Consider a product market with a supply function Qs i = b0 + b1 Pi + u s i , a demand function Qd i = g0 + u d i , and a market equilibrium condition Qs i = Qd i , where u s i and u d i are mutually independent i. i.d. random variables, both with a mean of zero. a. Show that Pi and u s i are correlated. b. Show that the OLS estimator of b1 is inconsistent. c. How would you estimate b0 , b1 , and g0 ? Stock, James H.. Introduction to Econometrics (Pearson Series in Economics (Hardcover)) (p. 463). Pearson Education. Kindle Edition.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80