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How would you relate the mangememt of your family with economics
Utility function u=x^0.5 y^0.5where px= 12birr,px=4birr and the income of the consumer is M=240birr
Use the data file WAGE to work on using STATA and answer the following questions a) Examine the data b) Carry out remedial measure(s) if there is any problem with data c) Regress HRS on RATE, ERSP, ERNO, NEIN, AGE and DEP d) Conduct model specification tests using LINKTEST and OVTEST commands of STATA, and interpret the result e) Perform multicollinearity test f) Perform hetroscedasticity test g) Comment on the explanatory power and adequacy of the model h) Interpret the regression coefficients
Consider Bond XYZ Coupon rate: 9,75% per year Yield to maturity: 11,4% per year Maturity date: 15 April 2046 Settlement date: 29 November 2021 The accrued interest is [1] R1,20205%. [2] R2,34537%. [3] R5,87781%. [4] R1,18207%. [5] none of the above
if the demand for steel increases and, at the same time, improvements in technology lower steel production costs, what would happen to the new equilibrium price and quantity? Price increase, quantity increase Price increase, indeterminate quantity change Price decrease, quantity increase Indeterminate price change, quantity increase Indeterminate price change, indeterminate quantity change
Assume you are managing a firm that recently entered in the transportation service, which is meter taxi service similar with Ride, Feres and others. If you have to estimate the demand for the transportation service you provide, (6 marks) a. What would be the explanatory variables you include in a regression model? b. Indicate how you may utilize the results of your demand estimation for decision�making. c. How do you make your pricing decision? d. What do you think is the market structure for meter taxi transportation in Addis? Give your justifications
In a market system, which of the following is incorrect? A. Prices allocate resources equally among competing industries and sectors in the economy. B. Prices indicate relative scarcities and costs of production. C. Relative price changes are a determinant of firms’ profits and therefore encourage or discourage production. D. Prices are measures of consumers’ willingness to pay for goods and services. E. Prices signal to consumers how much they must sacrifice to obtain a commodity.
Suppose the demand curve is linear and is given by the equation P = a – bQ where P is price and Q is quantity. What is the consumer surplus if the equilibrium price is P* and equilibrium quantity is Q*?