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Perform a logarithmic regression of expenditure on your commodity on income and relative price, first using OLS and then using the option for AR(1) regression. Compare the coefficients and standard errors of the two regressions and comment.
Suppose we have a wholesaler firm that charges a retailer r for the retailer's only input. The marginal cost of the wholesaler is $2. It takes one unit of the input to produce one unit of the retailer's output and in addition to the price of the i..
Is this firm making the profit-maximizing decision
There are two routes to Cleveland from Indianapolis. One route takes the toll road, which costs $9.00. One route takes the state highways with no tolls. The toll road has a 30% chance of taking 4 hours and a 70% chance of taking 5 hours.
A CNC machine was purchased for $120,000 and has a five-year depreciable life. The shipping and handling cost were $15,000. The annual operational cost of the system is $10,000. The estimated salvage of the machine is $20,000 at the end of five ye..
Output variable: 1 2 3 4 5 6 7 8 9 Costs: $35 75 110 140 175 215 260 315 390 a) Show AFC, ATC, AVC and MC in a table b) GRaph th AFC, ATC, AVC and MC curves. Say fixed costs dropped to $50. Which curves shifted.
Given the following information calculate the multiplier effect on Y, i.e. by how much does output increase or decrease by (Y), if Unless told otherwise, assume other factors are held constant. For example if you are told that only government spend..
Determine net income for the period if beginning stockholders' equity is $19,000, dividends declared amount to $7,000, ending stockholders' equity is $37,000 and the corporation issued $1,000 of common stock.
As a Plant Manager your plant team informs you that they have found a way to increase the size of the manufacturing run from 10,000 to 18,000 units in increments of 2000 units. The set up cost is 150,000 and defects cost $120 for removal/repair.
A senator gives a speech where he attacks payments to seniorcitizens. He claims that payments increased by 50% per person from1980 to 1990. Another senator gives a speech about health-carespending.
There are 300 purely competitive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested. What is their percentage of rate of return.
demand and supply schedules for rental apartment in the city of Gotham are given below Monthly Rent $2500 $2000 $1500 $1000 $500 Apartment Demanded 10,000 12,500 15,000 17,500 20,000 Apartment Supplied 15,000 12,500 10,000 7,500 5,000 Suppose a ne..
The amplifier depicted in Fig. 12.95 consists of a common-gate stage (M1 and RD) and a feedback network (R1, R2, and M2). Assuming R1 + R2 is very large and λ = 0, compute the closed-loop gain and I/O impedances.
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