How would you interpret the slope coefficient of the following regression output given that X represents individual height in centimeters and Y represents wages in rands/hour. Y₁ = -33+ 4.3X₁ O A. On average, when an individual's height is zero, they pay their employer R33 per hour. B. On average, taller individuals earn higher wages. O C. On average, for each one centimeter increase in height, a given individual will lower their wage by R4.3 per hour. O D. On average, for each centimeter in height, an individual will increase their wage by -33 + R4.3 per hour. O E. On average, when an individual reduces their height by one centimeter, they necessarily increase their wages by R4.3 per hour.

How would you interpret the slope coefficient of the following regression output given that X represents individual height in centimeters and Y represents wages in rands/hour. Y₁ = -33+ 4.3X₁ O A. On average, when an individual's height is zero, they pay their employer R33 per hour. B. On average, taller individuals earn higher wages. O C. On average, for each one centimeter increase in height, a given individual will lower their wage by R4.3 per hour. O D. On average, for each centimeter in height, an individual will increase their wage by -33 + R4.3 per hour. O E. On average, when an individual reduces their height by one centimeter, they necessarily increase their wages by R4.3 per hour.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter11: Profit Maximization

Section: Chapter Questions

Problem 11.8P

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