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Your regression of 41 observations and 5 regressors shows adjusted R2 =0.24. What is the value of R?
Supposed we include X1 in our single regression € Y = β0 + β1X1 + u , but we leave out X2, a variable that is negatively correlated with the included variable X1. X2 is a determinant of Y (the dependent variable), and the effect of X2 on Y is positive. The effect of X1 on Y is negative. What is the consequence of leaving X2 out of the model?
Suppose 30% of the population of working people in a country have a high school degree or less. If the average annual earnings for that group is $35,000 and the average earnings per year for the more educated group of people (people with more than a high school diploma) is $70,000, then you can say that the average annual earnings for the working population of the country is
Illustrate what is the impact of this sale on GDP for 2002. Assume no realtor is involved in the sale.
Microeconomics is considered to be the study of scarce resources (Perloff, 2007). Here, consumers (both individuals and organizations) must make allocation decisions.
Many antitrust authorities throughout the world have implemented leniency programs target at busting secret cartels. These programs offer immunity from prosecution to firms who blow the whistle on their co-cartel conspirators. Show how the leniency p..
If 7,218 of the Ahmadi cell phones were priced at least $119.00, how many cell phones were produced by Ahmadi, Inc.?
A contract for a project has a value of $5,000,000. A performance bond of 25% has been issued for the project. The contractor performs only 50% of the work. The consulting engineer has certified to the owner that 80% has been completed. The surety th..
What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa? Is it fair that similar..
q.suppose a bank is faced with two types of borrowers - a high risk borrower that should be charged an interest rate of
Why people demand for money? What are the two types of demand for money? What is equilibrium interest rate? Why supply of money is vertical?
Firms A and B make up a cartel that monopolizes the market for a scarce natural resource. The firms’ marginal costs are MCa = 6+2Qa and MCb = 18+Qb respectively. The firms seek to maximize the cartel’s total profit. The firms have decided to limit th..
q.suppose that you are interested in comparing the costs of producing inpatient services at saving grace hospital with
If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.
How is the PCE calculated? What is the difference between the PCE and the GDP deflator? What is the difference between the PCE and the core PCE?
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