Q: what are the factors that contribute to econmic grow
A: Economic growth is the quantity aspect of the economy. An economy's growth is directly related to th...
Q: The application of data analytics to microeconomics could a) improve a firm's decision-making as i...
A: Microeconomics: It is the study of an individual firm, individual consumer decision regarding the us...
Q: how price system affects the Industries pricing products and Services
A: Elasticity of demand and elasticity of supply are two things that affect the pricing for goods and s...
Q: The price p (in dollars) and the quantity q sold of a certain product obey the demand equation q − ...
A: Please find the answer below.
Q: You are an accountant for a manufacturer of radios. The demand function for the tablets is P = 40 – ...
A: demand P = 40-4x² X number. of tablets produced in millions. Revenue R(x)= Px
Q: 14. A lemon-growing cartel consists of four orchards. Their total cost functions are: TC, = 20 + 50 ...
A: Sorry, as per the rules we do not provide hand written solutions. We calculate the TC from the Cost ...
Q: Using the table below indicate which firm has (i) diseconomies of scale and (ii) constant returns to...
A: Increasing Return to Scale: An increase in the output is proportionally higher than the increase in ...
Q: Your neighbors pay annual dues to a neighborhood association. This association refunds neighborhood ...
A: Externalities mean uncompensated economic effects of production and consumption that affect consumer...
Q: Which of the following people would be considered frictionally unemployed? Select an answer and subm...
A: Meaning of Full Employment: The term full employment refers to the situation under which all the w...
Q: Arbitrage trading strategy implies that O Arbitrage opportunities will continue to exist in equilibr...
A: A trading strategy is a method for making systematic purchases and sales of securities. A trading st...
Q: A company is evaluating four appliances to choose the best from an economic point of view. The usefu...
A: Given MARR = 15 % time of each appliance = 10 years
Q: what are the changes in deposits, currency holdings and money stock for an open market sale of $1,00...
A: We need to find out the impact of an open market sale of $1,00,000 on Deposits Currency holdings Mo...
Q: Consumption Expenditures In Keynesian macroeconomic theory, total consump- tion expenditure on goods...
A: Consumption Expenditure The Household spending on the goods and services, excluding new dwellings, i...
Q: Calculate the Cross-Price Elasticity of the following goods and say whether they are compliment's or...
A: The cross-price elasticity of demand can be measured by the following formula mentioned below: Cross...
Q: STOP UK ARMS EXPORT TO SAUDI UAE DICTATORSHIPS Source: Shutterstock In Great Britain, protesters obj...
A: a. The conflict in Yemen has brought to light the United Kingdom's arms sales to Saudi Arabia. Durin...
Q: 4) Suppose that we have the following data for Amazon operations in the US: Sales $469.8B $365.6B Co...
A: GDP of country by the production approach is calculated by with the help of Production and Intermedi...
Q: A competitive industry consists of 100 identical firms. The short run cost function of each firm is ...
A: Cost curve refers to the curve that shows the different levels of expenses that firms or producers i...
Q: If the depreciation rate increases from 5% to 10%, it will ___ in the long run. decrease the level ...
A: A decrease the level of output Due to the decrease in the depreciation rate it would likely be an im...
Q: P Question 3 Suppose that the market for a children's book is given by the following demand and supp...
A: Note: You have uploaded more than one question at a time. Hence, we shall solve only the first one f...
Q: In the Heckscher-Ohlin model the factor that a country is abundant in will gain from trade, i.e. its...
A: The Heckscher-Ohlin model suggests that countries export what they are best at producing in economic...
Q: What does "Global poverty is a harm inflicted by the global economy" mean?
A: Economic growth is the principle channel through which globalization can affect poverty. Any Global ...
Q: A U.S. electronics firm is considering moving its production abroad. Its production function is 0.6„...
A: q=L0.6K0.4 ------>Production function: At optimal point of production: (MPL / MPK) = (w/r) => ...
Q: In the specific model with two consumption goods and labour (mobile) and land and capital (specific ...
A: The specific factors model is a short-run model in which the capital and land inputs are fixed but t...
Q: (KEY QUESTION) Consider the following strategic interaction between two Australia telecommuncation c...
A: In many problems, decision-making is required in a competitive situation where there are two or more...
Q: The figure on the right displays a simplified consumption function. Which of the following expressio...
A: The consumption function shows the relationship between income and consumption in the economy. It is...
Q: Consider Figure 1 below: Supply 3,000 2,000 1,000 600 Demand 100 300 600 Q Figure 1: Rent Control Su...
A: Due to the rent control policy, change in SS can be measured through the following method: ∆SS = 12(...
Q: Adam operates a small shop specializing in party favors. He owns the build- ing and supplies all of ...
A: The Accounting profit are the profits that are calculated by deducting the Total explicit cost from ...
Q: What is the meaning of minimum efficient scale? a. The minimum plant size where constant returns to ...
A: Minimum efficient scale refers to the smallest output that a firm is able to produce when long run c...
Q: Country Alpha has an adult population of 200 million citizens. The population under age 16 is 35 mil...
A: Given, In Country Alpha Adult Population = 200 million Underage Population = 35 million Not in Labor...
Q: The demand for money curve shown in the accompanying figure becomes horizontal when the interest rat...
A: Money demand curve shows an inverse relationship between interest-rate and quantity of money.
Q: Angel started to work in 2001 with an annual salary of £20,500. She received a £1100 raise each year...
A: Angel started to work in 2001 with an annual salary of £20,500. She received an £1100 raise each yea...
Q: Suppose Adam has utility function UA (X1, x2) = xy and Bob has utility function UB (X1, X2) = xx2 To...
A: Given Adam utility function: UA(x1,x2)=xy Bob utility function: UB(x1,x2)=x12x2 Initial endowments...
Q: If Mexico subsidizes its textiles, making it impossible for U.S. producers to compete, O None of the...
A: If the Mexican cloth is cheaper purchasing it from Mexico ate a cheap price will result in gain in ...
Q: Question 24 One of the roles of the Fed is to Collect taxes Propose the budget Balance the federal b...
A:
Q: price. What is value of the index for a perfectly competitive firm?
A:
Q: In today’s economy, it’s harder for workers to get promoted. In 2006, it took an average of 2 ½ year...
A: Generally, inflation and unemployment are major pain points for everyone, producers and consumers al...
Q: For each of the following insurance plan designs, use a supply and demand graph to show how it would...
A: Insurance Insurance is a contract in which a person or organization gets financial protection or com...
Q: (Figure: Market for Pants) Suppose that the world price of a pair of pants is $40. According to the ...
A: Here, the given graph shows domestic sand and supply of pants with the equilibrium price of $50 and ...
Q: Suppose that today the market for homes is in equilibrium. Tomorrow both the supply and demand curve...
A: Supply and demand curves for homes will shift to the right indicating an increase in demand and supp...
Q: is a measure of how much money can be afforded for investment in excess of cost O a. Future Cost O b...
A: Future Worth The future cost is how much is the costs, that would come in the life years and how muc...
Q: You are the buyer for The Shoe Outlet. You are looking for a line of men’s shoes to retail for $79.9...
A: Let selling price =100 then, Profit =45 So, Cost = selling price - profit =100-45 =55
Q: A tax in a supply and demand model will: O Transfer surplus from the government to consumers. O Tran...
A:
Q: Suppose that Hyundai increases the amount of capital, labor, and other inputs it uses by 10% and as ...
A: When product is manufactured and put into production process, cost takes place and process of busin...
Q: 6. Suppose a man receives an initial annual salary of P 43,769.25, increasing at the rate of P 6,500...
A: Given: Initial Annual Salary=P 43769.25 Increase each year=P 6500 Interest rate=10%
Q: 2. What is the future equivalent of Php400000 invested at 3% simple interest per year for 514 years?
A: Introduction Principal amount = php 400000 Interest rate = 3% = 3/100 = 0.03 Time period = 514 = 5.2...
Q: Suppose a monopolist faces two groups of consumers. Group 1 has a demand given by P1=50-2Q1 and MR1=...
A: Being a single seller in the market, the monopoly can charge price greater than marginal cost to max...
Q: QUESTION 1 In the two good specific factor model with diminishing returns to the factors the utility...
A: The correct answer is given in the second step.
Q: For any industry initially comprising of three or more firms characterized by symmetric Cournot comp...
A: Cournot and Stackelberg are the types of firms we can see in a duopoly. A duopoly is a market compri...
Q: plant has sufficient capacity to manufacture any combination of four different products (A, B, C, D)...
A: Introduction Marginal cost of machine 1 = variable cost + material cost = 2 + 4 = $6 Total MC of ma...
Q: 5. Fixed Proportions Production > The production function for gizmos is: Q = min {2L, 3K} > Graph th...
A: Given Production function Q=min{2L,3K} ... (1)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose the Sherwin-Williams Company has developed the following multiple regression model, with paint sales Y (x 1,000 gallons) as the dependent variable and promotional expenditures A (x $1,000) and selling price P (dollars per gallon) as the independent variables. Y=α+βaA+βpP+εY=α+βaA+βpP+ε Now suppose that the estimate of the model produces following results: α=344.585α=344.585, ba=0.102ba=0.102, bp=−11.192bp=−11.192, sba=0.173sba=0.173, sbp=4.487sbp=4.487, R2=0.813R2=0.813, and F-statistic=11.361F-statistic=11.361. Note that the sample consists of 10 observations. 1.) According to the estimated model, holding all else constant, a $1,000 increase in promotional expenditures decrease or increase sales by approximately 102,813 or 11,192 gallons. Similarly, a $1 increase in the selling price decrease or increase sales by approximately 813,11,192 or 102 gallons. 2.)Which of the independent variables (if any) appears to be statistically significant (at the 0.05…Investigate what factors determine the number of times a person logs into Facebook per week. It is argued that these four factors are important: number of friends, age in years, whether the person is employed, and whether the student has a Twitter account. That is: FACEBOOK LOGIN=f(FRIENDS,AGE,EMPLOYED,TWITTER) Do you think other relevant explanatory variables should also be included? Name any two such variables and explain why they should be included in the regression.Consider the regression model Yi = β0 + β1Xi + ui.a. Suppose you know that β0 = 0. Derive a formula for the least squaresestimator of β1.b. Suppose you know that β0 = 4. Derive a formula for the least squaresestimator of β1?
- In multiple OLS regressions, if you are using power terms to fit for nonlinearity, how do you interpret the coefficients? For example: Yi=B1+B2X+B3X^2+Ui and B2 and B3 are both significant.Consider the IV regression model Yi = β0 + β1Xi + β2Wi + ui, where Xi is correlated with ui and Zi is an instrument. Suppose that the first three assumptions in Key Concept (The IV Regression Assumptions) are satisfied. Which IV assumption is not satisfied whena) Zi is independent of (Yi, Xi, Wi)?b) Zi=Wi?c) Wi is1 for all i?d) Zi=Xi?The appropriate statistic to examine the goodness of fit of a two-variable regression model is _____. Select one: a. t-statistic b. F-statistic c. R2-statistic d. Chi-square statistic
- Consider the simple linear regression model given by E(y) = 1.5 + 0.23*x where y is measured in litres and x is measured in dollars. What must be the value of the slope coefficient if x is measured in thousands of dollars while the unit of measurement of y is unchanged (i.e., x is divided by 1000)? Answer:Consider the following case. Suppose that you have a pooled cross section data for year t (before the implementation of a program) and for year t + 1 (after the implementation of a particular program). Let Di = {0, 1} indicates enrollment of individual i in the program and Y be the outcome of interest. Write the econometric specification for a regression of Y and D using the simple difference method. Again, you must correctly specify the subscript. (a) Explain parts of the pooled cross sectin data that you will use to estimate the simple difference method. (b) Explain the assumed counterfactual in this model and the weaknesses of the assumed counterfactual.(Don't accept answers from Chat-GPT)You are estimating the following simple linear regression model: Edui = B0 + B1 MomEdu + ui. Where Edu is the years of schooling of an individual and MomEdu is the years of education of the individual's mother (Note: We might estimate this sort of regression to learn about intergenerational transmission of economic success.) a. Suppose you restrict your sample to individuals with MomEdui = 10 What happens to the OLS estimates? b. Suppose you have two random samples of size 100, both with the same In the first sample, half of the mothers have 12 yearsof education and half have 14 years of education. In the second sample, one quarter of of the mothers have each of 10, 12, 14. and 16 years of education. Does the variance of the OLS estimator differ between the two samples? Explain why or why not. C. Suppose you estimate the above regression using a random sample of 100 observations. Then you find another random sample of 100 with the same as the…
- Suppose you have run four regression models: A, B, C, and D. You are going to make a decision on which one to use just based on the adjusted r² value. Here are the adjusted r² values for each model: A: 0.71 B: 0.57 C: 0.65 D: 0.76 Which regression model would you choose based on the adjusted r²? OD since it has the highest adjusted r² value B since it has the lowest adjusted r² OC since it has an adjusted r² between the adjusted r² of regressions B and D. Either B or C since they have the lowest adjusted r²Consider the regression model Yi = b0 + b1X1i + b2X2i + ui. Use approach 2from Section 7.3 to transform the regression so that you can use a t-statistic to testa. b1 = b2.b. b1 + 2b2 = 0.c. b1 + b2 = 1. (Hint: You must redefine the dependent variable in theregression.)In regards to multiple OLS regressions, what does it mean to have a loss of residuals or multicolinearity? What are the consequences?