Answer:
The completely factored form of xy3 – x3y is
xy (y + x) (y - x)
Explanation:
edge 2021
Based on the information given, it should be noted that the slope cannot be interpreted as the equation makes no sense for the model.
<h3>
Interpretation of the slope.</h3>
From the information given, the explanatory variable x was the year that the observations were taken.
In this case, the values are the integer number between 1975 and 1986. The y-intercept of the equation makes no sense for the prediction as it's not in the range of the explanatory data.
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The socially optimal quantity of output in this market is D. 0
Quantity Price $ per unit Private Marginal Cost External Marginal Cost
0 100 --- ---
1 90 10 30
2 80 20 30
3 70 40 30
4 60 60 30
5 50 80 30
6 40 100 30
7 30 120 30
Hence, we can see that, in the presence of an externality, the socially optimal output is determined by including the externality either by adding it with marginal cost or marginal benefit.
Therefore, from the given table above, we can see that the socially optimal quantity of output in this market is 0 because it occurs when social marginal cost is equal to the marginal revenue.
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