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pogonyaev
3 years ago
5

Define a binary variable as ecobuy = 1 if ecolbs > 0 and ecobuy = 0. in other words, ecobuy indicates whether, at the prices

given, a family would buy any ecologically friendly apples. what fraction of families claim they would buy ecolabeled apples? answer
Business
1 answer:
Artyom0805 [142]3 years ago
4 0

Your question is not complete but from the information I sourced for, there are total 660 families and 412 families claimed they would buy ecolabeled apples.

Answer:

0.6242 fraction of families claim they will buy ecolabeled apples

Explanation:

When a binary variable ecobuy is defined such that ecobuy = 1 if ecolbs > 0 else ecobuy = 0.

Out of 660 families, there are 412 families who claimed they would buy ecolabeled apples.

The fraction of families who claim they would buy ecolabeled apples is therefore calculated as follows; 412/660 = 0.6242 fraction of families.

In percentage; 0.6242*100 = 62.42% of families.

That means 62.4242% of families claimed they would buy ecolabeled apples.

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Answer:

The remaining useful life of the asset is = 10 - 3 = 7 years

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Plugging in the values for depreciation expense per year, cost and salvage value, we can calculate the total expected life of the asset.

5000 = (53000 - 3000) / estimated useful life of the asset

estimated useful life of the asset = 50000 / 5000

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As the accumulated depreciation  balance is of 15000, the depreciation for 15000/5000 = 3years has been charged.

The remaining useful life of the asset is = 10 - 3 = 7 years

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3 years ago
7 pounds of raw material are required to make 1 finished unit. The company desires an ending raw materials inventory for each mo
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Answer:

Instructions are below.

Explanation:

We weren't provided with enough information to answer the request. <u>But, I will give an example and formulas to guide an answer.</u>

<u>For example:</u>

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