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Consider the following class of estimators:W(sub)a= 1/a1(Y1)+1/a2(Y2)+1/a3(Y3)+1/a4(Y4) where a(i) are the constants.
a) What restriction on the ai is needed for Wa to be an unbiased estimator of mu?
b) Find the variance of Wa.
If the product price is $4 per unit and the price of the factor of production is $80 per unit, the profit-maximizing quantity of the factor is____ unit(s).
your companys executive vice president circulates a memo to the firms top management in which he argues for a reduction
Toys Corporation has estimated its demand and cost function what will be theprice and quantity if Toys would like maximize profits
1. determine whether the following production functions exhibit constant increasing or decreasing returns to scale.
The Kingdom of the North and the Iron Islands produce 2 goods
business behavior and public policy1. define market power and then discuss the rationale for government regulation of
The SEC regulations require u.s. corporations to publish operating results on a quarterly basis. How does this short term time frame impact long term profit maximization?
Suppose the government imposes a tax of $1 per unit to reduce widget consumption and raise government revenues. What will the new equilibrium quantity be? What price will the buyer pay? What amount per unit will the seller receive?
At the same time the unemployment rate remained at 8.3%. Use your understanding of the labor market to explain how these two things could happen at the same time.
State Khinchine's weak law of large numbers and provide a proof of this result. Discuss conditions under which a law of large numbers exists for a sample of independent but heterogeneously distributed random variables.
Henry, a resident of Nevada, sued Adam, a resident of Utah in the Federal Court in California. He sought $60,000 damages for personal injuries arising from an automobile accident that occurred in Los Angeles, California. Does the Federal Court hav..
If Jones trades a used car to Smith for $5,000, nothing new is created. Thus, there is no way the transaction can improve the welfare of people.” Is this statement true
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