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- s EconomicsQ&A LibraryEach term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time? Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’…(1) Recent measurements have shown a significant deterioration in the quality of the Scottish seaside. Which of the following statements are compatible with this observation? A. The real value of GDP has increasedB. The real value of GDP remains the same C. North Sea oil wells have dried upD. The price of swimming costumes has gone down (2) The impact of Covid-19 on happiness is negative because A. it decreased economic activityB. it coincided with BrexitC. it forced social isolationD. it obliged people to develop new Information Technology skills(i) A is correct(ii) A and B are correct(iii) A and C are correct(iv) All of the above are correctMary is a corn farmer in Iowa. If she does not irrigate her field, she can produce 120 bushels of corn per acre. If she applies 4 inches of irrigation water, she can produce 140 bushels of corn per acre. The application of 8, 12, and 16 inches of irrigation water can result in 160, 180, and 200 bushels of corn per acre, respectively. Graph the relationship between the amount of water applied and corn yield for Mary. What is the slope?
- A10 Write three econometric models capturing 1) overall; 2) within; and 3) between variationQuestion 3 D-G I don’t see how this relatedness to previous questions. How does Thisbe relate and how do I graph itIn economics, the terms efficient, effective and productive are often known. Question: a. Explain the difference between each of these terms. Explain with examples b. How many types of efficiency are there? Explain the difference between each! c. If the results of the rice production model are as follows: Qp = 0.031 + 0.046 Land Area + 0.092 Seed + 0.198 TK + 0.728 Fertilizer + 0.222 Perticide. Explain the results of the analysis related to the concept of efficiency for each variable and return of scale
- It is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?Which of the following best represents a medium negative correlation? A. 0.49 B. -0.53 C. -0.97 D. 0.22Discuss wether all firms in a country will welcome a change in people’s income.
- a. List the given variablesb. Formula & Complete solutionPls help with below homework-) Which are the three methods to handle the panel data model with fixed effects ? Also explain each methodSuppose, as an economist, you are asked to analyze an issue unlike anything you have ever done before. Also, suppose you do not have a specific model for analyzing that issue. What should you do? Hint: What would a carpenter do in a similar situation?
