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. 👍
  2. 👎
  3. 👁

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. 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. 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

  4. Chemistry Pretest

    Fe can be prepared as 2 Al + Fe2O3 ----> 2 Fe + Al2O3. Suppose that 0.450 moles of Fe2O3 are reacted with an excess of Al. Suppose that 43.6 grams of Fe are obtained. What is the percent yield of Fe? a) 16.2% b) 60.7% c) 86.7% d)

  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. 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

  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. accounting

    The standard amount of materials required to make one unit of Product Q is 4 pounds. Tusa's static budget showed a planned production of 4,000 units. During the period the company actually produced 4,100 units of product. The

  1. Accounting

    Please explain I'm so lost Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows. Month Units April 2,550 May 2,475 June 2,390 The target ending inventory of finished products is as follows. March 31

  2. Accounting for Managers

    Question 11 of 20 5.0 Points Which of the following accurately describes a difference between job order and process costing systems? A. In job order costing systems, overhead costs are treated as product costs, whereas in process

  3. 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

  4. Algebra

    a factory can produce two products, x and y with a profit approximated by P=14x+22y-900. the production of y can exceed x by no more than 100 units moreover production levels are limited by the formula x+2y,+1,400. what production

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