=
Multiply both sides by 15
6 =
Multiply both sides by c
6c = 30 Divide both sides by 6
c = 5
Answer:
A. The economy switches to producing less of one product without increasing the production of the other product
Step-by-step explanation:
PPC is the graphical representation of product combinations that an economy can produce, given resources & technology. It is downward sloping because given resources & technology, production of a good can be increased by decreasing production of other good.
It is based on assumption that resources are efficiently utilised. Points on PPC show resources efficient utilisation, Points under PPC show under utilisation, Points outside PPC are beyond country's productive capacity.
If country produces less of a good without increasing production of other goods, implying wasted resources & production below PPC. This case doesn't satisfy productive efficiency
Other cases : Producing more of a good & less of other is just re allocative movement on the PPC itself. Production point at PPF intersection with either axis implies economy is producing only the good on that axis.
In all the cases except A. satisfy the 'productive efficiency'
Answer: y = 4x - 3
Explanation: 5 = 4x2 - 3
For this case we have the following equations:
2x - 3y = 1
2x + 3y = 2
When adding both equations we observe that:
Sentence 1: we have an equation of a variable, which in this case will be x. We can clear the value of x.
Sentence 2: Knowing the value of x, we can substitute in any equation and find the value of y.
Sentence 3: The value of x and y represents the point of intersection of both lines (x, y).
Answer:
Mean = 30516.67
Standard deviation, s = 3996.55
P(x < 27000) = 0.0011518
Step-by-step explanation:
Given the data:
28500 35500 32600 36000 34000 25700 27500 29000 24600 31500 34500 26800
Mean, xbar = Σx / n = 366200 /12 = 30516.67
Standard deviation, s = [√Σ(x - xbar) / n-1]
Using calculator, s = 3996.55
The ZSCORE = (x - mean) / s/√n
Zscore = (27000 - 30516.67) / (3996.55/√12)
Zscore = - 3516.67 / 1153.7046
Zscore = - 3.048
P(x < 27000) = P(Z < - 3.049) = 0.0011518
