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The variance of the OLS estimator is VAR( ^B)=σ2 /ns2x , where s2x=£x2/x You're hired to estimate and you're going to be paid according to the accuracy of your estimate. Specifically, your revenue is ¥/std (B). You can buy as many observations as you want at price . The sample variance of , never changes. How many observations should you buy?
ELASTICITY OF DEMAND
how manager can apply scarcity and oppotunity cost in managerial decision making
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define scarcity and opportunity cost.Show how these concept are useful in managerial decision making
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definition of optimal use of veriable input
Use a computer regression package, to work these two computer exercises. 2. Ozark Bottled Water Products, Inc. hired a marketing consulting firm to perform a test marketing of its
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