Let corn denote per capita consumption of corn in bushels at the county level, let price be the price per bushel of corn, let income denote per capita county income, and let rainf all be inches of rainfall during the last corn-growing season. The following simultaneous equations model imposes the equilibrium condition that supply equals demand:
corn = alpha1 price + beta1 income + mu1
corn = alpha2 price + beta2 rainfall + gamma rainfall2 + mu2
Which is the supply equation, and which is the demand equation? Explain.

Answers

Answer 1

Answer:

[tex]Corn = \alpha_1 *price + \beta_1 * income + \mu_1[/tex] --- Demand

[tex]Corn = \alpha_2 *price + \beta_2 * rainfall + \gamma * rainfall_2 + \mu_2[/tex] --- Supply

Step-by-step explanation:

Given

[tex]Corn = \alpha_1 *price + \beta_1 * income + \mu_1[/tex]

[tex]Corn = \alpha_2 *price + \beta_2 * rainfall + \gamma * rainfall_2 + \mu_2[/tex]

Required

Identify the demand and the supply equation.

To identify which is the demand equation and which is the supply equation, we simply look through the constraints of the equation.

For (1):

[tex]Corn = \alpha_1 *price + \beta_1 * income + \mu_1[/tex]

We have: Price and Income

For (2):

[tex]Corn = \alpha_2 *price + \beta_2 * rainfall + \gamma * rainfall_2 + \mu_2[/tex]

We have: Price and Rainfall

In (1), price and income determines the demand of a product.

Hence, (1) represents the demand equation

In (2), price and weather condition (rainfall) determines the supply of a product.

Hence, (2) represents the supply equation.


Related Questions

An item costs $34 it has a sales tax
rate of 5%. What is the amount of
sales tax for that item?
tax
0.00
+/-

Answers

Answer:

$1.70

Step-by-step explanation:

34 x 0.05 = 1.70

$1.70 is the tax

Which equation best represents the relationship
between x and y in the graph?
FOR BRAINLSIT!!

Answers

Answer:

I've never had to deal with this before but I would say C

Answer:

The best option is C ( y=(1/4) x +3)


x - 2y = 0
2x + y = 5

Answers

x - 2y = 0
x = 2y

2x+ y = 5
Replace x
2(2y) + y = 5
4y + y = 5
5 y = 5
y = 5/5 = 1

x - 2y = 0
x - 2(1) = 0
x - 2 = 0
x = 2

x=2 and y=1

What’s the slope???? Please help meee!

Answers

Answer:

The slope is 0.

Step-by-step explanation:

Suppose we have two points in a data set, the slope is given by the change in the output divided by the change in the input.

In this question:

Two points: (0,-20) and (1,-20)

Change in the output: -20 - (-20) = -20 + 20 = 0

Change in the input: 1 - 0 = 1

Slope: 0/1 = 0

The slope is 0.

NEED HELP ASAPPP PLS

Answers

Answer:

they are alternate interior angles to parallel lines.

Step-by-step explanation:

The reason for this is that they are alternate interior angles to parallel lines. The straight dotted lines that represent the line of sight of each individual are parallel to each other while the elevation line in this scenario would be considered the Transversal as it passes through both of them. This ultimately causes the angles between the transversal and the line of sight to be alternate interior angles which are equal to one another, as can be seen in the attached demonstration in the image below.

At the candy store, Sophie filled a bag with 2 2/3 kilograms of candy. 1/4 of the weight of the candy was from chocolate covered pretzels. How much did the chocolate covered pretzels in Sophie's bag weigh? ​

Answers

Answer:

The chocolate covered pretzels in Sophie's bag weighed [tex]\frac{2}{3} = 0.6667[/tex] kilograms.

Step-by-step explanation:

Sophie filled a bag with 2 2/3 kilograms of candy.

This means that the total weight is of:

[tex]2\frac{2}{3} = 2 + \frac{2}{3} = \frac{6}{3} + \frac{2}{3} = \frac{8}{3}[/tex]

The total weight is of 8/3 kilograms.

1/4 of the weight of the candy was from chocolate covered pretzels. How much did the chocolate covered pretzels in Sophie's bag weigh?

1/4 of 8/3. So

[tex]\frac{1}{4} \times \frac{8}{3} = \frac{1*8}{4*3} = \frac{2}{3} = 0.6667[/tex]

The chocolate covered pretzels in Sophie's bag weighed [tex]\frac{2}{3} = 0.6667[/tex] kilograms.

b. If the radius of a circle is r сm, what
is the measure of its circumference?​

Answers

Answer:

[tex]2 \times \pi \: \times r[/tex]

is the circumference of the circle

Answer:

Step-by-step explanation:

If the radius of a circle is r cm then

circumference = 2πr

need you to check if answer is correct

Answers

It would be “B”, Y=2x+3 because she starts out with 3 cards, which is the +3 portion of the equation. And if she gets 2 cards per day, it would be the 2x portion because the “x” is the number of days.

If the given figure is rotated 180° around the origin, what are the new coordinates of point Z?


please I really need help with this.

Answers

Answer:

New coordinates of the point Z are (-6, 9)

Step-by-step explanation:

If a point (x, y) is rotated 180° about the origin, coordinates of the image point is given by the rule,

(x, y) → (-x, -y)

Coordinates of the vertex Z → (6, -9)

Following the same rule,

Z(6, -9) → Z'(-6, 9)

Therefore, coordinates of the new (image) point will be (-6, 9).

Solve: 18^(x^(2)+4x+4)=18^(9x+18)


x = -2

x = 7

x = –2 and x = 7

no solution

Answers

Is this the problem?

[tex]18x^{2+4+4} = 18^{9x+18}[/tex]

Answer

The Answer is C                    

x=-2 and x=7                      

     

               

                                           

he first date went well. You are still dating the same person and still looking for a great person to spend your life with. You are cautiously moving forward with the relationship and know that if they are a great match, their likelihood of being kind to animals is 0.9 whereas their likelihood of being kind to animals if they are not a great match is 0.7. You see that your prospective spouse is kind to animals. What is the probability that they are a great match now?

Answers

Answer:

0.125 = 12.5% probability that they are a great match now.

Step-by-step explanation:

To solve this question, we need the probability of a person being a great match, which i will use 0.1.

This question is solved using conditional probability.

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

In this question:

Event A: Is kind to animals.

Event B: Is a great match.

Probability of being kind to animals:

0.9 of 0.1(Is a great match).

0.7 of 1 - 0.1 = 0.9(is not a great match). So

[tex]P(A) = 0.9*0.1 + 0.7*0.9 = 0.72[/tex]

Probability of being kind to animals and a great match:

0.9 of 0.1. So

[tex]P(A \cap B) = 0.9*0.1 = 0.09[/tex]

What is the probability that they are a great match now?

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.09}{0.72} = 0.125[/tex]

0.125 = 12.5% probability that they are a great match now.

In how many ways can 5 different novels, 4 different mathematics books, and 1 biology book be arranged on a bookshelf if: (a) The books can be arranged in any order? Your answer is: 3628800 (b) The mathematics books must be together and the novels must be together? Your answer is : 6 (c) The mathematics books must be together but the other books can be arranged in any order? Your answer is: 5040

Answers

Answer:

(a) 3628800 ways

(b) 17280 ways

(c) 120960 ways

Step-by-step explanation:

Given

[tex]Novels = 5[/tex]

[tex]Maths = 4[/tex]

[tex]Biology = 1[/tex]

[tex]Total = 10[/tex]

Solving (a): Arrangement with no restriction.

We simply count each book with no restriction. i.e. 10 books

So, the number of arrangement is:

[tex]Arrangement =10![/tex]

[tex]Arrangement =10*9*8*7*6*5*4*3*2*1[/tex]

[tex]Arrangement =3628800[/tex]

Solving (b): Maths book together and Novels together

First, arrange the 4 maths books as:

[tex]Maths = 4![/tex]

Next, arrange the 5 novels as:

[tex]Novels = 5![/tex]

Lastly, take the 4 maths book as [1], the 5 novels as [1] and the remaining [1] biology book.

So, we have: 3 books

Arrange 3 books, we have:

[tex]Books = 3![/tex]

Total arrangement is:

[tex]Total = 4! * 5! * 3![/tex]

[tex]Total = 4*3*2*1 * 5*4*3*2*1 * 3*2*1[/tex]

[tex]Total = 17280[/tex]

Solving (c): Maths book together

First, arrange the 4 maths books as:

[tex]Maths = 4![/tex]

Next, take the 4 maths book as [1], then the remaining 6 books (i.e. 5 novels and 1 biology)

So, we have: 7 books

Arrange 7 books, we have:

[tex]Books = 7![/tex]

Total arrangement is:

[tex]Total = 4! * 7![/tex]

[tex]Total = 4*3*2*1 * 7*6*5*4*3*2*1[/tex]

[tex]Total = 120960[/tex]

Find the volume of the pyramid.

Please Help!

Answers

Answer:

144cm

Step-by-step explanation:

Just search it up lol

One hundred forty four centimeters

A recent hailstorm caused $1200 worth of body damage to Karen's car. Based
on Karen's insurance policy given below, how much money will Karen receive
after she files her claim?
Summary
Comprehensive Deductible: 333
Collision Deductible: 5550
Premium of $625 for 4 months
A. $625
B. $825
O C. $375
Ο Ο
D. $1200

Answers

Answer:B

Step-by-step explanation:

$825

20 POINTS HELP!!
What value of x and y make the polygon below a parallelogram

Answers

Answer:

Step-by-step explanation:

3x = 12

x=4

x+y =5y

4+y = 5y

4 = 4y

1=y

Answer:

x-5 = y

72 -5 = 67

y=67

x = 72

Step-by-step explanation:

In a parallelogram, the diagonals bisect each other.

That being the case,

6x = 72

x = 12 In a parallelogram, the diagonals bisect each other.

That being the case,

6x = 72

x = 12 and the diagonals measure

144 and 134

i hope this helps!! ^_^

The normal rainfall in September for Denver is 1.24 inches. The normal rainfall for Miami in September is 7.63 inches. The normal rainfall in January for Miami is 2.01 inches. The normal rainfall in January for Denver is 6.91 inches.
To the nearest tenth of an inch, how much more rain does Miami get in September than it gets in January?

Answers

Answer:

5.60 inches

Step-by-step explanation:

7.63 - 2.01 = 5.62

5.62 ≈ 5.6

Tell me if there is any missing information in the question because the information for Denver seems useless and there probably something missing

Solve the following problems. It may be helpful to set up an equation. The sum of two numbers is 13, the difference is 4. What are the numbers? pls help

Answers

Answer:

y = 4 1/2

x = 8 1/2

Step-by-step explanation:

x + y = 13

x - y = 4

substitution method:  let x = 4+y

4+y + y = 13

2y = 9

y = 4 1/2

x = 8 1/2

betty closes the nozzle and fills it completely with a liquid. She then opens the nozzle. If the liquid drips at the rate of 14 cubic inches per minute, how long will it take for all the liquid in the nozzle to pass through(Use Pi = 3.14​

Answers

Answer:

4.71 minutes

Step-by-step explanation:

Incomplete question [See comment for complete question]

Given

Shape: Cone

[tex]r = 3[/tex] -- radius

[tex]h = 7[/tex] --- height

[tex]Rate = 14in^3/min[/tex]

Required

Time to pass out all liquid

First, calculate the volume of the cone.

This is calculated as:

[tex]V = \frac{1}{3} \pi r^2h[/tex]

This gives:

[tex]V = \frac{1}{3} * 3.14 * 3^2 * 7[/tex]

[tex]V = \frac{1}{3} * 197.82[/tex]

[tex]V = 65.94in^3[/tex]

To calculate the time, we make use of the following rate formula.

[tex]Rate = \frac{Volume}{Time}[/tex]

Make Time the subject

[tex]Time= \frac{Volume}{Rate }[/tex]

This gives:

[tex]Time= \frac{65.94in^3}{14in^3/min}[/tex]

[tex]Time= \frac{65.94in^3}{14in^3}min[/tex]

Cancel out the units

[tex]Time= \frac{65.94}{14} min[/tex]

[tex]Time= 4.71 min\\[/tex]

Answer:

The time it will take for all the liquid to pass through is 4.71 minutes.

-Don't worry it's been already verified by myself .

saniyah collected a total of 9 seashells she gave 1/3 to her sis how many seashells did Saniyah have left?

Answers

Answer: The answer is 3.

Step-by-step explanation: You would multiply 9x1/3 which would give you 3. If you want to understand even better here's how to do so: Put 3(the answer that you got from multiplying 9x1/3) into the fraction 1/3 as 1. In other words,  it would look something like this 3/3. Then, just multiply the two numbers 3x3 and that equals 9, the number you started with.

Hope that this helped!!:)

Considering the provided information in the given question, we have :

Total seashells Saniyah have = 9Number of seashells Saniyah gave to her sister = [tex]\sf \dfrac{1}{3} [/tex] of total.

We need to find how many seashells did Saniyah have left.

⇒ Number of seashells Saniyah have left = Total seashells – Number of seashells she gave to her sister

⇒ [tex] \sf {Left \: seashells = 9 - \Bigg \lgroup \dfrac{1}{3} \times 9 \Bigg \rgroup } [/tex]

⇒ [tex] \sf {Left \: seashells = 9 - \Bigg \lgroup 1 \times 3 \Bigg \rgroup } [/tex]

⇒ Left seashells = 9 – 3

⇒ Left seashells = 6

Therefore, Saniyah have left [tex] \bf {6 \: seashells } [/tex].

Simplify the expression (2x- 9Xx + 6).​

Answers

Answer:

2 2 + 3 − 5 4

Step-by-step explanation:

PLEASE HELP!
In the figure below, m∠R is 66°, and m∠T is 122°.


Note: Figure is not drawn to scale.


What is m∠Q?
A.
58°
B.
56°
C.
24°
D.
124°

Answers

Answer:

B. 56°

Step-by-step explanation:

We are given that m∠R is 66° and m∠T is 122°.

We can apply the supplementary rule since ∠S and ∠T are a linear pair. So, we can use ∠T to find ∠S through 180° - 122° = 58°.

Now, we can use ∠R and ∠S to find ∠Q.

66° + 58° = 124°

180° - 124° = 56°

Answer:

m∠Q is 56°.

Step-by-step explanation:

An exterior angle of a triangle is equal to the sum of the two interior angles that are not adjacent to that exterior angle.

In this case, ∠T is an exterior angle of the triangle, and ∠Q and ∠R are the two interior angles that are not adjacent to ∠T.

So, the measure of ∠T is equal to the sum of the measure of ∠Q and the measure of ∠R.

Therefore, m∠Q is 56°.

Given the definitions of f(x) and g(x) below, find the value of g(f(-1)).
f(x) = -4x – 7
g(x) = x² + 7x – 2

Answers

Answer:

-14

Step-by-step explanation:

[tex]f(x) = -4x – 7 \\ plug \: x = - 1 \\ f( - 1) = - 4( - 1) - 7 = 4 - 7 = - 3 \\g(x) = x² + 7x – 2 \\g(f( - 1)) = {( - 3)}^{2} + 7( - 3) - 2 \\ = 9 - 21 - 2 \\= - 14[/tex]

Which expression is equivalent to 4/9 × 7

key:
1. 9÷4×7
2. 4×7÷9
3. 4÷7×9
4. 7×9÷4

Thank you :)​

Answers

2 is the correct answer

Please help me with this question.

Answers

Answer:

A

Step-by-step explanation:

F(-2)= 4(-2)-1= -9

G(-2)= (-2)^2-3= 1

f(-2)-(g-2)= -9-1= -10

In triangle ABC, m∠A=(2x)∘, m∠B=(3x+1)∘, and m∠C=(3x−5)∘.
What is the value of x?

Answers

Answer:

x = 23

Step-by-step explanation:

A triangle contains 180°. So, simply create the equation m∠A + m∠B + m∠C = 180° and solve for x.

2x + 3x + 1 + 3x - 5 = 180

8x - 4 = 180

8x = 184

x = 23

The value of x in triangle ABC, where m∠A=(2x)∘, m∠B=(3x+1)∘, and m∠C=(3x−5)∘ is 23.

What is triangle angle sum theorem?

According to the triangle angle sum theorem, the sum of all the angle(interior) of a triangle is equal to the 180 degrees.

In triangle ABC,

m∠A=(2x)∘, m∠B=(3x+1)∘, m∠C=(3x−5)∘.

As, the sum of all the angles of triangle is equal to the 180 degree. Thus,

[tex]m\angle A+m\angle B +m\angle C=180^o\\(2x)+(3x+1)+(3x-5)=180\\2x+3x+3x=180+5-1\\8x=184\\x=\dfrac{184}{8}\\x=23^o[/tex]

Thus, the value of x in triangle ABC, where m∠A=(2x)∘, m∠B=(3x+1)∘, and m∠C=(3x−5)∘ is 23.

Learn more about the triangle angle sum theorem here;

https://brainly.com/question/7696843

#SPJ2

Von de som en bona pays 1. West End the stor 10 years when it is
The balance after 10 years is $

Answers

Answer:

10$

Step-by-step explanation:

BC is included between?

Answers

Answer:C

Step-by-step explanation: goobaldy gock

Answer:

the answer is B not C you're welcome

For which value of k does Limit as x approaches kf(x) = 4?

0
2
6
8

Answers

Answer:

2

Step-by-step explanation:

on Edge

Answer: 2

Step-by-step explanation:

have a great day!

Johnson Electronics makes calculators. Consumer satisfaction is one of the top
priorities of the company’s management. The company guarantees the refund of
money or a replacement for any calculator that malfunctions within two years from
the date of purchase. It is known from past data that despite all efforts, 12% of the
calculators manufactured by this company malfunction within a 2-year period. The
company recently mailed 550 such calculators to its customers.
a. Find the probability that exactly 32 of the 550 calculators will be returned for
refund or replacement within a 2-year period.
b. What is the probability that 30 or more of the 550 calculators will be returned for
refund or replacement within a 2-year period?
a. What is the probability that 15 to 35 of the 550 calculators will be returned for
refund or replacement within a 2-year period?

Answers

Answer:

later ill answer this .. read and understand

Scale factor of 3 and 6

Answers

Answer:

3:6

3x2=6

Scale factor = 2

Step-by-step explanation:

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