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1. Despite the positive correlation coefficient between A and B, the regression of A on B has a negative slope. Could this situation occur? Explain why or why not.
2. In an analysis of the SAT data, 1,000 is mistakenly added to every math score. For example, a Math score of 650 becomes 1650. What impact will this have on the slope coefficient in a bivariate regression of Math SAT on Verbal SAT as compared with the slope coefficient from the same biavariate regression using the original correct data? What impact will this mistake have on the slope coefficient in the regression of Verbal SAT on Math SAT? Explain your reasoning.
a. Explain the relationship between the law of diminishing marginal returns and the shape of a firm's marginal cost curve b. The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero.
Select 6-10 indicators that are of particular relevance to your firm and explain why. Next, outline a strategy for how the firm should respond to the information provided by the economic indicators with the goal of maximizing revenues in the years..
Forecasting collect data using techniques of estimating demand functions in an attempt to forecast sales and prices.
Find out the own price elasticity of demand and state whether demand is elastic, inelastic or unitary elastic. Determine the income elasticity of demand state whether good X is normal or inferior
The distinction between safety and health is based on the distinction between _______. Employers can defend themselves from responsibility for a workplace accident by claiming that _______. The requirement of truthful labeling is an instance of the m..
What are the major aspects of TPP? Discuss the pros and cons of TPP.
The 3-central coordination di fficulties any economic system must solve are, If at some value the quantity supplied exceeds the quantity demanded, then:
in order to estimate the difference between the average daily sales of two branches of a department store the following
A firm has the following total cost function TC(Q) = Q3- 24Q2+ 200Q + 500 - What is this firm's fixed cost?
She tells her friend that the additional utility she would get from the second pair of sneakers is the same as the additional utility she would get from the fifth sweater.
choose and research a specific business that is publicly traded where there has been a pattern of change in a
The long-run supply curve for a good is a horizontal line at a price $3 per unit of the good. The demand curve for the good is QD = 50-2P. then what is the equilibrium output of the good.
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