y = B1 + B2x2 + 81D1 +82D2 + √3D3 + e The above model is fitted to model wage (y) against the years of education (x2). The dummy variable D1 takes 1 for male; 0 for female. The dummy variable D2 takes 1 for having children; 0 for having no children. The dummy variable D3 takes 1 for having PhD degree; 0 for having not having PhD degrees. Which coefficient measures the expected wage of female with no children and no PhD degree wižen x2=0? Select one: O a. 63 O b. 82 OC. B1 O d. 61

y = B1 + B2x2 + 81D1 +82D2 + √3D3 + e The above model is fitted to model wage (y) against the years of education (x2). The dummy variable D1 takes 1 for male; 0 for female. The dummy variable D2 takes 1 for having children; 0 for having no children. The dummy variable D3 takes 1 for having PhD degree; 0 for having not having PhD degrees. Which coefficient measures the expected wage of female with no children and no PhD degree wižen x2=0? Select one: O a. 63 O b. 82 OC. B1 O d. 61

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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