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5.38. Winning marathon times. Chance (Winter 2000) published a study of men's and women's winning times in the Boston Marathon. The researchers built a model for predicting winning time (y) of the marathon as a function of year (x1) in which the race is run and gender (x2) of the winning runner. Classify each variable in the model as quantitative or qualitative.
5.39. Snow goose feeding trial. Writing in the Journal of Applied Ecology (Vol. 32, 1995), botanists used multiple regression to model the weight change (y) of a baby snow goose subjected to a feeding trial. Three independent variables measured are listed below. Classify each as quantitative or qualitative.
(a) Diet type (plant or duck chow)
(b) Digestion ef?ciency (percentage)
(c) Amount of acid-?ber detergent added to diet (percentage)
A perfectly competitive firm faces a market price of $10 for its output X. It owns two plants A and B whose total costs are: TCA = 10 + 2X + .25X2 TCB = 15 + .4X + .1X2 = 15 +4 + 10 How many units should each plant produce to maximize profit at that ..
CrystalWater Pty Ltd and ClearWater Pty Ltd are the only producers of spring water in the local market. The market demand for spring water is given by P = 70 - Q1 - Q2. CrystalWater and ClearWater compete by choosing quantities Q1 and Q2
Would the combined measures be likely to have any effect on the person's consumption of cigarettes?Why or why not?
The following Cobb-Douglas production function is used to describe the output generated by a local government maintenance agency. Q = L1K2E3 Where L represents number of worker hours, K represents number of trucks used, and E represents energy use..
antonios utility function for the goods x and y is uxy 2 sqrtx y .a. what is the mrsxy? what is
What determines the classification of the industry? How does this affect the pattern of international trade?
Suppose the price of a Cup O' Soup now rises to $2. Using your diagram from part (a), show the consequences of this change in price. Assume that our student now spends only 30 percent of his income on dining hall meals. Label the new optimum as po..
Price of copper plunges 5.6 % after hope for a quick resolution to Europe's debt crisis faded. Investors are concerned that signs of slower growth in Europe, the US and china could weaken for the industrial metal.
Suppose that a perfectly competitive consant cost industry if initially in short and long-run equilibrium. In general, what will be the effect of an increase of $10 per uni in varialbe coss on he short-run equilibrium price, the short-run industry..
The retailer, in turn, brings in $160,000 from selling the bulbs directly to final customers. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year
What if you know that only 50 million tickets have been sold. Explain why, if people tend to use their childrens' birthdays when selecting numbers to play on the "Pick Three" lottery, you might be better off using the last six digits of your Socia..
TC=200+6Q+0.5Q^2 MC=MTC/MQ=6+1Q at profit max, Q=12 and P=36 calculate output, price and economic profit (show how you get there) and point price elasticity of demand.
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