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In principle ASVABC might be a positive function of S, in which case the educational attainment model should have two equations:
Using your EAEF data set, fit the second equation, first using OLS, second using instrumental variables estimation with SM as an instrument. Investigate analytically the likely direction of the bias in the slope coefficient in the OLS regression, and check whether a comparison of the OLS and IV estimates confirms your analysis.
An injection molding machine can be purchased and installed for $90,000. It is in the seven-year GDS property class and is expected to be kept in service for 8 years. It is believed that $10,000 can be obtained when the machine is disposed
Develop a minimum 6-page paper that examines the topic addressing all questions with at least two references and bibliography.
The Kinked demand curve in an oligoolistic market is represented by the following: P = 100- Q and P = 120-2*Q The oligopoly firms have constant marginal costs at MC = 40 What is the profit maximizing price and level of output
What is the firm's individual supply curve Suppose that the price of typewriters is p = $20. How many typewriters should the firm produce to maximize profit What is the firm's profit at this price For what price does the firm make positive profit
How much interest did you earn over the life of the investment?
Pulp can be bought in the open market for $25 per ton. The marginal cost of converting pulp into paper is MC= 5 + 5Q, and the demand for paper is P = 135-15Q. Calculate the marginal cost of paper if the company produces its own pulp.
Compare and contrast the fiscal health of the U.S. with that of at least one other nation over time. Give your estimation of the economic outlook/prospects for each.
Assume that Aquafresh own price elasticity is -1.5 and that the Colgate cross price elasticity of demand with respect to Aquafresh price change is 1. How do you interpret the own and cross price elasticities? Which brand is Aquafresh mainly competi..
In the boom years of the late 1990s, it was often said that rapidly increasing stock prices were responsible for much of the rapid growth of real GDP. Explain how this could be true, using aggregate demand and aggregate supply analysis.
year 1=450,000 YEAR 2= 350,000 year 3= 275,000 year 4 =200,000 the general manager has been told by the owners of the team that any capital expenditures must yield at least 12 percent after taxes. the firm's marginal income tax rate is 40 percent.
The supply of luxury boats is perfectly elastic, the demand for luxury boats is unit elastic, and with no tax on luxury boats, the price of luxury boats is $1 million and 240 luxury boats a week are brough. now luxury boats are taxed at 20 percent..
Calculate output per worker and consumption per worker for each country. Which country has the highest output per worker? The highest consumption per worker?
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