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NEW QUESTION: 1
The current price of wheat is $1.00 per bushel, and the price elasticity of demand for wheat is known to be 0.50. A bad harvest causes the supply of wheat to decrease, and as a result, the price of wheat rises by 20%. What will be the percentage change in the quantity demanded of wheat, and will farm revenues rise or fall?
A. 10%, fall
B. 20%, fall
C. 10%, rise
Answer: C
Explanation:
Elasticity of demand = (percentage change in quantity)/(percentage change in price). Thus, since elasticity is known to be 0.5, a 20% change in price must result in a 10% change in quantity demanded. Since demand is inelastic, a rise in price will cause total revenues to increase.

NEW QUESTION: 2
You are building a regression model tot estimating the number of calls during an event.
You need to determine whether the feature values achieve the conditions to build a Poisson regression model.
Which two conditions must the feature set contain? I ach correct answer presents part of the solution. NOTE:
Each correct selection is worth one point.
A. The label data mull be a positive value
B. The label data can be positive or negative,
C. The label data must be non discrete.
D. The data must be whole numbers.
E. The label data must be a negative value.
Answer: A,C

NEW QUESTION: 3
Wählen Sie für jede der folgenden Aussagen Ja aus, wenn die Aussage wahr ist. Andernfalls wählen Sie Nein. HINWEIS: Jede richtige Auswahl ist einen Punkt wert.

Answer:
Explanation: