This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following refers to a relatively high correlation among the independent variables of a ... (Read 82 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
Which of the following refers to a relatively high correlation among the independent variables of a regression equation?
 
  A) autocorrelation
  B) the identification problem
  C) statistically insignificant regression coefficients
  D) multicollinearity

Question 2

A firm currently employs five units of capital. When the firm adds a sixth unit of capital, it is able to reach a lower average cost for a greater quantity of output.
 
  What does this tell you about the shape of the long-run average cost curve and are economies of scale occurring? Explain briefly. Does this necessarily imply increasing or decreasing returns to scale in production or is it ambiguous? Explain briefly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

Because the average cost is decreasing as the firm increases output, the long-run AC is falling and the firm is experiencing economies of scale. Returns to scale is ambiguous. While IRTS imply EOS, EOS can occur even in the presence of DRTS or CRTS.


D2AR0N

  • Member
  • Posts: 561
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Deconvolution fluorescence microscopy yields high-resolution optical sections th Deconvolution fluorescence microscopy yields high-resolution optical sections th
A high-performance aftermarket air filter often can increase airflow into the engine for more ... A high-performance aftermarket air filter often can increase airflow into the engine for more ...
Independent assortment for two traits in humans follows the same pattern of inheritance as traits in Independent assortment for two traits in humans follows the same pattern of inheritance as traits in
Table - Correlation Analysis Table - Correlation Analysis
Aphid and High Fluid Pressure Aphid and High Fluid Pressure
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library