subject
Business, 14.09.2021 01:00 evan67

In the linear consumption function cons 5 b^ 0 1 b^ 1inc, the (estimated) marginal propensity to consume (MPC) out of income is simply the slope, b^ 1, while the average propensity to consume (APC) is cons/inc 5 b^ 0/inc 1 b^ 1. Using observations for 100 families on annual income and consumption (both measured in dollars), the following equation is obtained: cons 5 2124.84 1 0.853 inc n 5 100, R2 5 0.692. (i) Interpret the intercept in this equation, and comment on its sign and magnitude. (ii) What is the predicted consumption when family income is $30,000

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 12:00
Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog
Answers: 2
question
Business, 22.06.2019 16:50
In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase
Answers: 1
question
Business, 22.06.2019 21:10
This problem has been solved! see the answerthe xyz corporation is interested in possible differences in days worked by salaried employees in three departments in the financial area. a survey of 23 randomly chosen employees reveals the data shown below. because of the casual sampling methodology in this survey, the sample sizes are unequal. research question: are the mean annual attendance rates the same for employees in these three departments? days worked last year by 23 employees department days worked budgets (5 workers) 278 260 265 245 258 payables (10 workers) 205 270 220 240 255 217 266 239 240 228 pricing (8 workers) 240 258 233 256 233 242 244 249 picture click here for the excel data filefill in the missing data. (round your p-value to 4 decimal places, mean values to 1 decimal place and other answers to 2group mean n std. dev variancesbudgets payables pricing total one factor anova source ss df ms f p-value treatment error total
Answers: 2
question
Business, 23.06.2019 07:50
Acountry has reached a level of economic development where the manufacturing of both semidurable and nondurable consumer goods has just begun. also, the goods demanded relate to equipment and supplies to support manufacturing. in which stage of rostow’s five-stage model of economic growth does the country fit?
Answers: 1
You know the right answer?
In the linear consumption function cons 5 b^ 0 1 b^ 1inc, the (estimated) marginal propensity to con...
Questions
question
Mathematics, 18.08.2021 03:10
question
Mathematics, 18.08.2021 03:10
Questions on the website: 13722363