The file CEOSAL2.RAW contains data on 177 chief executive officers and can be used to examine the effects of firm performance on
CEO salary. (i) Estimate a model relating annual salary to firm sales and market value. Make the model of the constant elasticity variety for both independent variables. Write the results out in equation form. (ii) Add profits to the model from part (i). Why can this variable not be included in logarithmic form
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
The equation for the monthly charge has the following format
In which y(x) is the cost in function of the number of kilowatt-hours used(x), a is the price of each killowatt hour and b is the fixed(base) charge.
Base charge of $17.32 per month.
This means that
charge of 7.32 cents per kilowatt-hour
Our answer is in dollars. Each dollar is 100 cents. So 7.32 cents is
Write an equation for the monthly charge y in terms of x, the number of kilowatt-hours used.