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Question: Regress y = (2, 1, 0) on X = (0, 1, 2) without a constant term, and calculate the residuals. Refit the model with a constant term, and calculate the residuals. Compare the residual sum of squares from this model with that form the model with constant terms include. What do you conclude about the model fitted without a constant terms?
1. Classify each of the following items as a final good or service or as an intermediate good or service and identify which is a component of consumption, investment, or government expenditure on goods and services: banking services bought by a s..
a) Suppose P = 100 – q, Cost = 20q, and the resource constraint is Q = 80. Find the optimal allocation over two periods. What is the value of the resource? Suppose I impose a tax of 10$ per unit extracted. What happens to the allocation in (a)
How you will use the personal information. How you will keep the personal information private (think case notes). When you might need to disclose the personal information. How you will inform the client of his or her rights (that is, the client's rig..
Describe, using diagrams where appropriate, the market for rental accommodation before and after the introduction of rent controls.
How they challenge Classical Liberalism? How do they challenge Interventionist Liberalism? Are there ways it could be consistent with Interventionist Liberalism?
Determine which country has absolute advantage in production of tanks and explain why is it this country?
Analyze the three different money models the ATM model of the models (the ATM model of demand for cash, the liquidity-preference model, and the dynamic model of money) to determine which model seems most appropriate for explaining the way money wo..
as an economist for abc plastics your boss has asked you to respond to some questions she has regarding the companys
Suppose you purchased 5 apples and 3 oranges last week. Apples cost $0.75 per apple, and oranges were $1.00 per orange. How much did you spend on fruit?
In the 1960s and 1970s, research funding by the U.S. government and some universities led to revolutionary advances in network computing. These advances in communication and network technology remained largely isolated to governmental and academic..
From the following table which describes a series of economic activities in a given year, calculate the value-added at each step of the economic activities and its contribution to GDP
After correcting the sign in the demand function, what is price elasticity of demand for movie tickets and what is the income elasticity of demand for movie tickets?
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