4 years ago

With the help of a diagram explain types of price elasticity of supply

Business

1 answer:

SIZIF [17.4K]4 years ago

8 0

Answer:

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Explanation:

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A country is currently producing bricks and spatulas using all of their resources and satisfying the wants of their economy. If

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Answer:

C. The country will have a smaller marginal return from bricks.

Explanation:

This is because it will lead to an increased production in the economy and ppf will shift outward.

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The graphical representation that summarizes the steps a consumer takes in making the decision to buy your product and become a

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3 years ago

The village of Hempstead has been taking a look at the issue of responding to 911 calls. It is a small community and geographica

yuradex [85]

Answer:

$\bar X = \frac{17+12+9+16+14}{5}= 13.6min$

So then the best answer for this case would be:

a. 13.6 minutes

Explanation:

For this case we have the following data for the response rates:

17,12,9,16,14

And we want to calculate the mean response time for 911 calls in this village.

And for this case we use we can use the definition of sample mean given by:

$\bar X = \frac{\sum_{i=1}^n X_i}{n}$

Where n = 5 represent the sample size for this case. If we replace we got:

$\bar X = \frac{17+12+9+16+14}{5}= 13.6min$

So then the best answer for this case would be:

a. 13.6 minutes

The sample mean is an estimator unbiased of the population mean because:

$E(\bar X) = E(\frac{\sum_{i=1}^n X_i}{n}) = \frac{1}{n} \sum_{i=1}^n E(X_i) = \frac{n\mu}{n}= \mu$

For this reason is a good statistic if we want to see central tendency in a group of values.

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The private security industry is _____ larger than the public policing sector in the united states.

viktelen [127]

The private security industry is three times larger.
The law enforcement that is provided by the government is not available for personal use.
So, people who had money (such as celebrities or succesful business owners) usually hire someone from private security for guarding themselves or their loved one.

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3 years ago

With the help of a diagram explain types of price elasticity of supply​

With the help of a diagram explain types of price elasticity of supply