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Question: 1. Consider observations from the linear panel data model
2. a. In the fixed effects regression model, are the fixed entery effects, ai, con
b. If n is large (say, n = 2000) but T is small (say. T = 4), do you think that the estimated values of ai are approximately normally distributed? Why or why not? (Hint: Analyze the model
Note that as drawn in the figure, the reservation prices for the Sports Channel and the Movie Channel are negatively correlated. Why would you, or why would you not, expect consumers' reservation prices for cable TV channels to be negatively corre..
1list the determinants of aggregate demand by component.list the determinants of short-run aggregate supply.3draw
If the two are not independent, a shift in the demand curve can lead to a shift in the supply curve referred to as? a)supply-side economics b)physician-induced demand
Governments impose taxes for several reasons. The most obvious reason is to raise revenues for the government. If the goal of a government is to raise the maximum revenues, should a per unit tax be imposed on an item that has a price elasticity of..
Calculate the amount the hospital would report as net patient service revenue in its statement of operations for the fiscal year ending Sept. 30, 2011.
The Value of the Marginal Product of Labor Equation is an important equation. Setting aside political considerations, there has been quite a bit of discussion regarding the pay level for fast food restaurants. In two paragraphs, please discuss the ch..
This briefing is particularly important because of the global financial crisis that began in 2007. The briefing is required to provide more foundation for the finance team because they are not well versed in international aspects of finance.
What type of return to scale appears to characterize this bus transportation system
A monopoly has produced a product with a patent for the last few years. The patent is going to expire. What will happen after the patent expires?
Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why?
What is the impact of the older work force (retirement age) not retiring due to the effects of the recession - more specifically, how does it impact on unemployment number (less jobs for the young)?
Who has the absolute advantage in outlining you or your friend? What about typing? Who has a comparative advantage in outlining? In typing? According to the principle of comparative advantage, who should specialize in which task
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