a. Yes, as the coefficient of t is positive we have a positive trend.
b. Yes, the t ratio for each dummy variable is statistically significant which shows
seasonality is significance. The coefficient for dummy
2. a. Monopolies are usually inefficient and carry dead weight loss its to do with demand and
supply raising prices will lower demand and may even be negative for the company to do so
especially if they are runn
a. Bridgets total budget is $80. If she purchases 3 bottles of wine for $30 she would
gain 150 units. Spending $50 on cheese would buy her 12.5 lbs of cheese, giving her
500 unit of utility. That would give he
Saudi Arabia: We'll pump more oil. and prices will rise
Saudi Aramco, the kingdom's state-owned oil company, will continue to increase
production to meet rising demand, and he expects prices to start rising by early 2017.