The coefficient of a linear regression equation indicates
A) the change in the dependent variable relative to a unit change in the independent variable.
B) the change in the independent variable relative to a unit change in the dependent variable.
C) the percentage change in the dependent variable relative to a unit change in the independent variable.
D) the percentage change in the independent variable relative to a unit change in the dependent variable.
A
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According to the law of one price, identical products should sell for the same price everywhere if
A) transactions costs are zero. B) consumers have knowledge of the prices charged for products in different markets. C) there are no tariffs or other restrictions on imports or exports. D) firms can prevent consumers from engaging in arbitrage.
Refer to the information below. If the firms' managers form a price -fixing cartel that maximizes the firms' total profit, what is price charged in the market?
A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month. A) $100,000 B) $10,000 C) $55,000 D) $5,500
Once a division manager sees that production goal for a time period is likely to be met
a. he has an incentive to increase the pace of production b. he has an incentive to decrease the pace of production c. he does not have an incentive to change the pace of production d. he has an incentive to produce other products
The horizontal segment of the aggregate supply curve:
a. shows that real GDP can increase only by affecting the economy's price level. b. shows that real GDP can increase without affecting the economy's price level. c. depicts a positive relationship between real GDP and the price level. d. depicts a negative relationship between real GDP and the price level. e. marks the full-employment level of real GDP.