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Describe the intuition behind the maximum likelihood estimation technique used for limited dependent variable models. Why do we not use OLS to estimate the limited dependent variable models?
Elucidate Illustrate what would happen if an outside agency Concluded the prices eBay could charge.
Based on these articles and other readings you may find, what do you think of the “free” offers used by online retailers or marketer? Do you think the “free” offers would be more effective than coupons? Use some concepts you learned from module 5, as..
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
Consider a negative income tax in which an individual receives a cash benefit of B per month, and pays a marginal tax M on any income earned. If an individual’s income is Y, their combined income from earnings and benefit is then B+(1-M)Y up to the i..
If when the price of Product E decreases by 9%, this causes its quantity demanded to increase by 14% and the quantity demanded for Product F to increase by 12%, what is the cross-price elasticity of demand? What is the relationship between these good..
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
If a monopolist has constant marginal cost MC =20 and faces demand p=80-Q, what is the effect on consumer surplus of a $5 per-unit tax on sellers? Is the tax revenue collected less than, equal to, or greater than the consumer surplus loss plus the re..
Suppose that you have $1000 cash today and can invest it at an interest rate of 10% compounded each year. How many years will it take you to become millionaire?
These panels will have a capacity of 500 kw, have a life expectancy of 20 years and suppose the discount rate is 10%.
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
How does "supply and demand" explain the wage gap difference between engineering and history majors?
Calculate the variance of x=(6, 8, 10 ) BY HAND, showing all the necessary calculations. Calculate the variance of x=( 1, 4, 2, 5 ) BY HAND, showing all the necessary calculations. Calculate the standard deviation of x=( 1, 4, 2, 5 ) BY HAND, showing..
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