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You have been hired by a local used car dealer to help in their pricing of used cars.They want to know whether the prices of the cars they sell are more influenced by the age of the car or by the mileage on the car.
Using the data found in the Excel file, following the same steps outlined in the Lecture, run two separate regressions one utilizing age of the car, one utilizing mileage on the car and obtain the results table similar to the one contained in the Lecture OR similar to the one in your text found on page 127.
what the estimated coefficients mean for each of these regressions. Then interpret what the R Squares mean as well. Which of the two variables, age or mileage, is a better predictor of what a car will sell for? Why?
Elucidate are the characteristics of the market for lemons.
Use the Heckscher-Ohlin factor proportions framework with 2-factors, skilled and unskilled labor, to estimate the following arguments.
Illustrate what are the four supply factors of economics growth. What is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.
Assuming that the beekeeper gets that amount, what range of payments will the farmer accept (Remember that negative payments are also possible.) Answer the same questions for the fifth day.
What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.
Compute the total fixed costs, total variable costs, average fixed costs.
Compute the expected value (revenue) from each project. Compute the coefficient of variation of each project, and find out which project should the company choose. Compute the variance and standard deviation of expected value from each project.
Explain how should she reallocate her expenditures among the two goods.
Describe regarding the best solution for preventing someone from making illegal copies of music files.
Find the equilibrium price and quanitity. If the curent pice of te product is $100, what is the quantity supplied and the quantity demanded? How would you describe this situation, and what would you expect to happen in the market?
President Obama pushed his massive fiscal stimulus package of $787 through the Congress and later passed by the House and Senate, whose centerpiece was spending most of this stimulus funds
Discuss and explain the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP?
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