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Briefly describe your answer and clearly, showing any necessary computations.Your answer should be in an Excel file.1. Westminster Corporation has had the following experience over the past five quarters:Units produced Electricity cost ($)27,000 101,00032,000 120,00031,000 116,00020,000 84,00022,000 90,000a) Using the high-low method, determine an equation for electricity cost (Y) as a function of units produced (X). Assume a linear function.b) Using your equation, forecast electricity cost at a volume of 25,000 units produced.
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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