This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An estimated demand curve does NOT necessarily match actual data perfectly because A) it is not ... (Read 14 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jul 1, 2018
An estimated demand curve does NOT necessarily match actual data perfectly because
 
  A) it is not possible to accurately calculate the coefficients of the curve.
  B) some factors that are not measured or observed may affect the curve.
  C) the random error term has too large of a range.
  D) demand is unpredictable.

Question 2

Max has allocated 100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. Which of the following bundles are in Max's opportunity set?
 
  A) a, b, c
  B) b, d, e
  C) a, b, d
  D) None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amandanbreshears

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


dejastew

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jul 1, 2018
Correct answers!


amandanbreshears

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

The cladistic approach from molecular genetic data The cladistic approach from molecular genetic data
2006 Data:Top 25 Substances Involved in Human Exposures 2006 Data:Top 25 Substances Involved in Human Exposures
Electronic service information is available from aftermarket sources, such as All-Data and ... Electronic service information is available from aftermarket sources, such as All-Data and ...
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Dose-response curve with threshold Dose-response curve with threshold
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library