Refer to the following nonlinear model which relates W to P, Q, and R:W = aPbQcRdThe computer output form the regression analysis is: 
Based on the info above, if R decreases by 12% (all other things constant), W will
A. increase by 6%.
B. increase by 72%.
C. decrease by 72%.
D. decrease by 6%.
Answer: B
You might also like to view...
Which of the following is false?
A. The completion of the national railroad network by 1890 led to the development of a national American market rather than just a series of smaller regional markets. B. Before the Civil War the North and the South were in agreement on the issue of protective tariffs, but were in conflict over the spread of slavery into the new Western territories. C. The U.S. was the first mass-consumption society. D. From 1900 to the end of World War I, U.S. farmers prospered.
The present value of $500,000 in 4 years at 7 percent interest is approximately:
A. $381,448. B. $655,398. C. $344,682. D. None of these statements is true.
Which factor of production receives the greatest share of the U.S. national income?
A. Land B. Labor C. Capital D. Entrepreneurship
By convention, there are two major divisions of economics, called:
A. rational economics and irrational economics. B. marginal benefit and marginal cost. C. microeconomics and macroeconomics. D. reservation price and opportunity cost.