Author Question: As a researcher, which aspect of the results would be of greatest concern? A) the negative value ... (Read 134 times)

Tirant22 · **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

lcapri7 · **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.