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The number of cell phones (CP) in the United States has been growing according to the following model CPt = CP0(1 + g)t where g is the growth rate and CP0 is the number of cell phones (in thousands) in 1995. After linearizing this model by a log transformation, we have ln CPt = ln CP0 + t ln(1 + g) and we obtain the following result as regression estimate ln CPt = 8.5 + 0.23t t = 1 for 1995
(a) What is the rate of growth of cell phones?
(b) What was the number of cell phones in use in the year 1995?
(c) Write the exponential equation and estimate the number of cell phones in use for the year 2012.
Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to reduce the inflation rate. Would the following conditions make the ensuing recession more or less severe.Wage contracts have short durations.
How much output should be produced in each plant to maximize profit?
A firm's target capital structure consists of 40 % debt, 5 % preferred stock, and 55 % common equity. The cost of preferred stock is 11.26%, the firm’s cost of debt is 10% and the cost of equity is 14 %. What is the firm's weighted average cost of ca..
Suppose demand is given by QD = 100 – P and supply QS = P. If sellers pay a tax equal to 10, what is the after-tax supply? Compute the before-tax equilibrium price and quantity, the after-tax equilibrium quantity, and buyer’s price and seller’s price..
E-Commerce to a certain extent are comprised of the same business models as traditional or brick and mortar businesses. One thing an entrepreneur must understand is how their business will earn money...ie a Revenue Model.
Dependency” theorists believe that moving surplus labor from agriculture to industry where that labor will earn profits that can be reinvested for further growth is the key.
question 1. libertyville has two optometrists dr. smith s and dr. jones s. each optometrist can choose to advertise his
Which of the following will not produce an outward shift of the production possibilities curve. reduction in unemployment rate.
marsh company has other operating expenses of 240000. there has been an increase in prepaid expenses of 16000 during
1) PowerSki uses to transmit design changes to suppliers of the 340 components that make up the Jetboard. association software collaboration software design software alliance software 2) Following basically the same process that you'd use to buy a ..
Include a brief explanation of each choice and indicate whether you were very sure of your choice or whether you thought the classification depends on how the market is defined. Write a classifying each of the following industries into the appropriat..
question linear programmingcomplete the linear programming matrix at the end of the question with the appropriate
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