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consider four independent variables for inclusion in a regression model. Select a sample of 30 observations. Results: 1. the model includes independent variables A and B and has a Cp value equal to 4.6. 2. the model that includes independent variables A and C has a Cp value equal to 2.4. 3. the model that includes independent variables A, B and C has a Cp value equal to 2.7.
a. which models meet the criterion for further consideration? explain.
b. how would you compare the model that contains independent variables A, B and C to the model that contains independent variables A and B? explain
how percapita income fiscal policy laws local economies and census data affect the ability to fund governmental functions.
Elucidate as carefully as you can why borrowers would be willing to pay a higher rate of interest.
Explain how does the Central Bank measure the money supply in the contary. Does the Central Bank have an interest rate policy.
My utility for cookies C and milk M is u(C;M) = C1=3M2=3. Every week I have wealth w = $8 to spend on cookies and milk. Last week, prices were pC = 1; pM = 1; this week there is a big sale on cookies so prices are pC = 1=2; pM = 1.
Explain in detail how a decrease in consumer demand for a product will result in less of the product being produced and in fewer resources being allocated to its production.
Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.
In the economy of Cape Despair, subsistence real wage rate is $15 an hour. Whenever real GDP per hour increase above $15 the population grows,
Elucidate recommendation should be provided to each state to maximize revenue. Which state was most likely to be following a political unsupportable policy.
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
Elucidate several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem.
Drowns indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure
The company articles of incorporation and state laws place no restriction on the sale of stock to outsiders. An unexpected opportunity to expand arises that will require an additional investment of 14 million.
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