Calculate the Values of X and Y in the Following

question 4

Multiple Choice

Calculate the values of x and y in the following table.   $\begin{array} { | l | l | l | l | } \hline F _ { 1 } & d _ { 1 } & F _ { 2 } & d _ { 2 } \\\hline 27 \mathrm { lb } & 6 \text { in. } & x \mathrm { lb } & 2 \mathrm { in. } \\\hline y \mathrm { lb } & 4.2 \mathrm { in } . & 512.6 \mathrm { lb } & 4.4 \mathrm { in } . \\\hline\end{array}$

• A) x = 240, y = 537.0
• B) x = 8.1, y = 5,370.1
• C) x = 81, y = 537.0
• D) x = 80, y = 537.0
• E) x = 240, y = 1,074.0

---

Definitions:

Derived Demand

is the demand for a product or service that arises from the demand for another product or service, such as the demand for steel being driven by the demand for cars.

Capital Demand

The desire or need for capital goods, such as machinery and tools, that are used to produce other goods and services.

Product Demand

The desire and willingness of consumers to purchase a specific quantity of goods or services at various prices during a certain period.

Labor Demand Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor that employers are willing to hire, typically downward sloping.