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In order to answer the questions, you will have to analyse the datasetattached via usingGRETL or other statistic software.
The data are a small selection of international indicators collated by the World Bank. A detailed description of each variable is available in the data file by clicking on Data > Read info(orData > Dataset info, depending on thegretlversion you have).
. Write down the model that you have estimated and its estimated coefficients.
Taskasksto estimate the relationship between life expectancy and income per person.
Questions 1, 2 and 3 ask to explore the data using charts and descriptive statistics. Make sure you read the questions carefully to decide which variable to put in the Y-axis (the dependent variable) and in the X-axis (the independent variable).
Questions 4 and 5 ask you to estimate two regression equations that model the relation between life expectancy and income per person, and to interpret, and in question5, to compare the results.
How would government react to sudden, large changes in the price of a key commodity, such as gasoline, electricity, or prices on stocks on the New York Stock Exchange?
Explain how a item might evolve from one market structure to another and what that means as to the value, competition and number for companies producing that product.
Prepare a brief paper defining direct and indirect channels of distribution. Discuss what are the key advantages and disadvantages of each channel for your company?
Analyze how production and cost functions in the short run and long run affect the strategy of individual firms and use technology and information resources to research issues in managerial economics and globalization.
Find out the socially efficient price, units of output and profits? How much output would a monopoly produce? Find out the price and profits of the monopolist?
Do you think that NAFTA has forced the US economy to reallocate its resources to more capital intensive goods? If so, what would be the long term impact on economic growth?
What is the total product function for Dimex? The average product function? The marginal product function?
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
Research the elasticity of beef and eggs in regards to price changes. How do supply, demand, and price control interact to affect the equilibrium price of eggs How do these factors differ in impacting the price of beef
One additional advantage Microsoft has is its ability to create a variety of Vista products, some of which have more features than others. Does it make sense for Microsoft to differentiate its product into basic and ultimate Vista editions
Your local government needs to increase tax revenue. To increase tax revenue it can either increase the property tax on residential property or increase the property tax on all property. The government wants to impose the smallest excess burden po..
1. a firm has the following production functionq lk.the firm wants to produce a target output level of q200. the
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