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Bounds Inc. has determined through regression analysis that its sales (S) are a function of the amount ofadvertising in two different media.This is given by the following relationship (X=newspapers,Y=magazines):
S(X,Y) = 200X + 100Y - 10X2 - 20Y2 + 20XY
Find the level of newspaper and magazine advertising that maximizes the firm's sales.
Michelangelo's Awakening Slave and the Olmec Massive Stone Head are both good examples of this kind of sculpture
A consulting engineer's time is billed at $30 per hour, and her assistant's is billed at $20 per hour. A customer received a bill for $715 for a certain job. If the assistant worked 3 hours less than the engineer, how much time did each bill on th..
determine that the temperature of your distilled water is 24.5°C. You carefully determined the mass of a clean dry beaker and found that it was 58.1884 g.
What type of foliation results from the parallel alignment of abundant, course-grained, mica flakes in metamorphic rock?
It is argued that the prices of inputs to firms' production processes are fixed in the short run. One example of why this might be true is that some large firms enter into futures contracts forlarge deliveries of raw materials like wheat or lumber..
Determine the rate of heat transfer to the heat engine if both devices are reversible and all of the power output from the heat engine is used to supply the refrigerator
Though she has had sexual intercourse, 30-year-old, Mai, has never had an orgasm. Her physician has told her she has:
Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equilibrium, and that the price of each candy cane is $0.10. Now suppose that the price of sugar rises, increasing the margi..
what is possible regardless of what your starting point is in the process. Here is how I would use the information to drive quality improvement in my business even with a significant gap in performance.
A fossil fuel containing 84% C, 15% H and 1%S is burned with 20% excess air in a boiler. The stack gases are at 150 C. a) What is the concentration (ppm) of SO3 in the stack if equilibrium is established according to
Assume that a national restaurant firm called BBQ builds 20 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $300,000 of equipment and furnishings
Suppose that a new government is elected that wants tokeep out the poor. It declares that the minimum rent that can be charged is $2500 per month. If the government can enforce that price floor, will there be a surplus or ashortage? Of how many un..
Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation between the current equilibrium $/£ exchange rate and its expected future level? Suppose the expected future $/£ exchange ..
Assume a normal random variable x, with mean 100 and standard deviation 20. a. Find the probability that a randomly chosen value of x is less than 95. b. Find the probability that a randomly chosen value of x is between 60 and 100. c. Find the 95th p..
Now what will your price be? How much deadweight loss will your firm create?(d) After the election, you decide your firm is not making enough money. So you hire the lobbying firm C&E. C&E are able to convince regulators that you should set ..
Estimate simple linear regression models for both the raw data and the logs, estimating both the intercept and the slope.
Obtain standard errors of your estimates in part (a) using the Wild bootstrap with and using the bootstrap (with B = 9; 999) test H0 : 2 = 0 vs. H0 : 2 = 0 at the 5% level.
Suppose a farmer has some money of his own to invest in a better way to cultivate his land. Cultivation can be done using two techniques, both of which require an initial start-up capital of $200. The first technique is risk free and generates a..
Find and expression for capital per worker at the steady state e. Solve for the steady-state output per worker when d = 0.08 and the savings rate = 0.25 f. plot the steady state capital per worker as the savings rate goes from 0.05 to 0.50 in 0.05 in..
Solve the forecast model
Advertising can inform purchaser, but sellers must incur expenses to advertise. If so, advertising can result in higher prices to customers.
What output, price, and profit levels would prevail following expiration of the company's monopoly franchise assuming that vigorous competition evolves between the local cable TV company, voIP firms, and Big Phone, Inc. Assume that a long-run perf..
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