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Q. 696.7 is intercept of regression line. It determines overall level of line. B. standard error of regression (THESER) is 624.1. What are units of measurement for THESER? THESER is in same units as dependent variable (Y, or AWE in this example). Thus THESER is measures in dollars per week. C. regression R2 is .023. What are units of measurement for R2? R2 is unit free. D. What is regression's predicted earnings for a 25 year old worker? A 45 year old worker?
Assume that health production is subject to diminishing returns and that each unit of health care employed entails a constant rate of iatrogenic (medically caused) disease. Would product of health function eventually bend downward
Compute the opportunity costs of going to each concert. Based on the Cost-Benefit Principle, which concert is the best choice.
Assume the farmer buys insurance that pays 3$ if it doesn't rain but costs 2$. Illustrate what is their consumption when it rains.
Suppose the dollar exchange rates of the euro and the yen are equally variable. Which currency, the euro or the yen, would you consider riskier.
What is the impact of the shrinking world on whether small to medium sized businesses should engage in international trade.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Elucidate how absolute also comparative advantages were used in your simulation. Elucidate the influences affecting foreign exchange rates.
If income rises from 1000 to 1800 and consumption rises from 1100 to 1700 the marginal propensity to save.
Explain what percentage change in the price of each of the three goods. Using a method similar to the consumer price index, compute the percentage change in the overall price level.
Compute the current yield, the coupon rate, and the yield to maturity if the bond is puchased for $940.
Describe the point at which diminishing returns occur. Indicate the points that delineate the three stages of production.
Using the utility maximization rule as your point of reference elucidate the income also substitution effects of an increase in the price of a product with no change in the other product.
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