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Author Question: You are given the following straight-line trend equation: Sales = 1,275 + 89.3t, where 1990 ... (Read 45 times)

rosent76

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on: Jul 1, 2018
You are given the following straight-line trend equation: Sales = 1,275 + 89.3t, where 1990 represents t = 1. Project sales for 2000.
 
  What will be an ideal response?

Question 2

Supporters of import restrictions and protectionist policies place greater weight on producer welfare than on consumer welfare. Comment.
 
  What will be an ideal response?


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Ahnyah

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Reply #1 on: Jul 1, 2018
Answer to Question 1

2,257.3

Answer to Question 2

Import restrictions increase the producer surplus of domestic producers. Consumer surplus, however, decreases by more than producers gain. Thus the statement seems to be correct.


rosent76

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

amynguyen1221

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Reply 3 on: Yesterday
:D TYSM

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