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

Please help me with this i need a real answer not tjose file things

Answers

Answer:

c

Step-by-step explanation:

Sets A and I are defined as follows.
A={-5, -2,0,2,5}
I={-5, -1,1,5,8}
Find the union of A and I.

Answers

Answer:

AUI = { -5 , -2 , -1 , 0 , 1 , 2 , 5 , 8 }

Evan is thinking of a number that contains the digit 2 The digit 2 in Evan's number has 10 times the value of the
digit 2 in the number 328,907.
Which number could be the number that Evan is thinking of?
127,905
145,298
290,837
352,987

Answers

Answer:

C, 290,837

Step-by-step explanation:

The 2 in his number is 10x the 2 in the number 328,907

This means you need to move the number to the left once, hence it being in the hundred thousands.

290,837 is the final answer.

Box Plot for Problem #12​

Answers

I don’t see an image for this.

College Math!!! I did the first half of the question, I just need the bottom half of it.

Answers

Answer:

-49

Step-by-step explanation:

[tex]\int _{-5}^{-2}\:\left(8\:w\left(r\right)-3\right)dr[/tex] = [tex]\int _{-5}^{-2}\:8\:w\left(r\right)dr[/tex] -3 (-2 -(-5)) = [tex]8 \int _{-5}^{-2}\:\:w\left(r\right)dr[/tex] -9 =8(-5) -9 = -49

Anyone know how to do this ?

Answers

Answer:

( 3 / 4) * λ = - 1 - - > λ = - ( 4 / 3)

y = - ( 4 / 3) * x + 6

Answer:

Y= -4/3 X + 6

Step-by-step explanation:

I've explained this answer in attachment.

(6x-5)+(-7x+2)
and
(6x-5)-(-7x+2)
Need work

Answers

Answer:(6x-5)+(-7x+2)

1 Remove parentheses.

6x-5-7x+2

2 Collect like terms.

(6x-7x)+(-5+2)

3 Simplify.

-x-3

_____________________________

1 Remove parentheses.

6x-5+7x-2

6x−5+7x−2

2 Collect like terms.

(6x+7x)+(-5-2)

3 Simplify.

13x-7

Hope this helps

                                                                -Tobie the dog <3

☆Answer : A)

6x - 5 + (-7x + 2) = ...

= 6x - 5 - 7x + 2

= (6x - 7x) + (-5 - 2)

= -x - 7

[tex]\:[/tex]

B)

6x - 5 - (-7x + 2) = ...

= 6x - 5 + 7x + 2

= (6x + 7x) + (-5 + 2)

= 13x - 3

SOMEONE PLEASE HELP :(

Answers

Answer:

[tex](x-3)^{2} = 10[/tex]

Step-by-step explanation:

[tex]\\Question 1\\\\-2xc = -6x\\2xc = 6x\\c = \frac{6}{2} \\c = 3\\x^{2} - 6x + cx^{2} = 1 + c^{2} \\x^{2} - 6x + 3^{2} = 1 + 3^{2}\\x^{2} - 6x + 9 = 1 + 9\\x^{2} - 6x + 9 = 10\\(x - 3)^{2} = 10\\REWRITINGx^{2} - 6x = 1 is equal (x -3)^{2} = 10\\[/tex]

I hope this help!

I don't know the second one ^-^

For a certain brand of tomato seeds, the seed package claims that it takes 87 days after planting for the tomato plants to produce fruit. Sarah, a botanist, wanted to know whether the mean number of days for the plants to produce fruit where she lives is different from 87 days. She planted 40 seeds and recorded the number of days for each plant to produce fruit. With all conditions for inference met, the hypothesis test was conducted at the significance level a = 0.05, and the test resulted in a p-value of 0.0752. ?
Which of the following is a correct conclusion?
A. Sarah has convincing statistical evidence to conclude that the population mean number of days for the plants to produce fruit is greater than 87 days.
B. Sarah has convincing statistical evidence to conclude that the population mean number of days for the plants to produce fruit is different from 87 days.
C. Sarah does not have convincing statistical evidence to conclude that the population mean number of days for the plants to produce fruit is greater than 87 days.
D. Sarah does not have convincing statistical evidence to conclude that the population mean number of days for the plants to produce fruit is different from 87 days.
E. Sarah does not have convincing statistical evidence to conclude that the population mean number of days for the plants to produce fruit is equal to 87 days.

Answers

Answer:

D. Sarah does not have convincing statistical evidence to conclude that the population mean number of days for the plants to produce fruit is different from 87 days.

Step-by-step explanation:

The population mean, μ is given as 87

This population value is used to state the Null hypothesis ;

H0 : μ = 87

The alternative hypothesis is the opposite of the Null ; and hence, claims that the mean is different from the population mean, μ ≠ 87

H1: μ ≠ 87

The Decison level :

When Pvalue < α ; We reject the Null otherwise we fail to reject the null

The given p and α value :

P-value = 0.0752

α = 0.05

0.075 > 0.05 ; Hence ;

Pvalue > α ; We fail to reject the Null

We can thus conclude that there is not enough evidence to conclude that the population mean number of days for the plants to produce fruit is different from 87 days.

The angle of elevation to the top of a Building in Seattle is found to be 5 degrees from the ground at a
distance of 1 mile from the base of the building. Using this information, find the height of the building.

Answers

Answer:

Height = 125 tan 6°

4^2•2^-3 =
2
1/2
-128

Answers

The answer is 2 because you multiply them both
4^2 = 16

2^-3 = 0.125

16 • 0.125 = 2

The answer is 2.

If you shift the linear parent function, f(x) = x, down 6 units, what is the
equation of the new function?

Answers

Answer:

f(x) = x - 6

Step-by-step explanation:

The original function would go through (0,0) since you shift the function down 6 units, it will go through (0,-6)

so, the equation of the line would be f(x) = x - 6

Which of the following points are solutions to the equation 3x - 4y - 8 = 12?
Select all that apply.
(0-5)
(82)
(-16-17)
(-1,-8)
(-40,-34)

Answers

Sorry I did it wrong.

Answer:

(0, -5) and (-16, -17)

Step-by-step explanation:

You can plug in the points into the function to test them.

(0, -5)

3(0) - 4(-5) - 8 = 12

20 - 8 = 12

12 = 12

(8, 2)

3(8) - 4(2) - 8 = 12

24 - 8 - 8 = 12

8 ≠ 12

(-16, -17)

3(-16) - 4(-17) - 8 = 12

-48 + 68 - 8 = 12

12 = 12

3(-1) - 4(-8) - 8 = 12

-3 + 32 - 8 = 12

21 ≠ 12

3(-40) - 4(-34) - 8 = 12

-120 + 136 - 8 = 12

8 ≠ 12

perimeter and area of a rectangular figure has a perimeter of 34cm its length is 9cm​

Answers

Answer:

Perimeter of rectangle = 32

Step-by-step explanation:

32 = 2(L+B)

L+B=16

B=16-L

B=16–9

B=7

AREA = L*B

AREA = 63sq.cm

Question 1 of 10
Using the graph below, select all statements that are true.
.
+10
O A. (5.1) = 5
OB. This graph is one-to-one.
C. f(0.6) = 0
D. This is the graph of the greatest integer function,
E. (-3.2) = -3
SUBMIT

Answers

Answer:

the answer is going to be b

What is 9X plus 2Y equals -14 in slope intercept form

Answers

Answer:

y = -9/2x-7

Step-by-step explanation:

9x+2y = -14

-9x          -9x

2y= -9x-14

/2        /2

y= -9/2x-7

Please help me with this questions

Answers

He messed up step 2 he added instead of multiplying

I need help asap again pls help me io needd help plzzzzzzzzzzzzzz

Answers

Answer: isosceles

equilateral is all sides are the same

scalene is all sides dif

isosceles is at least two sides the same

Answer: It’s isosceles big truzz

Jorge is standing at a horizontal distance 25 feet away from the base of a building his eyes level is 5.5 feet above the ground looking up at the angle of elevation of 65 he notices a window washer on the side of the building

Answers

Answer:

59.11 ft

Step-by-step explanation:

4
Acellus
Find the lateral area of this cone.
Leave your answer in terms of pie
4ft
3ft
LA = [ ? ] pie ft2
Hint: Lateral Area of a Cone = mre
Where l = slant height
Enter

Answers

Answer:12

Step-by-step explanation: I multiplied 3 times 4

The Lateral Surface Area of cone is 12  π  ft³

what is Lateral Surface area of Cone?

The lateral area of a cone is defined as the area covered by the curved surface of the cone. It is also called lateral surface area (LSA) or curved surface area (CSA) of a cone. A cone is a 3-D object which tapers smoothly from the flat circular base to a point. In other words, it is a shape formed by a set of line segments coming from the base that connects to a common point

example:

Find the lateral area of a cone having base radius of 21 units and height of 20 units. (Use π = 22/7)

Solution: Given that r = 21 units and h = 20 units

Thus, slant height of the cone, l = √(r2 + h2) = √(212 + 202) = √(441 + 400) = √841 = 29 units

We know, the lateral area of the cone = πrL

Lateral area of a cone = (22/7) × 21 × 29

= 22 × 3 × 29

= 1914 units2

Answer: The lateral surface area of the given cone is 1914 units2

Given:

l= 4 ft

r= 3 ft

Lateral area = πrl

Lateral area = π * 3 * 4

Lateral area = 12 π  ft³

Learn more about this concept here:

https://brainly.com/question/23720100

#SPJ2

PLEASE HURRY WILL MARK BRAINLEST
If the odds of being born on each day of
the week is equal, what is the probability
of two separate babies both being born
on a school day? (Monday through
Friday)

Answers

Answer:

1/25

Step-by-step explanation:

days in a week is 7

odds of being born on each 7 days is equal

x born = 7 days

pr(one separate baby) = 1 ÷ 5

pr(second separate baby) = 1 ÷ 5

pr(both being born on a school day) = 1/5 × 1/5

= 1/25

1
3
16
Which expression is equivalent to 3/64a6b7c9?
O zabo (V4a?b°c)
4a²b2c (VD
Baºbc* (V50
Ba?b%cº (PD)

Answers

Answer:

Step-by-step explanation:

The equivalent expression is,

⇒ 4a²b²c³ ∛b

What is an expression?

Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.

Given that;

The expression is,

⇒ ∛64a⁶b⁷c⁹

Now, We can simplify the expression as;

⇒ ∛64a⁶b⁷c⁹

⇒ ∛64a⁶b⁷c⁹

⇒ ∛4³ (a²)³ (b²)³ (b) (c³)³

⇒ 4a²b²c³ ∛b

Thus, The equivalent expression is,

⇒ 4a²b²c³ ∛b

Learn more about the mathematical expression visit:

brainly.com/question/1859113

#SPJ7

(PLSSSS HELP, MY FATE IS IN YOUR HANDS) Determine which three out of the six points shown below are a solution to the equation x-3y=22 Plot the three points that are in the solution set, draw a line through the three points and then answer the questions below.

Answers

Answer:

The required points are -

(-2,8), (7,5), (1,7)

What is the median?

2, 2, 1, 3, 5, 10, 2, 5

Answers

Answer:

The Miriam is 1,2,2,2,3,5,5,10

Step-by-step explanation:

Answer:

2.5

Step-by-step explanation:

arrange the numbers in assending order.

Plz help this is due today AND NO LINKS OR GROSS PICTURES OR I REPORT.

Answers

If there are two sides that are the same then it is an isosceles triangle since they have two equal sides. Hope this helped

Answer:

b- If two sides are perpendicular, then it is a right triangle. It can be isosceles or scalene. It cannot be equilateral because all the angles in an equilateral triangle are acute.

Step-by-step explanation:

An equilateral triangle has 3 equal sides and 3 congruent angles, each with an acute measure of 60 deg.

If two sides are perpendicular, they form a right angle, w/ measure of 90 deg. Therefore, cannot be equilateral.

30-60-90 triangles are quite common and useful in geometry... they are scalene and have 2 perpendicular sides.

45-45-90 triangles are isosceles and have 2 perpendicular sides.

Both are types of right triangles.

Can someone help me find the area of this shape.

Answers

Answer:

37 ft²

Step-by-step explanation:

The figure is composed of a triangle and a square

Therefore, area of the figure = area of the triangle + area of the square

= ½bh + s²

Where,

b = 1.5 + 4 + 1.5 = 7 ft

h = 6 ft

s = 4 ft

Plug in the values into the equation

Area of the figure = ½*7*6 + 4²

= 21 + 16

= 37 ft²

A certain television is advertised as a 90- inch Tv ( the diagonal length).

Answers

Answer:

The width is 64.3 inches

Step-by-step explanation:

Given

[tex]d = 90[/tex] --- diagonal

[tex]h = 63[/tex] --- height

Required

Determine the width (w) of the TV

To do this, we make use of Pythagoras theorem which is illustrated as:

[tex]d^2 = h^2 + w^2[/tex]

So, we have:

[tex]90^2 = 63^2 + w^2[/tex]

Evaluate all squares

[tex]8100 = 3969 + w^2[/tex]

Collect like terms

[tex]w^2 = 8100 - 3969[/tex]

[tex]w^2 = 4131[/tex]

Take positive square roots of both sides

[tex]w = \sqrt{4131[/tex]

[tex]w = 64.3[/tex] -- approximated

Find the Laplace Transform for 102​

Answers

Answer:

d'f(t) = 6cos 2t(2)+5sin 2t(2)

= 12cos 2t + 10sin 2t

Step-by-step explanation:

What is 32 divided by 4 to the second power plus 35-20 divided by 5

Answers

Because 32 divided by 4 = 8 to the 2nd power u multiply by 2 and get 16 + 35-20= 15 divided by 5? Equals 3

If anyone could help I would be so happy!

Answers

Answer: well i cant help... so dont be happy! :)

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