Answer:
Utility overvalued
Explanation:
According to economists, such people over value the utility they are meant to get in the future. They only want to get the entire satisfaction at a go because of the fear of not getting that food again in the nearest future.
Answer:
a) For this case we want to find an equation on the following form:
![y = a ln(x) +b](https://tex.z-dn.net/?f=%20y%20%3D%20a%20ln%28x%29%20%2Bb)
And if we use excel as we can see on the figure attached the best model is:
![y = 40.676 ln(x) + 78.081](https://tex.z-dn.net/?f=%20y%20%3D%2040.676%20ln%28x%29%20%2B%2078.081)
b) For this case we can use the relative change in order to calculate the % of variation between 2010 and 2017:
![\% variation = \frac{180-92}{92} x100 = 95.65\%](https://tex.z-dn.net/?f=%20%5C%25%20variation%20%3D%20%5Cfrac%7B180-92%7D%7B92%7D%20x100%20%3D%2095.65%5C%25%20)
c) If we use the model created we just need to replace x =8 and we got:
![y = 40.676 ln(8) + 78.081=162.664](https://tex.z-dn.net/?f=%20y%20%3D%2040.676%20ln%288%29%20%2B%2078.081%3D162.664)
And the difference respect the observed values is:
![\hat e = 180-162.664=17.336](https://tex.z-dn.net/?f=%20%5Chat%20e%20%3D%20180-162.664%3D17.336)
Explanation:
For this case we have the following data, let X= the amount of years since 2009. Because if we select starting from 0 the natural log of 0 not exists.
t x y
2010 1 92.0
2011 2 101.0
2012 3 112.0
2013 4 124.0
2014 5 135.0
2015 6 149.0
2016 7 163.0
2017 8 180.0
Part a
For this case we want to find an equation on the following form:
![y = a ln(x) +b](https://tex.z-dn.net/?f=%20y%20%3D%20a%20ln%28x%29%20%2Bb)
And if we use excel as we can see on the figure attached the best model is:
![y = 40.676 ln(x) + 78.081](https://tex.z-dn.net/?f=%20y%20%3D%2040.676%20ln%28x%29%20%2B%2078.081)
Part b
For this case we can use the relative change in order to calculate the % of variation between 2010 and 2017:
![\% variation = \frac{180-92}{92} x100 = 95.65\%](https://tex.z-dn.net/?f=%20%5C%25%20variation%20%3D%20%5Cfrac%7B180-92%7D%7B92%7D%20x100%20%3D%2095.65%5C%25%20)
Part c
If we use the model created we just need to replace x =8 and we got:
![y = 40.676 ln(8) + 78.081=162.664](https://tex.z-dn.net/?f=%20y%20%3D%2040.676%20ln%288%29%20%2B%2078.081%3D162.664)
And the difference respect the observed values is:
![\hat e = 180-162.664=17.336](https://tex.z-dn.net/?f=%20%5Chat%20e%20%3D%20180-162.664%3D17.336)
Answer:
The correct answer is letter "A": a market in which a good can be bought and sold at the same price.
Explanation:
Competitive markets are those with large numbers of producers fighting against each other to fulfill consumers' needs. In these markets, the producers and consumers cannot determine the price of the goods or services being traded. Both <em>participants are price-takers</em> which imply they will come to a point in which the price level offered by producers and desired by consumers will be equal.
The answer for this question is: Purchasing plant and equipment that worth more than the cash that they have.
By doing this, the company will be forced to find some funds that is not included in Company's budget, and the easiest method to do that is by searching for an emergency loan or by selling other assets that are not crucial for their operation.