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How to perform a regression for barrels sold vs. US Pop. Write the estimated regression equation? The barrels sold are the dependent variables while US Pop is the independent variable.
Business Economics, Economics
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Elena's income is $600. She spends all of it on tickets to concerts and films. A concert ticket costs $30 and a film ticket costs $10. How many tickets of each type will be in Elena's optimal consumptionbundle? Her MRSCF ...
If there is an increase in demand for a service, and a decrease in supply of the service, what impact will that have on the equilibrium price and quantity for the service?
1. Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 100 + 36Q - 4Q2 and C(Q) = 80 + 12Q. [Note: MB(Q) = 36 - 8Q and MC(Q) = 12.] a. Writ ...
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The reason that would cause movement along demand curve is 1) income of the buyers. 2) availability of close substitutes. 3) a change in the price of the good itself. 4) non of the above
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How would the stock market soars and Americans wealth expands significantly affect the econmony, by analyzing in the SRAS-AD diagram and determine the effects on real GDP and the General price level
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The distribution of seed weights for pumpkins is closely approximated by a normal distribution. You know that 95% of the seeds weigh less than 0.68 grams and that 5% of the seeds weigh less than 0.36 grams. Suppose you s ...
If a new technology in the U.S. shale oil extraction could produce crude oil even more efficiently; at the same time, the U.S. federal government decided to subsidize people for electric car purchase, what would you expe ...
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