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Are earnings subject to ethnic discrimination? Using your EAEF data set, regress LGEARN on S, ASVABC, MALE, ETHHISP and ETHBLACK .Interpret the regression results and perform t tests on the coefficients.
In 2008, the per capita consumption of coffee in the United States was reported to be 4.2 kg, or 9.24 pounds. Assume that the per capita consumption of coffee in the United States is approxi- mately distributed as a normal random variable.
an economy has an unemployment rate of4 percent and an inflation rate of 5 percent a year at point A on a graph. Some events occur that move the economy in a clockwise loop from A to B to D to C and back to A.
The slope of the demand curve is $0.001 per million miles: For each $0.001 decrease in the price of taxi service, the quantity demanded increases by one million miles.
Explain how the exchange rate acts as an automatic stabilizer in an economy with flexible exchange rates.
If half the banks in the nation borrow additional reserves totaling $10 million at the Fed discount window, and at the same time the other half of the banks reduce their excess reserves by a total of $10 million, what is likely to happen to the mo..
Stocks as at December 31, 2011 were as follows: Direct raw materials, $4,500,000; Work-in-progress, $4,000,000; Finished goods, $4,500,000; Indirect raw materials, $2,000,000
Suppose the consumer has $100 to spend on consumptionnow (c1) or consumption next year (c2). Any money not spent now can be deposited in a bank account, accumulating interest at an annual rate of 10%, and then withdrawn for spending next year. The..
Bygrave forecasts incremental annual sales revenue of $940,000. Similarly, Bygrave expects total variable costs to increase by $500,000, and total fixed costs to increase by $80,000. Bygrave's marginal tax rate is 39%.
Suppose that a consumer has an income of $24and a utility function given by: U = 2*log(x) + log(y). The priceof x is $2 and the price of y is $2. A) Write down the Lagrangean for this consumer's maximization problem.
online educators oe a not-for-profit firm exempt from taxes is considering replacement of some electronic equipment
Verify that Theorem 7.14 from Chapter 7 can be applied to the social planner's problem in Section 13.1.
A new machine is to be purchased for $150,000. The company believes it will generate $60,000 annually in revenue due to the purchase of this machine. The company will have to train an operator to run this machine.
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