Answer:
4. It should be less than coefficient on str in the first regression
Step-by-step explanation:
Since the str and income are positively correlated and the coefficient on income in the second regression is positive, the coefficient on str in the second regression therefore should be less than coefficient on str in the first regression.
Answer:
73.4846922835 = 73.5 and no it is not a perfect square 5400/100 = 54
Its simple, graph them.
For the first equation, go on the Y-Axis (the vertical one) and go to 4. Then from there go up 1, right 6.
For the second equation go on the Y-Axis (the vertical one) and plot a point at 1 (aka 0,1) Now you go up 1, right 3.
When you see an equation like y=2x+3, the 3 represents the point (0,3) as when the x is 0, y=3. Just plug the numbers in. And as for the "2x" 2 is the slope. Slope is always rise/run or up, then right. So if its 2 your slope is 2/1, rise 2, over 1. If it "-2x" is your slope then all you have to do is go down 2, right 1.
I hope this cleared up your confusion, brainliest/heart would help.
Answer:
y= -69/8 (negative 69 over 8)
Step-by-step explanation:
First, you have to simplify both sides of the equation:
Second, add 3/4 to both sides:
-2/3y +-3/4 + 3/4=5 +3/4
-2/3y= 23/4
Next, multiply both sides by 3/(-2) (3 over -2)
(3/-2)*(-2/3y)= (3/-2) * (23/4)
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<em><u>y= -69/8</u></em>
Answer: A
Suppose that the last dollar that Victoria receives as income
brings her a marginal utility of 10 utils while the last dollar that
Fredrick receives as income brings him a marginal utility of
15 utils. If our goal is to maximize the combined total utility of
Victoria and Fredrick, we should
a. Redistribute income from Victoria to Frederick
b. Redistribute income from Fredrick to Victoria
c. Not engage in any redistribution because the current situation already maximizes total utility
d. None of the above
Step-by-step explanation:
Marginal utility is the added satisfaction derived from consuming an additional unit of a good or service. In the above question, Fredrick derives more satisfaction from his last dollar than Victoria, and will therefore achieve a higher marginal utility with additional income than Victoria does with her current income. If we want to maximize the combined utility, we should redistribute income from Victoria to Fredrick.
The logic behind this is the diminishing marginal utility. The first unit of a good consumed gives the highest level of satisfaction, marginal utility reduces with additional units consumed. In the same way, when we spend our income, we purchase the things that give us the maximum satisfaction first.
.
