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Calculate the implied lerner index

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Suppose that you have data on P, Q, Z, and W.

You estimate equations (8B.1) and (8B.3), with the following results.

P = 200 - 10Q + 5Z + 2.5ZQ (8B.1)

P = 40 - 27Q - 1.5ZQ + 2.3W (8B.3)

Given this information, calculate the implied Lerner Index

Reference no: EM133081780

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