regression analysis

The standard error of the estimate can be used to determine a range within which the independent X variables can be predicted with varying degrees of statistical confidence based on the regression coefficients and the value for the Y variable. Why is this statement true or false?

Diminishing returns

Diminishing returns. See attached file for full problem description.

market equilibrium price-output combination

Qs = Qd P= 3+.000083333Qs P=7-.00005Qd set these equal to each other I know the equilibrium price is $5.50 and the quantity is 30,000 but I'm not good with math steps in between. Please help.

Multiple choice questions on minimum wage, cost curve, marginal revenue, labor demand curve, monopolistic seller, lobbying, maximizing profits

2. Critics of the minimum wage argue that as an antipoverty device it is "poorly targeted." By this they mean that: a. the minimum wage only applies to a small percentage of the labor force. b. many who benefit from the minimum wage are not poor. c. the government has been unable to enforce the minimum wage. d. the average level of wages in the economy is considerably higher than the minimum wage. 7. A change in the price of an input will usually: a. shift a firm's cost curves. b. cause the firm to alter the combination of inputs it employs. c. induce the firm to change its level of output. d. do all of the above. 8. If one worker can pick $30 wor... click for more

3 Multiple Choice Questions

28. Marginal revenue product measures the: (1 point) a. amount by which the extra production of one more worker increases a firm's total revenue. b. decline in product price that a firm must accept to sell the extra output of one more worker. c. increase in total resource cost resulting from the hire of one extra unit of a resource. d. increase in total revenue resulting from the production of one more unit of a product. 29. Marginal product is: (1 point) a. the output of the least skilled worker. b. the amount an additional worker adds to the firm's total output. c. a worker's output multiplied by the price at which each unit can be sold. ... click for more