What would be the estimated value for the average increase

Assignment Help Macroeconomics
Reference no: EM13335651

You regress income (Y) on years of education (X) and get the following result:

Y = 20000 + 4000X. What would be the estimated value for the average increase in income from going to college for four years versus going to work directly out of high school?

Reference no: EM13335651

Questions Cloud

Find how much cash will have accumulated by age 65 : if an individual places $4000 per year into a Roth individual retirement account beginning at age of 35, how much cash will have accumulated by age 65 if 8% interest is earned each year
Two major world legal system : To get started on your investigation into the international business community in conjunction with the various legal ramifications and laws, identify the two primary categories of law: the common and civil law systems. Focusing on the common and civi..
What is the annual income provided at interest rate : If a person has $500,000 in cash values available at the age of 65 and has option of receiving an income annuity for 20 years, what is the annual income provided if a 3% interest rate is used
Explain oxygen o2 measured at stp : In the following reaction, what mass of mercury(II) oxide, HgO, would be required to produce 473 L of oxygen, O2, measured at STP
What would be the estimated value for the average increase : Y = 20000 + 4000X. What would be the estimated value for the average increase in income from going to college for four years versus going to work directly out of high school?
How much cash will have accumulated by age 65 : If an invdividual places $5000 per year into an individual retirement account beginning at age 25, how much cash will have accumulated by age 65 if 9% interest is earned each year
Discuss the impact of good and poor communication : Discuss the impact of good and poor communication on the organisation?
Explain how many moles of gas are in the sample : If an ideal gas has a pressure of 8.79 atm, a temperature of 19.18 °C, and has a volume of 19.91 L, how many moles of gas are in the sample
Determine what will the cash flows for the project be : Variable costs amount to $205 per unit and fixed costs are $100,000 per year. The project requires an initial investment of $153,000 in assets, which will be depreciated straight-line to zero over the 3-year project life.

Reviews

Write a Review

Macroeconomics Questions & Answers

  The company stated goals- the member-countries

The solution mentions the OPEC Oil Cartel, the company's stated goals, the member-countries, and when it was founded. Their role in keeping oil prices high, and the difficulties they faced in keeping the cartel united.

  Assume first that apple were to sell optimal price

Assume first that Apple were to sell only 4GB iPods after all,they cost the same and some consumers prefer more than less. What is the optimal price for a 4GB iPod.

  Suppose that a fall in consumer spending causes a recession

Suppose that a fall in consumer spending causes a recession. a. Illustrate the changes in the economy using both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram

  Impact of foreign economic aid from rich countries

Discuss the impact of foreign economic aid from rich countries to LDCs and should developing nations continue to seek such aid?

  Contrast the monopolist and the monopolistic firm

Compare and contrast the monopolist and the monopolistic firm Monopolistic competition is an inefficient form of organisation. Discuss

  Given the industry''s concern that workers shirk

Given the industry's concern that workers shirk, they start employee at $10 and increase the pay by $0.40 each year they are on the job.

  The bureau of economic analysis has been hit by the flu

The Bureau of Economic Analysis has been hit by the flu; consequently, it has been slow in getting out data on economic performance. A recession is developing, but nobody knows it yet. This delay is an example of

  Fed policy may not have much of an effect on the rate of

Under certain circumstances, expansionary Fed policy may not have much of an effect on the rate of economic growth. Give a reason why, and explain?

  Calculate the total revenue at the profit maximizing level

The total costs of a firm under perfect competition is given by the equation TC = 5,000 + 4Q + 2Q^2 and the market price is $100 per unit.

  Find out optimal consumption level of video games

Find out optimal consumption level of video games and burritos that maximizes total utility.

  Impulse response function

An increase in TFP leads to an outwards shift in labor demand (recall this from our firm analysis unit), which, as long as the upward-sloping labor supply function does not shift, leads to an increase in the real wage.

  Covered interest rate arbitrage and purchasing power parity

Explain how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd