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, the estimated value of a is
A. 2.66
B. 12.182
C. 0.916
D. 2.50
Answer: B
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If you sold a short contract on financial futures you hope interest rates
A) rise. B) fall. C) are stable. D) fluctuate.
Something that would cause the long-run aggregate supply curve to shift to the right would be the:
A. unemployment rate decreasing. B. discovery of a new oil reserve. C. inflation rate decreasing. D. The long-run aggregate supply curve is fixed, and does not shift.
Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3 . They agree to split the lunch bill evenly. Mason chooses a taco. The marginal cost to Jacob of ordering a burrito instead of a taco is
a. $1. b. $2. c. $2.50. d. $3.
All of the following will cause the aggregate supply curve to shift to the right EXCEPT
A. an increase in marginal tax rates. B. a reduction in international trade barriers. C. a reduction in input prices. D. discoveries of raw materials.