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1. Select any research idea that you are interested. Write down a research question. For example, I am interested in the Salary of baseball players. My research question is "Does age determines wages of baseball players?"
2. Write down your research question in a functional form that can be tested using the Regression Analysis. Your model must include an endogenous variable and at least three exogenous variables. One of the exogenous variables should be the "main interest" variable. Explain why For example, my endogenous variable is "wages" and my main-interest exogenous variable is "players' age (age)". However, I know that there are other factors that can affect players' salary such as performance (Perf) , market size of the team that they are playing for (Pop)etc. My model will look like
Wages = b0 + b1Age + b2Perf + b3Pop
3. Provide "expected sign" for the coefficient b1, b2, b3 with the reason behind your believe. For example, my expected sign for b1 is positive because older players have more experience and should get more money. The expected sign for b2 should be positive because better performance should lead to better compensation. For b3, again the expected sign should be positive because the team that locates in a bigger city should have more fans and more money to pay its players
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. Explain how would you describe this industry.
What does the latest research say about the connection between customer satisfaction and customer loyalty? Do an Internet search of this topic and find specific statistics.
Apple put on the first smartphone, making them the Stackelberg leader. Samsung, HTC and Sony release their smartphones some time later. Consider the market competition game between these three companies. Characterize the output level for each firm an..
The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
Calculate the own price elasticity of demand for the demand curve P= 15-3X at prices and compare the outcomes.
q1. the owners of a successful restaurant want a loan for 50000 to renovate the kitchen and expand the dining room.
A profitable company making earthmoving equipment is considering an investment of $150,000 on equipment that will have a 5 year useful life and a $50,000 salvage value. Use a spreadsheet function to compute the MACRS depreciation schedule.
Suppose the following were facts relating years of education to average annual income of individuals. Would you use the inductive or deductive method to derive an economic principle from these facts.
____________ measures the percentage change in the quantity of good x resulting from a percentage change.
q. u.s. supreme court justice stephen breyers book breaking the vicious circle toward effective risk regulation 1993
What are the equilibrium price and quantity in this market? At the market equilibrium, what is the price elasticity of demand and the income elasticity of demand?
Suppose there is a bill to increase tax on cigarettes by $1 per pack coupled with an income tax cut of $500. Suppose a person smokes an average of 500 packs of cigarettes per year--- and would thus face a tax increase of about $500 per year from the ..
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