In addition to prediction, one purpose of regression analysis is:
a. to measure the overall "fit" of the model to the sample observations
b. to test whether the slope parameter ? is equal to some particular value
c. to test whether the slope parameter ? is equal to zero
d. b and c
e. none of the above
d
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Is it possible to have a production function that exhibits both a diminishing marginal product of labor and constant returns to scale? Explain
What will be an ideal response?
Exhibit 16-1 Income for two persons NameIncome Elaine$100,000 Daniel$ 40,000 In Exhibit 16-1, if the income tax system is progressive, then:
A. Elaine and Daniel will face the same tax rate and will have tax bills the same size. B. Elaine and Daniel will face the same tax rate but have tax bills that are different sizes. C. Elaine will face a higher tax rate and will have a larger tax bill than Daniel. D. Elaine will face a lower tax rate and will have a smaller tax bill than Daniel.
Given the production possibility tables for the First and Second Bakeries shown, we know that the opportunity cost of producing cookies:First BakerySecond BakeryCookiesPiesCookiesPies018091012306206603300900
A. is higher at Second Bakery. B. is the same at both bakeries. C. is higher at First Bakery. D. cannot be computed without further information.
Which form of business organization accounts for the largest proportion of sales in the United States?
A. the subchapter S partner-based proprietorship. B. the proprietorship C. the partnership D. the corporation