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Chemical composition of rain water. Researchers at the University of Aberdeen (Scotland) devel- oped a statistical model for estimating the chemical composition of water (Journal of Agricultural, Bio- logical, and Environmental Statistics, March 2005). For one application, the nitrate concentration y (milligrams per liter) in a water sample collected after a heavy rainfall was modeled as a function of water source (groundwater, subsurface ?ow, or overground ?ow).
(a) Write a model for E(y) as a function of the qualitative independent variable.
(b) Give an interpretation of each of the β parameters in the model, part c.
subcontractor is paid actual costs times the indirect rate of 167% and fee on the total of the direct and indirect costs of 15%. You discover in the invoice timecards of their Canadian Subsidiary, roughly $100,000 CD of the $500,000 US invoiced.
Find the quantity this firm will produce in the short run if the price of output is $20. If $20 is the short run competitive equilibrium price, find the number of firms in the market. The short run variable costs below are for a firm in a perfectly..
A company experiences rising returns to scale; that is, doubling all its inputs more than doubles its output. What can be inferred about the company's short-run costs?
Suppose the firms play this game for five years in a row, and they know that at the end of five years, both firms plan to go out of business. What is the sub game-perfect equilibrium for this five-period game.
A new machine can be purchased for $1,200,000. It will cost $35,000 to ship and $15,000 to modify the machine. A $12,000 recently completed feasibility study indicated that the firm can employ an existing factory owned by the firm
A $50,000 loan with nominal interest rate of 6% compounded monthly is to be repaid over 30 years with the payments of $299.77. The borrower wants to know how many payments he will have to make until he owes only half of the amount he borrowed init..
Describe the various techniques of analysis used by the agency in their decision making process. For example, what different analysis approaches could be used?
A potential entrepreneur is trying to decide whether to open a new health spa. She presently makes $35,000 per year as an aerobics instructor and will have to give up this job if she opens the new health spa. If she chooses to open the spa, it wil..
Suppose that they are thinking of each specializing completely in the area in which they have a comparative advantage, and then trading at a rate of 2.5 pounds of potatoes for 1 chicken, would they each be better off
ADVANCED ANALYSIS Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0).
Using the marginal cost and new marginal revenue numbers in Table 1, find the number of beds Ned should sell.
Explain in words why U.S. export industries would benefit from a reduction in restrictions on imports to the United States.
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