5. Using the table below, if the firm produces at an output of four, what is their average and marginal cost? 9012345 TC 110 180 FC a. ATC $10; MC = $30. b. ATC $20; MC-$45. - VC 20 ATC c. ATC=$30; MC = $35. d. indeterminate from the given information. AFC 30 AVC 20 MC 10

Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56   What do these MPC’s imply about the students’ thinking over the course of the year?   (Enter response here.)   What is likely happening in the economy during the same period of time?

Chegg Home Expert Q&A My solutions Student question Time Left: 00:09:16 Use the data set Home Morloage Disdosure Act Data (HMDA) from the AER package. Subtract 1 from the factor "Was the mortage denied?". Then, eatimate the Inear regression model of paymentsto - income rato on the factor "Was the mortage denied?" ising Ols. Based on these results, the prebabity a mertougo will be denled if the payment - to - income ratio is equal to 2 is a. 1.13 b. 0.107 c. None of these d. 0.52 e. 1.00 Use the data set Home Mortgage Disclosure Act Data (HMDA) from the AER package. Subtract 1 from the factor "Was the mortage denied?". Then, estimate the linear regression model of payments-to-income ratio on the factor "Was the mortage denied?" using OLS. Based on these results, the probability a mortgage will be denied if the payment-to-income ratio is equal to 2 is a. 1.13 Ob.0.87 Oc None of these d.0.52 1.00

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