Econ 122B Problem Set 3 Name(Print)______________________ Due in class on March 3 UCI ID____________________________ 1. In class‚ we have talked about the following simple wage equation wage female u ‚ where female is a dummy that is equal to 1 if female‚ and 0 otherwise. Given the OLS estimates ˆ and ˆ for the above model‚ what are the OLS estimates for a model with a
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In Samantha Power’s “A Problem From Hell”‚ she describes the terrifying and devastating effects of genocide. She thoroughly explains occurrences of genocide throughout history in nations such as Cambodia‚ Iraq‚ Bosnia‚ Rwanda‚ Srebrenica‚ and Kosovo. The other subject of this book is related to the subtitle‚ “America and the Age of Genocide”. Power describes the invention of the word genocide due to Lemkin‚ and also the struggles of Lemkin‚ Proxmire‚ and other leaders to acquire U.S. involvement
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Value optimization requires interorganizational information sharing and coordination. Without or lack of information system integration causes insufficient data sharing across business processes and activities extending back to the suppliers and forward to customers. The productivity of the business can be decreased dramatically. •Greater inefficiencies due to longer wait times for information. For instance‚ without automated link to current inventory data‚ the customer sales representative
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Problem Set 3 Name: Lauren Hensley Problem Set 3 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 6. 1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices. Price of crackers Quantity Demanded (per month) $3 80 $2.5 120 $2 160 $1.5 200 $1 240 $1.00 - $1.50: -0.333 $1.50 - $2.00: -0.6 $2.00 - $2.50: -1 $2.50 - $3.00: -1.66 If the price of graham crackers is $2.50 should firms raise or lower
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PROBLEM SET 3 Name: ________________________________________ Problem Set 3 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 6. 1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices. Price of crackers Quantity Demanded (per month) $3 80 $2.5 120 $2 160 $1.5 200 $1 240 $1.00 - $1.50: ___________________________________ $1.50 - $2.00: ___________________________________ $2.00 - $2.50: ___________________________________
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Problem Set 3 Macroeconomics‚ ECON 2123 Sections L3 and L4 P. Sen Posted 9.11.14. Due 5 PM 17.11.14. ----------------------------------------------------------------------------------------------------------------------------------- 100 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (25 marks‚ 5 marks each: 2 marks for correct judgment and 3 marks for correct argument) 1. Suppose that workers in the Republic
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Comprehensive Problem 67 (Ch. 5) Ken is 63 years old and unmarried. He retired at age 55 when he sold his business‚ Understock.com. Though Ken is retired‚ he is still very active. Ken reported the following financial information this year. Assume Ken’s modified adjusted gross income for purposes of the bond interest exclusion and for determining the taxability of his Social Security benefits is $70‚000 and that Ken files as a single taxpayer. Determine Ken’s 2009 gross income. a. Ken won $1
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Problem Set 3 Problem Set 3 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 6. 1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices. Price of crackers Quantity Demanded (per month) $3 80 $2.5 120 $2 160 $1.5 200 $1 240 $1.00 - $1.50: Elasticity of demand equals .45; favoring inelasticity $1.50 - $2.00: Elasticity of demand equals .78; favoring inelasticity $2.00 - $2.50: Elasticity of demand equals 1.29; favoring
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Problem set 3 (Answer) 7.6. A farmer uses three inputs to produce vegetables: land‚ capital‚ and labor. The production function for the farm exhibits diminishing marginal rate of technical substitution. a) In the short run the amount of land is fixed. Suppose the prices of capital and labor both increase by 5 percent. What happens to the cost-minimizing quantities of labor and capital for a given output level? Remember that there are three inputs‚ one of which is fixed. b) Suppose only the cost
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Scale | Problems | A(5) | O(4) | So(3) | Se(2) | N(1) | WM | QV | 1 | Restricting access of the system to authorized person only. | F | 7 | 8 | 0 | 0 | 0 | 15 | 4.47 | A | | | Total | (35) | (32) | (0) | (0) | (0) | 67 | | | 2 | Storing of data and information is time consuming. | F | 11 | 4 | 0 | 0 | 0 | 15 | 4.73 | A | | | Total | (55) | (16) | (0) | (0) | (0) | 71 | | | 3 | Organizing of files is stored in filing cabinet. | F | 11 | 4 | 0 | 0 | 0 | 15 | 4.73 | A | | | Total
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