Econometrics answers using the ols estimates shown in the table below, compare the estimated effects of a 13 % increase in ave
1 answer:
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Answer:
The cost of 1 gallon is $2.5
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Step-by-step explanation:
Given
Cost of 14 gallons = $35
Required
Determine the cost of 1 gallon
From the given parameters, we have:
Divide both sides by 14
Hence,
<em>The cost of 1 gallon is $2.5</em>
Answer:
Step-by-step explanation:
The given function is
Let
Interchange x and y.
Solve for y,
Divide both sides by 2
Therefore;