Sometimes food is produced in other countries that do not have the same level of chemical safety as in the US. This imported food is less expensive, but the people who eat it may consume less-expensive, more dangerous chemicals. Selling food that is laden with chemicals that are prohibited in the US at a cheaper price is:(A) affordable food creates an external benefit rather than an external cost-in-t case.(B) a good way to keep the powerful-US- food industry competitive.(C) chemical-food-safety-on imported food is an externality in this market, since producers in countries with fewer and less expensive regulations-do-not-bear costs of consuming the chemical hazards of this food.(D) a reasonable way to lower the cost of food.

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct