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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?
briefly explain oppurtunity cost in decision making?
Explain baumol''s static model
p=10, TC= 1000+2Q+.01Q^2, Q=?
Drafting of Production Policy: Demand forecasts assists in drafting appropriate production policy so that there may not be any space between future demand and supply of a product.
Q. Types of production function? Production function is of two different forms: The variable proportion production function The fixed proportion production functio
find out the characterstics of national stock exchange
Explain the theory of production, Managerial Economics Explain the Theory of Production
Describe and answer in economic terms a managerial decision you have knowledge about (for example one that has to be made at your place of employment). Some examples of decisions a
Explain a circular flow of income in a frugal econmomy with diagram
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
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