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Open the Galileo.xls workbook and go to the Q&A sheet. This data set was con- structed with a different gravitational constant. It appears our fictional Galileo has traveled to another, bigger planet. Use the data set to answer the following questions:
a. Run regressions for the linear and quadratic models. Report your results in the standard Predicted Y = b + mX format.
b. Is the quadratic model still better? Explain why.
c. For the quadratic model, compute the derivative of Predicted Distance with respect to Time.
Suppose that you can sell as much of a product as you want at $100 per unit. Your marginal cost is MC = 2Q. Your fixed cost is $50. What is the optimal level of output? What is the optimal output , if the fixed cost is $60?
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Calculate total cost and average total costs if demand is 450 per month and what happens to average total costs (ATC) when your production goes up from 250 to 450?
create an idea for your own mnc to conduct international business. your idea should be simplified to the degree that
With use of a graph,explain how these two programs affect cigarette consumption and explain the combined effect of these two programs on the price of cigarettes.
Calculate the marginal rate of substitution
question 1. apple stock ticker aapl is currently at 415share while google stock ticker goog is currently at 835share.
What are the effects of labor unions on wages and productivity? what are the Right-to-work laws in individual states?
Julie is getting ready for final exams. She has three exams during the first three days of the exam period. To prepare, she has outlined a schedule that includes reviewing for her first exam on one day, her next exam on the following day, and her ..
The long-run equilibrium for a perfectly competitive firm is zero-profit equilibrium. Does this mean that owners of these firms have no income? Explain.
Suppose in the example above that the benefits of clear-cutting and not replanting outweighed the costs. What would have to be true for that decision to be economically sustainable - What are the potential problems with market allocation for noise ..
Presume that the economy has the following production function: Y/L = 8*(K/L) 0.5. Further presume that s = 0.2, gL = 0.3, and δ = 0.1. What is the value of the steady state capital-to-labor ratio?
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