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Please explain the reasons that we have to check "heteroskedasticity robust standard errors" when we have heteroskedasticity issue?
Short-Run Economic Costs Suppose a firm has a short-run cost equation of C(q) = 0.1q3 - 3q2 + 60q + 1000, and short-run marginal cost equation of MC(q) = .3q2 - 6q + 60, if the firm produces 25 units of output: Use the MC(q) equation to solve for t..
Many US companies have located in contries all over the globe. Would they support or fight free trade. Explain your position.
Your corporation sells its product online and in stores. Your marginal cost $30 is the same in both markets. The demand and marginal revenue curves in two markets are different however.
At the management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns". Is this statement correct? If so, why? If not, explain why no..
Suppose that Investment spending of 420 is added (I = 420). Find Ye1. • Then suppose that we find that ΔI = 40. Find Ye2.
what aspects of your decison-making process fit the description of a rational choice. did you consider costs and benifits?
Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
Give a graphical representation of the trend in inflation and unemployment in terms of unemployment for the period 1983 - 2011. Comment outcome.
Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts needed to make bikes falls. What is the likely effect on the equilibrium price and quantity of exercise bikes sold
Explain how can federal government spending crowd out private sector investment and consumption.
Throughout this course we have discussed the 'agency problem' - i.e., when the interests of owners and managers are not properly aligned.
Explain how would you go about resolving the issue if you were the president of a small, poor country.
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