Search & Filtering
Justify
1)Merchandise exporters do not typically wish to be in speculative positions, which add an element of
uncertainty to their business.
2)Imbalance in the balance of payments may occur if the exchange rate is fixed, but it will not occur if the rate
is flexible enough to attain its equilibrium level.
Suppose the short run production function can be represented by
Q=60,000L^2-1000L^3 then, determine
A) the level labor employement that maximazes the level of output
B) the level of employment that maximazes APL and the maximum APL
Suppose you have the following production function , Q=f(L,k)=10L1/2K1/2. In addition the price of labor is$1and the price of capital is$4. So what is the optimal amount of labor and capital if you want to produce 20 units?
Assume a wheat producing farmer engaging in selling its product under perfect competition market faces cost functions as TC= Q3 -2Q2 +8Q and Average revenue of the farmer is given as Birr 8 . Having this information, A) Determine the optimal level of output and price in the short run. B) Calculate the economic profit (loss) the farmer will obtain (incur
price elasticity of a product is -0.8.if the firm raises price of the product,what happened to its revenue
- suppose you are a monopolist and find that the demand elasticity of your product is different in two markets what would be your pricing strategy
Fill in the gaps in the table below
QuantityofVariableinputTotalOutputMarginalProductofVariableinputAverageProduut
0 0
1 225
2 300
3 300
4 1140
5 225
6 225
Does positive value of x make economic sense and what is underlying economic theory
I. True/False/Uncertain - Briefly explain
1. GMSE is bigger with more Xs than the true model than with less Xs.
2. If the exit criterion sls in automatic search is elevated, then the model ends up with less Xs in it.
3. If βˆ = 0.01 in a logit model, then for each unit increase in X, the probability that Y=1 is on average higher by 1%, ceteris paribus.
4. A model with 98% correct classification rate is a useful model.
5. With the cumulative logit, the probability to be in the second highest category K-1 or higher is pK−1 = FK−1 − 1.
6. If the p-value=0.06 of testing Poisson vs. Negative Binomial model with the χ 2 1 distribution, one should use the Poisson model.
7. With all observations in the same cluster, RSQ = 1.
8. With 500 multiple imputation samples generating 500 predictions of 0 or 1 for the binary dependent variable for each observation, to combine the 500 predictions into one for each observation, one has to take the mean of all 500 predictions and use a cutoff of 50%.
Suppose you are a monopolist and find that the demand elasticity of your product is different in two markets. What would be your pricing strategy?
