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Important information about Regression anaylsis
1. Suppose
QD= 60 - 50PC
QS= -66 + 90PC
(a) Calculate the equilibrium price and quantity.
2. Interpret the results: of the following
Mutiple R 0.980R square 0.961Adjusted R square 0.952Standard error 5.255Observations 12.000
(i) determine significance of the model; (ii) determine significance of individual coefficients; (iii) compute elasticities; and (iv) interpret them.
Consider the following Solow model of growth. Both population and work force grow at the rate of n=1% per year in a closed economy.
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If the minimum salaries is set above the equilibrium salary, does this make a shortage or a surplus of labor, or does it create a lower wage rate
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Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
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Consider a firm selling two different products at two different plants. The cost function for both plants is given by C (q 1 , q 2 ) = q 1 2 + αq 1 q 2 + q 2 2 .
As a manager of chain of movie theatres which are monopolies in their respective markets-Devise a pricing strategy to maximize your firm's profits.
If increased government spending and tax cuts were equally effective in stimulating aggregate demand, which fiscal tool would you select? Why?
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