labor hour for each 2 process. During each hour that the assembly line is operating, there are 80 labor hours available for painting and 65 labor hours for polishing. How many of each model can be produced each hour if all the labor hours available are to be utilized? (b) Suppose each model A requires 14 widgets and 10 shims and each model B requires 10 widgets and 7 shims. The factory can obtain 1050 widgets and 745 shims each hour. How many cars of each model can it produce while using all the parts available? (a) Model A: Model B: (b) Model A: Model B:Is the function v(x1,x2)=x21x32 a monotonic transformation of u(x1,x2) ? Select one: a. No b. YesA company finds that there is a linear relationship between the amount of money that it spends on advertising and the number of units it sells. If it spends no money on advertising it sells 250 units. For each additional $2500 spent, an additional 25 units are sold. 1. If x is the amount of money that the company spends on advertising, find a formula for y, the number of units sold as a function of x. y= 2. How many units does the firm sell if it spends $25,000 on advertising? = ____ units 3. How many units does the firm sell if it spends $50,000 on advertising? = ____ units 4. How much advertising money must be spent to sell 700 units? = _____$ 5. Which of the following statements CORRECTLY explains the meaning of the slope? (select all as there may be more than one correct statment) A. If the company spends an additional $1000 on advertising, it will increases the number of units it sells by 10 . B. If the company increases the amount of money it spends on advertising by $250, it…
- write a short note about the following variables and support your answers by giving examples for each variable: TFC , TC , VC , MCLet say you have 3 products: cake, candy, and bread. The revenue per cake is $8. The revenue per candy is $4. The revenue per bread is $5. Define the number of cake, candy, and bread you are about to produce per day as x, y, and z respectively. The manager wants that the number of cake accounts for at least 30% of the total production per day. What is the correct linear constraint to show this? Group of answer choices 0.3x – 0.7y – 0.7z ≥ 0 0.7x – 0.3y – 0.3z ≥ 0 0.7x – 0.3y – 0.7z ≥ 0 0.3x – 0.7y – 0.3z ≥ 0Statement You can select the object to see the slope. Your score depends on the order in which you plot the points. If you plot one point incorrectly and the others correctly, you will receive partial credit for that object. You can adjust the position of the object on the graph without changing its shape by selecting it in between the marked points and moving it around the graph. Connected Points 000 0 Curves 00 0
- answer that with graphs.Please explain to me what every different variable means in this question2- Answer the following questions: a) Show that Young's Theorem holds for the following function: f(x, y) = 9ye²xy. | b) Let z(x, y, w) = x² + wy +w², where w (r, s) = r² + s²₂ x (r,s) = r² — s² and y (r, s) = r. s. Find the partial derivative 6 =? 6s c) The foreign demand for our exports X depends on the foreign income X and our price level P: 1 X = Y + P-². Find the partial elasticity of foreign demand for our exports with respect to que price level. d) If production function is Q₁ = A(t) K³L, where A(t) is an increasing function of t, and K₁= Ko + at, and L. Lo + bt. Find the rate of change of output with respect to time? = www wwwww.w intim um momw