The BLU estimator of the slope parameter under heteroskedasticity is an example of, a biased estimator a Generalized Least Squares estimator an OLS estimator none of tbe above O O O C
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- 3. The followoring shoes Whe produclion Pessibilities frontiers (PPF5) i of individuais A and Bbse. praducdion ob brand and apdes pur day: PPF indu. B Kpples PPp ob Indv. A Biread Apples Bread 12 24 18 12 12 36 24 Witkout specialigalion and trede , indv. A produas send consumes 12 units of Bread and 12 uits of apples, while indu.B produes and consumes 3 6 units ob bruad aud 18 uriks op apples. a) Calculate opporturity Cests of bread and apples for eindv. A and B; and indicate if they have any comparative advantages in production 4 broad aud apples. ) Suppose they agra ti speialige and àrade ; then woho spei alyjes cohat and ahat woould be the new tarms of éxchange ?" on ) I Lustrate a situalioi where both individuals are toetter off abler speialization and trade .EXERCISE 1Below is a production possibilities table for consumer goods (Food) and capital goods(Robots):A B C D EFood 0 1 2 3 4Robots 10 9 7 4 01. Show these data graphically. Upon what specific assumptions is this productionpossibilities curve based?2. If the economy is at point C, what is the cost of one more food? Of one morerobot? Explain how the production possibilities curve reflects the law ofincreasing opportunity costs.3. If the economy characterized by this production possibilities table and curvewere producing 3 food and 2 robots, what could you conclude about its use ofavailable resources?4. What would production at a point outside the production possibilities curveindicate? What must occur before the economy can attain such a level ofproduction?EXERCISE 2Explain how (if at all) each of the following affects the location of a country’s productionpossibilities curve:1. The quality of education increases.2. The number of unemployed workers increases.3. A new technique…internor point of a show that a point I i not on set E f and points{In Cantiqing is a sequence of if there to I and no point I,G E onl Infinix HOT 10
- What are the three Gauss–Markov conditions? Explain.goods, XandY per of good X is N$4 and the price of good Vis No10 Harrys unlity funchon is UCX,)==XY. Harry consumes 2 and he spend's Npbo month The price Find The values of gocal X and Y maximizes Harcys unly illustruate Hary's utlty maximizing.combinason clearly labelled on a graph. Suppose llustrate Harrys price & spod X increased to Ngb effects income and substitution ef the anel laballed graph.. On a given evening, J. P. enjoys the consumption of cigars (c) and brandy (b) according to thefunctionU (c, b) = 20c - c2 +18b- 3b2.How many cigars and glasses of brandy does he consume during an evening? (Cost is no objectto J. P.)b. Lately, however, J. P. has been advised by his doctors that he should limit the sum of glasses ofbrandy and cigars consumed to 5. How many glasses of brandy and cigars will he consumeunder these circumstances?
- Now assume we can derive an economic analysis from the biological relationship. Fisherman select the number of boats to operate - boats will be the choice of EFFORT. Boats Total Harvest 0 (tons) 0 100 200 300 400 500 600 700 800 900 1,200 2,200 2,800 3,000 2,800 2,400 1,600 800 Suppose the price of fish is $1,000 per ton. Suppose the cost to operate a boat for a year is $4,000. Construct a graph showing the total revenue and cost of the fishery. 0 What is the highest profit that can be earned, and how many boats are used for this? ( What is the corresponding long-run stock level associated with the profit-maximizing choice of effort? What is the profit earned if fisherman harvested the MSY? What number of boats are used in open access?dont use chatgpt i will 5 upvotes.Figure#5 Quantily of M&M's (or'o) 10 7. 6-7 Quantly ol Skittles 2. 6. 4.
