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Suppose that classical least squares assumptions apply and the true value of intercept term or is 0 in following model: yi=alpha + beta xi + epsilon i, Now estimate this model with and without an intercept term and compare the variance of the estimator of the slope term.
If consumption and government purchases go up, what happens to GDP in the long run. Show this graphically.
the first automobiles were built in 1901, they were manufactured by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production.
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Why do 20-years bonds issued by the US government have lower rates of return than 20-year bonds issued by corporations?
Explain why PC is likely to be related to parent's income. Would parent's income be a good Instrumental Variable for PC?
Elucidate the equilibrium price and equilibrium quantity. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price.
Similarities in the definitions of management quoted from authors of management textbooks
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
derive and graph the equation characterizing the firms average revence curve. Calculate the level of output to that maximizes total profit. Also calculate the resulting profit.
Explain how many ships should be produced month if world chip costs are $62 per chips. Forecast the HSE's profit at this output level.
In Managerial Economics, Applications, Strategy, and Tactics, if contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behaviour
What is the effective interest rate of an investment if the nominal annual interest rate is 4.67% and it is compounded semi-annually? Express your answer as a percent to two decimal places.
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