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1. Using the file in this homework folder (women_job.xlsx), estimate the logit: Job = f(Married, School, Age) in STATA. (Include your STATA work)
a. Report the values of the coefficients and p-values for each independent variable.
b. In words, express what the beta coefficient for "school" means using the "rough estimate of 0.25" approach using the values estimated by STATA.
a. Calculate Rp2 using the method shown in class. (Show the work that you do in STATA)
in order to financially stimulate the nation the federal government injected 900 billion dollars into the economy.
Consider a monopolist has a marginal cost such that MC=Q. In that market demand follows the equation Q (of demand)=500-.5P. What is the price the monopoly will charge? How much will the monopoly produce?
A is a much more demanding and also a more prestigious institution than B. B is a safe option in the sense that you know you will do reasonably well academically there, and that after graduation you will land an "adequate" job.
questionforeachscenariobelowdrawtheappropriatemoneymarketandgoodsmarketdiagramstoillustratethescenario.explaintheshort-r
NJ taxes wine sales. While the retailers pay the taxes on wine sales, they may passon some or all of these taxes to consumers by raising prices. Identify the specific tax (tax per bottle sold) for which NJ's equilibirum market price and quantity e..
What would be the net price received by the cigarette producers - find the consumer surplus, graphically and algebraically.
Assume that the gold-mining industry is perfectly competitive. Using a graph of the Representative Firm and a corresponding graph of the Market, illustrate a representative gold mine earning normal economics profits and illustrate equilibrium in t..
Illustrate the following situation by using supply and demand curve. a. The federal government "supports" the price of wheat by paying farmers not to plant wheat on some of their land. What will happen to the equilibrium price and the equilibrium ..
Utilizing the expectations hypothesis and the Taylor rule provide an interpretation of this comment in the article.
If prices rise, people’s income from selling goods increases. However, the growth of real GDP ignores this gain. Given this information, why do economists prefer real GDP as a measure of economic well-being?
What are the positive and negative aspects of budget deficits and surpluses?
Suppose that it is known that labor receives 25% of national income. With a Cobb-Douglas production function and an initial level of real GDP of $10,000, what happens to real GDP if both capital and labor double?
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