Economic Systems Continuum Activity: Group Response Sheet Group Members: 1. United KingdomDescribe location on continuum Explain your reasoning 2. GermanyDescribe location on continuum Explain your reasoning 3. RussiaDescribe location on continuum Lei'Lani Jackson, Kimora Broughton, Kennedy Cooper and London Peters It is on the market side of the continum Explain your reasoning 4. AustraliaDescribe location on continuum Explain your reasoning 5. CubaDescribe location on continuum Explain your reasoning 6. BrazilDescribe location on continuum Explain your reasoning 7. CanadaDescribe location on continuum Explain your reasoning Amswers

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively