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You have estimated the following equation using OLS: y = 33.75 + 1.2 EDU + 0.5 EDU * EXPER where y is annual income in thousands, EDU is the year of education, and EXPER is the year of work experience. According to this model, what is the marginal income for an additional year of education when the work experience is 2 years?
Identify the main reasons (eg.) Apple has expanded into other markets. Identify the entry mode/s of Apple in the specific foreign market (Europe).
Little confused on finding Consumer Surplus, Producer Surplus and Tax Revenue when tax is involved. I’m use to seeing the supply and demand lines extending to the y axis so i can find out the CS and PS easily by taking the area of the triangles betwe..
Assume that you have an economy that is in the early months of a recession. Unemployment is 7.2% and rising. Inflation is at 1.2% and relatively stable at the level. Consider a policy based on Taxes. Develop a policy that will help get the economy ou..
What is the difference between absolute and comparative advantage? Which is more appropriate for current trade policy?
Take a position on whether or not companies benefit from using a structured profit approach to calculate their profits. Provide an explanation of your position with at least two examples or scenarios of the use of such an approach.
As the number of explanatory variables in a regression increases, the R of the regression
Median length of stay was 1.1 days shorter when a hospitalist cared for a Medicare patient. Median cost per case was $853 less (excluding physician fees). There were no significant differences in mortality, 30-day readmissions, or transfers.
Illustrate what do you think are the defining characters of a science. does the study of the economy have these characteristics.
Suppose a soft-drink firm is grappling with the decision about whether or not to introduce to the market a new carbonated beverage with 25 percent real fruit juice. How might it use the six decision steps to guide its course of action?
For the product is charging the most favorable price
If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? -What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? -List and give an example of..
Apply the IS/LM fr. amework to explain the following question. In the early 1980's to combat the recessionary forces, President Ron Reagan used expansionary fiscal policy by lowering (marginal) tax rates to combat the recession. Concurrently, Paul Vo..
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