SourceSSdfMSNumber of obs29F(1, A=BModel.111807994.111807994Prob > F=0.0109Residual.404158376.014968829R-squared=0.2167Adj R-squared=0.1877Total.515966372801842737 Root MSC=.12235InpriceCoefficient Std. err.t P>|t|[95% conf. interval]bedroomscons.0936127 .034252512.08029 .13189472.73 0.01191.59 0.000.023332411.80967.163892912.35092Given the above STATA output (some values intentionally removed),what is the missing value in the position "A"?

Step 1: There is only one regressor or independent variable in this case, which is, "bedrooms".Thus,…

Answered: Source SS df MS Number of obs 29 F(1, A…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the following computer output of a multiple regression analysis relating annual salary to years of education and years of work experience. Regression Statistics Multiple R 0.7339 R Square 0.5386 Adjusted R Square 0.5185 Standard Error 2137.5200 Observations 49 ANOVA SS df Regression 2 245,370,679.3850 122,685,339.6925 26.8517 MS F Significance F 1.9E-08 Total Residual 46 210,173,612.6150 48 455,544,292.0000 4,568,991.5786 Coefficients Standard Error Intercept Education (Years) 14290.37278 2350.8671 2,528.5819 338.1140 Experience (Years) 829.3167 392.5627 t Stat P-value 5.6515 0.000000961 9200.6014 6.9529 0.000000011 2.1126 0.040093183 Lower 95 % Upper 95% 19,380.1442 1670.2789 3031.4553 39.129 1619.5044 Step 2 of 2: How much would you expect your salary to increase if you had one more year of education?
Jenni has decided to start knitting during quarantine. She decides to open an etsy shop where she can sellknitted hats. Each hat costs $4.50 in materials to produce, in addition to the fee of $150 to license her shop.She plans on selling each hat for $24.50. (a) Write the cost, revenue, and profit equations for Jenni’s hat buisness. (b) Determine the profit if 13 hats are sold.(c) Determine thebreak-evenpoint.
1. The table below presents hypothetical OLS results with used small SUV price information (in dollars) as the dependent variable. Assume that the model is correctly specified and a significance level (p-value) of 0.05. Variable Coefficient P-Value Constant 10,000 0.001 SUV is in Good Condition (GC) 1,000 0.030 SUV is Green (GRN) 500 0.040 Miles on the SUV (MGE) -0.005 0.019 Age of the SUV (AGE) -200 0.007 SUV has a Sunroof (SUN) 400 0.045 The number of miles on the SUV and the age in years of the SUV are continuous variables. The rest of the variables are dummy variables. a. Write the predictive equation for the price of small used SUVs in this market. b. According to this model, what is the predicted price of a 6 year old blue SUV in poor condition with 80,000 miles on it and no sunroof? c. According to this model, what is the predicted price of an 8 year old green SUV in good condition with only 30,000 miles on it and a sunroof?
I. Given: = 1100 (2) P Qd Qs = 3P 100 4. Arc Elasticity where P = 250 and P = 200
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Initial values are: PM $20000 PG = $1.00 I = $15000 A = $10000 QT 200 -.01PT +.005PM -10PG +.011 +.003A This function is: 1.(a). Use the above to calculate the arc price elasticity of demand between Pr = $20000 decreasing to PT = $10000. AQ P₁ + P₂ The arc elasticity formula is:Ep ΔΡ Q₁ +2₂ (b). Judging from the computation in (1a), do you expect the revenue resulting from the price decrease to $10000 to increase, remain the same, or decrease relative to the revenue at the price of $20000? (Hint: see the table on page 65 of Truett). Explain your choice. 2.(a) Calculate the point price elasticity of demand for Toyotas at PT= $20000 (which should make Q₁ = 270). Other variables and their values are given at the top, before question #1. The formula is: dQT PT Ep = ● арт LT (b). Does this elasticity indicate that Toyota demand is relatively responsive to changes in Toyota price? Explain why or why not. 3.(a). Calculate the point gasoline cross-price elasticity between (PG) and Toyota…
What is this equation used for? What do the variables mean? Can you give an example how a research study can be applied to this formula? Does it account for control variables ?
Define the term Break-Even Sales Volume?
ackboard e x CO Remaining Time: 1 hour, 51 minutes, 17 sec = Question Completion Status: QUESTION 13 indicate whether the inputs below are variable (V) or fixed (F) in the short run. Output Input Meat hamburgers. in Fire insurance in dry cleaning. Tires in automobiles. Property tax in textile production. Gasoline in trucking services. Depreciation aircraft production. in For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px "lick Save and Submit to save and submit. Click Save All Answers to save all answers. !!!
Profit Analysis Unendo, is a large computer game manufacturer. They have estimated that the demand function for their game "Star Wars Battlefront III" is as follows... STAR WARE BATTLEFRONT p = 86 - 0.05q where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is ... Clq) = 179 + 5000; where the fixed cost is $5000 and the marginal cost is $17 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the maximum profit they can earn. (Round your answer to 2 decimal places, if necessary)
3)

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