Question
Solution
The marginal cost of production is MC=0.3x+4, determine the cost involved to increase production from 70 to 100 units.
In a given year, the nominal GDP of a country was $2,500 billion and the real GDP was $2,000 billion. What is the GDP deflator for that year?
If the regression line of Y on X is Y =30 -0.9X and the standard deviations are Sx = 2 and Sy = 9, then the value of the correlatio n coefficient rxy i...
Which of the following statement is correct?
1. If autoregressive parameter (p) in an ARIMA model is 1, it means that there ...
Consequences of high multicollinearity:
Two mutually exclusive events
A researcher has to consult a recently published book. The probability of it being available is 0.5 for library A and 0.7 for library B. Assum...
A consumer purchases x1 = 40, x2 = 20 at the prices p1 = 4 and p2 = 12. He is also observed to purchase x1 = 36 and x2 = 8 at the prices p1 = 6 and p2 =...
In the Solow model, what is the effect of an increase in the saving rate on the long-term growth rate of an economy?
For the 2 variables x and y with the same mean, the regression equation are y = 5x+b and x=7y +c. Calculate b/c
