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Neporo4naja [7]
3 years ago
5

For the population of firms in the chemical industry, let rd denote annual expenditures on research and development, and let sal

es denote annual sales (both are in millions of dollars).
a. Write down a model (not an estimated equation) that implies a constant elasticity between rd and sales. Which parameter is the elasticity?
b. Write out the estimated equation in the usual form. What is the estimated elasticity of rd with respect to sales? Explain in words what this elasticity means.

Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
6 0

Answer:

See the attached pictures for detailed answer.

Explanation:

See the attached pictures for explanation.

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Answer:

Some of the factors that influence the supply of a product are described as follows:

i. Price: ...

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iv. Technology:  

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vii. Government's Policies:  

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Unlike product, promotion, or place, price is the only part of the marketing mix
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An engineer invests $5,000 at the end of every year for a 40-year career. If the engineer wants $1 million in savings at retirem
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Explanation:

Given data:

P = $5,000

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8 0
3 years ago
Suppose that disposable income, consumption, and saving in some country are $800 billion, $700 billion, and $100 billion, respec
Jobisdone [24]

Answer:

MPC = 0.8

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Marginal propensity to save = increase in savings / increase in disposable income

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I hope my answer helps you

7 0
3 years ago
Read 2 more answers
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