Changing the unit of measurement of any independent variable, where log of the dependent variable appears in the regression:
A. affects only the intercept coefficient.
B. affects only the slope coefficient.
C. affects both the slope and intercept coefficients.
D. affects neither the slope nor the intercept coefficient.
Answer: A
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During 2007, many "subprime" and "Alt-A" borrowers began to default on their mortgages. Describe "subprime" and "Alt-A" borrowers
What will be an ideal response?
The argument that rising energy prices caused the decline in U.S. productivity in the 1970s is made less believable due to the
a. falling level of saving in the 1970s. b. falling level of energy prices in the 1980s. c. rising level of energy prices in the 1980s. d. rising level of energy prices in the 1990s.
If a monopolist's marginal revenue is $35 per unit and its marginal cost is $25, then
A) to maximize profit the firm should increase output. B) to maximize profit the firm should decrease output. C) to maximize profit the firm should continue to produce the output it is producing. D) Not enough information is given to say what the firm should do to maximize profit.
If average total cost is $50 and average fixed cost is $15 when output is 20 units, then the firm's total variable cost at that level of output is
A) $1,000. B) $700. C) $300. D) impossible to determine without additional information.