why we shouldn't use "specific to general approach" of augmentation order p in econometrics? what problems it causes in application?

Q: W The following question refers to the diagram below, which illustrates the marginal private cost,…

A: To find the change in social surplus due to the introduction of the per unit tax equal to the…

Q: Use the frequency distribution shown below to construct an expanded frequency distribution. High…

A: Step 1: State the given table:  Step 2: Create a table with headers of Class, Frequency, Midpoint,…

Q: 3. Comparing salaries from different times Consider golfers who led the Professional Golfers'…

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Q: Hand written solutions are strictly prohibited

A: Aggregate Demand (AD):Represents the total amount of goods and services demanded in an economy at…

Q: Give every answer step by step and take a like

A: Let's proceed with the analysis based on the computed data.Solution By StepsStep 1: Calculate…

Q: Listen Number of People Category (Millions) Total Population 300 Working-Age Population 210 Labor…

A: The unemployment rate is a measure of the proportion of the civilian labor force that is unemployed…

Q: A company has total revenue of $50,000,000, cost of sales of $40,000,000, operating expenses of…

A: Step 1:We have to calculate the earnings per share.The formula of earnings per share:Earnings per…

Q: pamela sells 10 bottles of olive oil per week at $5 per bottle. she can sell 11 bottle per week if…

A: The output effect refers to the change in revenue resulting from the change in quantity sold when…

Q: Suppose the supply curve of motorized scooter rentals in Golden Gate Park is given by: P = 5 + 0.1Q,…

A: Find the Equilibrium Price and Quantity:Set the supply (P) equal to the demand (P) to find the…

Q: Aggregate macroeconomic equilibriums Please graphically display a graph for each and all the…

A: 1. Impact of a Severe Drop in Stock PricesA sharp decline in stock prices typically reduces…

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: Detailed Explanation:Part a:1. Finding Disposable Income (YD):Disposable income is calculated as…

Q: Ray earns an income of $250,000 per year in Country X. Suppose for the year 2014 there is a…

A: To calculate the tax amount under the federal income tax bracket for Ray's income in 2015, we need…

Q: Many Government programs both redistribute income and correct a market failure. What are the market…

A: Government programs often aim to both redistribute income and correct market failures, reflecting a…

Q: None

A: Approach to solving the question: evaluate statement  Detailed explanation: The Areeda-Turner test…

Q: 1. Draw a country's after-tax marginal product of capital as a function of +. The plot of the…

A: To answer this question, let's break down the components:1. After-tax Marginal Product of Capital…

Q: How do you draw a health production function with individuals receiving some health producing…

A: Approach to solving the question: Detailed explanation:  Examples: Key references:

Q: Imagine that there are two people in one room - Mary and Jane. Mary is smoking cigarettes. The table…

A: Referenceshttps://www.investopedia.com/terms/m/marginalbenefit.asp

Q: Which MOST likely will increase unemployment in the short run? a. a positive supply shock b. a…

A: Stagflation is a complex economic phenomenon characterized by the simultaneous occurrence of slow…

Q: Which of the following is a tool of monetary policy used by central banks to control the money…

A: One essential tool of monetary policy that central banks use to control the amount of money in an…

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

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Q: Suppose you have two persons, one with more elastic demand for medical care than the other. If they…

A: Impact of Health Insurance on Demand for Medical CareTo answer the question about whose demand will…

Q: Back to Assignment Attempts 1 1 Keep the Highest 1/4 11. Costs in the short run versus in the long…

A: Economies of scale arise when a large number of outputs can be produced with decreasing average…

Q: Which of the given situations does not describe a "complication" of purchasing power parity theory?…

A: Option a: This option is incorrect because it illustrates how American and Mexican consumers have…

Q: None

A: Suruhanjaya Reid adalah sebuah badan yang ditubuhkan oleh kerajaan British pada tahun 1956 untuk…

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: For Factor F3:Beta for F3 = (Weight of Stock A * Beta of Stock A) + (Weight of Stock B * Beta of…

Q: None

A: The correct answer is: $3 and 7 unitsEquilibrium point is the state where the quantity demanded of a…

Q: [Related to the Solved Problem] Consider the following data: Currency Checkable deposits Bank…

A: a. Currency-to-deposit ratio:This ratio shows the proportion of currency held by the public relative…

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A: Aggregate Demand (AD)Aggregate Demand represents the total demand for goods and services in the…

Q: Question 3 D If Patricia's company has an external reinvestment rate (E) of 11%, wha the ERR of her…

A: Step 1:Step 2:Step 3:Step 4:

Q: Suppose that over a year a country's national savings amount to $32B, its net exports of current…

A: To find the country's balance on secondary income, we can use the formula:Balance on Secondary…

Q: a. If a producer tries to sell oranges at a price of $0.50 per pound, what will be the quantity…

A: Demand:Demand represents the quantity of a good or service that consumers are willing and able to…

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: Part bSuppose that Lorenzo works for Clear Drop Co, a perfectly competitive firm producing water…

Q: k Capital Account Current Account -$2 billion -$537 billion The accompanying table contains data on…

A: The balance of payments (BoP) is a record of all economic transactions between residents of a…

Q: Allen Construction purchased a crane 6 years ago for $130,000. They need a crane of this capacity…

A: Step 1:  a) Use cash flow approach (insider's viewpoint approach) we can analyze this scenario using…

Q: 8. Spencer Enterprises must choose among a series of new investment alternatives. The potential…

A: Integer Programming Model for Spencer Enterprises InvestmentHere's an integer programming model to…

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A: Current world price (Pw) = $3Tariff (t) = $1New world price (world price after tariff), Pw' = Pw + t…

Q: Using sound economic theory, develop a macroeconomic econometric model that would test the…

A: Econometric Model of Globalization and Economic Development in South AfricaThis model aims to…

Q: The demand and supply curves for beach volleyballs are given by: D = 80-4P S = -2+2P The current…

A: Given information: D = 80 - 4P  ( demand function due to negative sign of price coefficient),S = -2…

Q: Suppose the money market for some hypothetical economy is given by the following graph, which plots…

A: The equilibrium interest rate and money is determined by the intersection of MSNMD curves. The price…

Q: In the following diagram, Sd and D are the domestic supply and demand for a product and Pc is the…

A: The graph shows a situation of domestic supply (Sd) and demand (D) for a product. The world price is…

Q: please help me with question 2 and 3

A: Question 2:To determine which country has the comparative advantage in which good, and which has the…

Q: the price of a dozen eggs falls from $2.50 to $1.50. in response to this price change the quantity…

A: Price Elasticity of Demand: Price elasticity of demand (PED) is a measure of how responsive the…

Q: Consider the decisions of a representative consumer whose preferences are given by u(C, 1) = C+ Bl₁,…

A: C=1/λ2​To find the optimal labor supply Ns for the representative consumer, we need to maximize the…

Q: 31. In a competitive industry: A) all firms will earn above-normal profits if demand is high. B) the…

A: Detailed explanation:Under perfect competition, there are many buyers and sellers, and prices…

Q: eco

A: Part 2: Explanation:Step 1: Determine the cash flows for the eight years.- Calculate the anticipated…

Q: Give exact answer to every part step by step and take a like

A: AR (Average Revenue): This line starts high and slopes downward, representing how the average…

Q: Two small engines are designed to help cleaning operation in a petrochemical company. Both seem to…

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Q: When aggregate demand declines, efficiency wages might contribute to downward wage inflexibility, at…

A: Businesses, as a consequence, might be forced to work harder to reduce their expenses by lowering…

Q: No answer from Chat GPT please

A: Step 1: Convert the export price from Euro to Canadian dollars.Export price in Canadian dollars =…

Q: Use the method of undetermined coefficients or the method of differential operators to find one…

A: Solution By StepsStep 1: Solving the Differential Equation I applied the method of undetermined…