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Based on the production function parameter estimates reported in Need more help! Based on the production function parameter estimates reported in Table 7.4: 1. Which industry (or industries) appears to exhibit decreasing returns to scale? (Ignore the issue of statistical significance). 2. Which industry comes closest to exhibiting constant returns to scale? 3. In which industry will a given percentage increase capital result in the largest percentage increase in output? 4. In what industry will a given percentage increase in production workers result in the largest percentage increase in output? Students also viewed these Organizational Behavior questions A packaging firm relies on the production function Q = KL + A packaging firm relies on the production function Q = KL + K, with MPL = K and MPK = L + 1……. … firm’s optimal input combination is interior (it uses positive amounts of both inputs). Derive its long-run total cost curve in terms of the input prices, w and r. Verify that if the input prices… Use the estimated elasticities in Table 7– 4 to calculate the Rothschild Use the estimated elasticities in Table 7– 4 to calculate the Rothschild index for each industry. Based on these calculations, which industry most closely resembles perfect competition? Which industry most closely resembles monopoly? Table 4 lists U.S. crude oil production as a percentage of total Table 4 lists U.S. crude oil production as a percentage of total U.S. energy production for…… (B)… each equation to predict oil imports as a percentage of total consumption in 2020.(E) Which of the two lines better represents the data in Table 4? Discuss.Table 4Year Oil Production (%)1960 35… Which industries do you anticipate will experience industry shocks that will spur Which industries do you anticipate will experience industry shocks that will spur merger activity in the near future? Will firms in industries in which high levels of output are necessary Will firms in industries in which high levels of output are necessary for minimum efficient scale tend to have substantial degrees of operating leverage? Eventually, what form of competition is likely to characterize the market for Eventually, what form of competition is likely to characterize the market for internet service? Discuss the characteristics of relations that make them different from ordinary tables Discuss the characteristics of relations that make them different from ordinary tables and files. During the course of an interoffice quality review, it was discovered that During the course of an interoffice quality review, it was discovered that the auditors had failed…… … financial statements, but the auditor does not know whether the market price declines were material.Requireda. What procedures could the auditor now perform to resolve this audit problem?b…. Explain the following two statements: “The opportunity coat of a university degree Explain the following two statements: “The opportunity coat of a university degree is foregone consumption” “Education increases human capita and expands production possibilities”. (5 points) A probability plot of 66 yr of peak discharges for the Kentucky A probability plot of 66 yr of peak discharges for the Kentucky River near Salvisa, Kentucky, is shown in Fig. P3-19 (a) What probability distribution is being used? (b) What are the mean and standard deviation of the peak discharges? (c) If the distribution has other parameters, what are their values? (d) What is the 25-yr flow? (e) What is the 100-yr flow? (f) What is the probability that the annual peak flow will be greater than or equal to 50,000 cfs for all of the next consecutive three years? (g) What is the probability that at least one 100-yr event will occur in the next 33 years? In the next 100 years? (h) Which plotting position has been used to plot the data points? (i) Do the Kentucky River data appear to be skewed? Women are often charged more than men for haircuts performed by the Women are often charged more than men for haircuts performed by the same haircutter. This is not considered price discrimination because: Analyze and explain how you think big banks are (or are not) Analyze and explain how you think big banks are (or are not) ripping off pension funds. Support your response with evidence and examples. 1. Linear Regression a) By assuming X = times and Y = 1. Linear Regression a) By assuming X = times and Y = be amount of people infected a day with certain decease. Y XY 1 2 3 4. 4. 24 3 4. Total b) By using the table above, find the value of: SXY. Sxx, Syy, SSE( sum of square error), $ =VS standard error, slope B, and y-intercept c) Evaluate the sample correlation coefficient rxy = , Find the number of person infected at day 12 Question I continues on the next page… Semester: Fall 2020 STAT-209 Page 2 of 2 d) Find the 90% confidence interval e) Perform hypothesis testing a 0.05 on the slope B, and y-Intercept po Le He: Po-0 v.s. H: Po0, (100] 6. Discuss in detail “Accountants Liability “”. (25 pts.) 1. Don Brown is the owner of a profitable carpentry shop which is outfitted with all the necessary tools and machines to make any kind of furniture. However