Question: 1) What is the change in productivity if inputs decrease by 6% and outputs decrease by 20% ? A. -79% B. 79% C. 21% D.

1) What is the change in productivity if inputs decrease by 6% and outputs decrease by 20% ?

A. -79%

B. 79%

C. 21%

D. -21%

2) A linear regression model that predicts sales is given as: Sales=150-5x(Price). which of the following can be said based on this model?

A. Setting the price at $10 will generate 50 units of sales.

B. To increase sales by 5 units, price should be reduced by $5

C. To increase sales by 1 units, price should be increased by $145

D. To increase sales by 5 units, price should be reduced by $1

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