Which of the following measures of fit penalizes a researcher for estimating many coefficients with relatively little data?
A. Adjusted R-square
B. R-square
C. t-statistic
D. Neither the t-statistic, the R-square, nor the adjusted R-square
Answer: A
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Refer to the table below. If the cost per unit of advertising is constant at $820, what is the level of advertising per week that maximizes the industry joint profit?
Suppose the dairy industry is made of up only by the three firms above; Cow Haven, Free Cows, and Happy Cows.
A) 1 B) 4 C) 2 D) 3
Which of the following will have a downward impact on efficiency wages?
a. Low monitoring costs b. Excess supply in the labor market c. High equilibrium wage rate d. Excess demand in the labor market
Suppose the market demand curve is given by Qd = 80 - 10P, and the market supply curve is given by Qs = 10 + 15P. What is the equilibrium price and quantity?
A. P* = $2.80 and Q* = 54 B. P* = $2.80 and Q* = 52 C. P* = $2.60 and Q* = 54 D. P* = $3.00 and Q* = 55
If the population increase in India is smaller than the increase in Indian real GDP, then GDP per capita will
A. decrease. B. increase. C. remain constant. D. increase more slowly than real GDP.