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Author Question: As a researcher, which aspect of the results would be of greatest concern? A) the negative value ... (Read 88 times)

Tirant22

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on: Jul 1, 2018
As a researcher, which aspect of the results would be of greatest concern?
 
  A) the negative value of the constant (i.e., -6,500)
  B) the relatively low impact of the competitor's price
  C) the fact that not all of the variables are statistically significant
  D) the poor fit of the regression line

Question 2

If a city decides to lift restrictions on how many taxi cabs can operate, social welfare will increase.
 
  Indicate whether the statement is true or false


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lcapri7

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

True . Even though turning producer surplus into consumer surplus doesn't increase total welfare, the elimination of the deadweight loss that resulted from the limit does.


Tirant22

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Excellent

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