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 56 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?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Pocket gophers and ecosystem structure (data from Huntly and Inouye 1988). Pocket gophers and ecosystem structure (data from Huntly and Inouye 1988).
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Data for Calculating Productivity Growth in Erewhon Data for Calculating Productivity Growth in Erewhon
Chi-Square Analysis of Mendel’s Trihybrid-Cross Data Chi-Square Analysis of Mendel’s Trihybrid-Cross Data
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library