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- Please explain to me what every different variable means in this questionPlease explain two principal variables that have determined the commodification by giving examples.Question 5 > Recall the fact that 1 feet = 12 inches. Conversion factors are fractions of value 1 that we use to convert units from one measurement to another. 1 feet = 12 inches gives rise to two conversion factors, 1 feet 12 inches and 12 inches 1 feet Use a conversion factor to convert feet to inches. Enter your answer as an integer or a reduced fraction. 1 feet inches
- Explain the economic meaning of the ? matrix and ? vectorIn economics, what does the term ceteris paribus mean when analyzing the relationship between two variables? A. All other things being equal or held constant B. The direct relationship between two variables C. The inverse relationship between two variables D. The absence of any relationship between two variablesExplain the relationship between these two formulas: Y = C + I + G + EX – IM S = (Y – T – C) + (T – G)
- Randolph is taking three courses this semester: economics, statistics, and finance. He has decided to spend 20 hours per week studying (in addition to attending all his classes) and his objective is to maximize his average grade, which means maximizing the total of his grades in the three courses. The table shows Randolph's estimate of the relation between time spend studying and his grade for each course. Hours of study 4 5 6 7 8 9 10 Grade in: Economics Statistics 63 54 64 72 79 Multiple Choice 85 88 90 92 72 78 83 87 89 Finance 68 76 82 87 90 93 95 Based on the information in the table, how should Randolph allocate his time? 7 hours economics, 7 hours statistics, 6 hours finance 6 hours economics, 6 hours statistics, 8 hours financeThe graph says: Clothing (units per 16 week) 14 12 10 1 2 3 4 5 Food (units per week) You are willing to give up 6 units of clothing to get the first unit of food You are willing to give up 4 units of clothing to get the third unit of food You are willing to give up 1 unit of clothing to get the fourth unit of food You are willing to give up 2 unit of clothing to get the fifth unit of food You are willing to give up 6 units of clothing to get the third unit of foodA food truck vendor averages 150 tacos sold when the price per taco is $4. A study shows that the average number of tacos sold will increase by 25 facos for every $1 that the price per taco is lowered. Which equation models the food truck's average sales in dollars, s, in terms of the price per taco, x ? A 325x + 250 3 = - 25x + 250 3 = 25x + 250x 3 = - 25x + 250x P Type here to search 315 P 1/28/20 Esc Delete CD & 2 8 Backspace Num Lock R T. Y P Home D K L Enter Z. B Shift End Alt Pgup Alt Ctrl Home PgDn End deapad S rivacy Shutter on Webcam Delivery