economics

Suppose you have two products x and y. the actual production for a given period was 20 units of X and 250 of Y. What can you infer from this information.



The demand for Y is probably higher than the demand for X.

You can also generate many other mathematical models.


No

You cant infer anything about X and Y given that you only know the production levels. Now then, if you also knew, say, the prices of X and Y, or the costs of producing x and y, then you could say something.

  1. 👍 0
  2. 👎 0
  3. 👁 149

Respond to this Question

First Name

Your Response

Similar Questions

  1. Social Studies

    1. What are the three types of productive resources? Select all that apply. (3 points) the raw materials provided by the planet the planning and work that go into production the markets that sell the results of production the

  2. accounting

    Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 38,000 direct labor-hours would be required for the period’s estimated level of

  3. World History

    Which accurately describes a scientific innovation of the Renaissance and its impact? The Bessemer method increased the production of steel and led to growth of cities. The cotton gin increased the speed of production for products

  4. math

    The table shows the average production data for three products over the last month. The difference between the costs and the sale price is the company profit for one unit. If a new production method allows the labor costs of

  1. Economics

    What are the three types of productive resources? Select all that apply. A. the raw materials provided by the planet B. the planning and work that go into production C. the markets that sell the results of production D. the social

  2. math

    A factory can produce two products, x and y, with a profit approximated by P = I think it's b but I'm not really sure. Can someone show me how to do this or let me check my answer? :) 14x + 22y – 900. The production of y can

  3. accounting

    Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 20,000 direct labor-hours would be required for the period? estimated level of

  4. Accounting

    Department S had no work in process at the beginning of the period , 18,000 units were started during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the

  1. math

    A map distance of 5 inches represents 200 miles of actual distance. Suppose the distance between two cities on the map is 7 inches. What is the actual distance between the two cities? Write the rule you used to find the actual

  2. Mathematics in Economy

    A firm produces two different kinds A and B of a commodity. The daily cost of producing x units of A and y units of B is C(x,y) = 0.04x2 + 0.01xy + 0.01y2 +4x + 2y +500 Suppose that firm sells all its output at a price per unit of

  3. SS

    1. What are the three types of productive resources? Select all that apply. (3 points) the raw materials provided by the planet the planning and work that go into production the markets that sell the results of production the

  4. buisness

    I need help please: Because Saudi Arabia and Australia have ____ in production of crude oil and petroleum products and wool respectively, Saudi Arabia can specialize in the production of crude oil and petroleum products, and

You can view more similar questions or ask a new question.