(Answered) Cfo of a company claims that their annual revenue rev in

Economics

CFO of a company claims that their annual revenue, Rev, (in $1,000) over time grows according to the following model:

Revt = Rev0 (1 + g)t

She used the revenue data from the last 10 years and estimated the model as ln Rˆevt = 5.521 + 0.03t

(a) Determine the growth rate of the revenue.

(b) What is the estimated value of Rev0 ?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91545547
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question two random variables x and y have the probability

Question: Two random variables X and Y have the probability functions: A joint probability is:P(X = 2 and Y = 1) = 0.2 (a) Find the conditional probability function of X given Y = 1. (b) Find the conditional mean of X gi ...

Question discuss the following - what features of medicare

Question: Discuss the following - What feature(s) of Medicare would cause an economist to say that "Medicare stinks as insurance"? Medicare supplement insurance is available from the commercial market and most commonly c ...

Question a coase theoremwhy does the concept of

Question: A) Coase Theorem Why does the concept of environmental justice limit the practical use of the Coase Theorem tosolve large environmental problems? Please use a relevant example to help explain your answer. B) Ne ...

Question hedonic modelingassume we have two identical

Question: Hedonic Modeling Assume we have two identical houses. Each house is a 3 bedroom, 3 bath, 2000 square feetwhite house on a 1 acre lot and both were built in 1996. The single difference is that house B islocated ...

Question over the next three years a firm is expected to

Question: Over the next three years, a firm is expected to earn economic profits of $120,000 in the first year, $140.000 in the second year, and $1000,000 in the third year. After the end of the third year, the firm will ...

Question 1 what are the two or more political views on the

Question: 1. What are the two (or more) political views on the budget deficit/debt? 2. Describe some of the recent political/economic battles over the government budget currently and in recent years (e.g. fiscal cliff, s ...

Question the total assets at the beginning of the year for

Question: The total assets at the beginning of the year for company XYZ was $60,000 and total liabilities of $40,000. During the year the business recorded $100,000 in revenues, $55,000 in expenses, and dividends of $10, ...

Question explain why the net export effect of a contrac-

Question: Explain why the net export effect of a contrac- tionary monetary policy reinforces the usual impact that monetary policy has on equilibrium real GDP per year in the short run. The response must be typed, single ...

Question according to legislation as of late 2002 the death

Question: According to legislation as of late 2002, the death tax (estate tax) is supposed to be fully phased out by the year 2010, but then reinstated at a maximum 55% rate in 2011. In terms of the LCH, how would these ...

Question describe the jobs of different types of

Question: Describe the jobs of different types of salespeople and list the characteristics of successful salespeople; Identify a characteristic that you personally need to develop to be a successful salesperson, should y ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert