A firm is experiencing theft problems at its warehouse. A consultant to the firm believes that the dollar loss from theft each week (T) depends on the number of security guards (G) and on the unemployment rate in the county where the warehouse is located (U measured as a percent). In order to test this hypothesis, the consultant estimated the regression equation T = a + bG + cU and obtained the following results: Based on the above information, a one percent increase in the level of unemployment in the county results in an increase in losses due to theft of ________ more losses per week.

Which of the following are counterarguments to the viewpoint that taxes are social tools by which we can achieve a more equal society?

a. Redistribution of income through government is unfair coercion of those with higher incomes. b. Inequality is frequently the result of higher productivity and thus is just. c. Equality of income occurs naturally over the life cycle so redistribution at one point in time disrupts this natural process. d. a and b e. a and c

Given that the firm offers both the products, what is the maximum price it can charge for the high-end wok to have the chefs only buy the high-end wok?

a. $70 b. $80 c. $90 d. $100