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The coefficient of determination is given by the R-squared value which is 0.863. It means that 86.3% of variability in values of overall satisfaction is explained by this model.
1. given the elasticities in question 2. and assuming that higher gasoline taxes would not shift either the suv supply
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume.
Mandy is a master wood-carver and Jerry is her apprentice. They will each work the same number of hours making toy cars. Each car requires 4 wheels and 1 body. Mandy makes wheels at the rate of 25 per hour and bodies at the rate of 10 per hour.
Provide separate arguments to support your claims as to their slope, curvature, and the direction of increasing utility.
irrigation improves the yield of strawberries per acre measured in pints according to the fucntion s -w-22 50 where s
Does too much of recent government regulation have the goal of behavioral change versus encouraging economic growth and efficiency?
Discuss the differences between the classical and Keynesian versions of macroeconomic model - Calculate the equilibrium exchange rate, level of income and net exports.
Assume that in the short-run the firm’s labour input is fixed at 10 unit. What is the short-run average and marginal product functions?
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..
How do you feel this has impacted the range of choice you have in radio stations? Did government deregulation cause the creation of monopolies? Why or why not? How are natural market forces and other economic factors changing or not changing your ..
Use our discussion of price discrimination to justify this argument. What problems do you envisage in implementing the policy?
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
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