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Regress LGEARN on S, ASVABC, MALE, ETHHISP and ETHBLACK using your EAEF data set. Repeat the regression, adding SIBLINGS. Calculate the correlations between SIBLINGS and the other explanatory variables. Compare the results of the two regressions.
If the income elasticity of money demand is 0.6 and the interest elasticity of money demand is -0.1, by what percent does money demand rise if income rises 5% and the nominal interest rate rises from 5% to 6%
There are 80 firms in the industry. The cost function of individual firm is T = 100 + 4q + 4q2. Demand function is Q = 1040 - 10P. Find the equilibrium price and quantity for the short-run. How many firms will exist in this industry in the long ru..
Suppose capital is fixed at 16 units. If the firm can sell its output at a price of $100 per unit and can hire labor at $25 per unit, how many units of labor should the firm hire in order to maximize profits?
a) Use exponential smoothing with a smoothing constant of .6 to produce forecasts from the data. Use 2500 as your forecast of demand for week 2. b) Use exponential smoothing with a smoothing constant of .3 to produce forecasts from the data. Use ..
Do you have any experience in the integration of existing code?
Compare the performance of the two bonds in the two scenarios, one involving an increase in rates, the other a decrease. Based on the comparative investment performance, explain the attraction of convexity.
why does it usually first experience increasing returns to scale?
what are the optimal markups for widgets and gadgets Marginal revenue = Price(1 + 1/Price elasticity) since price is positive (always) so we can ignore that part when determining the sign of MR MR is negative if 1+1/elasticity is negative and positiv..
If a random sample of 400 customers is selected, what is the probability of Type I error using this decision rule?
The price elasticity of demand for gasoline in the short run has been estimated to be -0.1. If a war in the Middle East causes the price of oil (from which gasoline is made) to increase, how will that affect total expenditures on gasoline in the s..
Propose how differences in demand and elasticity lead managers to develop various pricing strategies.
What will be the total output produced in the Cournot duopoly game? [Hint: you can either derive the reaction functions and solve them, or use the formula from Section 10.6 of the chapter.]
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