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Q. Based on the production function parameter estimates reported:
a. Which industry (or industries) appears to exhibit decreasing returns to scale? (Ignore the issue of statistical significance.)
b. Which industry comes closest to exhibiting constant returns to scale?
c. In which industry will a given percentage increase in capital result in the largest percentage increase in output?
d. In what industry will a given percentage increase in production workers result in the largest percentage increase in output?
Suppose each of the five sellers can supply at most one unit of the good. Elucidate the price when market quantity supplied is exactly 3.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
A cousin of James Darwin, examined the relationship between the height of children and their parents
What would the' peso- dollar exchange rate be if purchasing-power parity holds? If a monetary expansion caused all prices in Mexico to double, so that soda rose.
Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States.
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
How would equal educational achievement and equal income.
If typographical errors occur andomly, about how many pagesin book have three typographical errors. What is the median number of typographical errors per page.
South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.
What performance % would you use to trigger executive bonuses for that year.
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