Business, 26.10.2021 20:50 chrissyg76

John obtains the following demand model for beef Q =9274.145–358.124P using a data set of 120 observations, where Q is measured in pounds and P is measured in dollars per pound. We change the measurement of quantity from pounds to thousand pounds; we also change the measurement of price from dollars per pound to dollars per thousand pounds. For example, if Q used to be 200 (which means 200 pounds), now it is 0.2 (which means 0.2 thousand pounds); if P used to 5 (which means 5 dollars per pound), now it is 5000 (which means 5000 dollars per thousand pounds). If we re-estimate the model using the same data except the above changes, what is the new slope? a. - 0.358
b. - 358.124
c. - 3.581
d. - 358124
e. - 0.000358

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:40, tonya3498

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false

Answers: 3

continue

Business, 22.06.2019 09:50, anonymous777739

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

Answers: 1

continue

Business, 22.06.2019 15:50, fireemblam101ovu1gt

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Answers: 1

continue

Business, 22.06.2019 19:50, leannamat2106

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)

Answers: 2

continue

You know the right answer?

John obtains the following demand model for beef Q =9274.145–358.124P using a data set of 120 observ...