If an estimated regression explains none of the variation, R2 will be
A) 0.
B) between 0 and 1.
C) 1.
D) unable to determine with the information given.
A
Economics
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Refer to the table above. If the price of a chair increases to $15, and the rental price of machines is $90 per day, up to how many machines should the firm rent to maximize profits?
A) 1 B) 3 C) 5 D) 6
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Under long-run equilibrium in perfect competition, each firm operates at the minimum point of its average-variable-cost curve
a. True b. False Indicate whether the statement is true or false
Economics