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- What is the marginal effect of experience if a baseball player has 5 years of experience? Call: lm(formula Salary = Residuals: Min 1Q Median Max 3Q -7596287 -2108665 -462907 1582398 21522851 Coefficients: HR R (Intercept) -1820768 Experience ExperSq --- Estimate Std. Error t value Pr(>ltl) 845,369 Experience + ExperSq+ HR + R, data = Baseball_for_R) 845369 -23846 93232 31963 Signif. codes: 0*** 0.001 **' 0.01 * 0.05 0.1' -23,846 Residual standard error: 3451000 on 406 degrees of freedom Multiple R-squared: 0.4736, Adjusted R-squared: 0.4684 F-statistic: 91.3 on 4 and 406 DF, p-value: < 2.2e-16 606,909 359743 -5.061 6.32e-07 *** 7.066 6.98e-12 *** 119636 8236 -2.895 0.003994 ** 26782 3.481 0.000553 *** 8645 3.697 0.000248 *** 3,630,695 1Profit Analysis Unendo, is a large computer game manufacturer. CALL DUTY WWII They have estimated that the demand function for their game "Call of Duty: WWIII" is as follows ... p = 82 - 0.05q; where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is ... C(q) = 22g + 5000; where the fixed cost is $5000 and the marginal cost is $22 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the price, p, per game that generates maximum profit. (Round vour answer to 2. decimal places if necessarv). 8.i need help with this question 8 from my microeconmics assigments. i have already gotten it wrong twice.
- 112 A production company is studying the relationship between the average cost/unit and number of units produced in a batch. A sample of 10 batches is selected and the data is given below. No. of Units Produced 20 35 50 65 80 95 110 120 135 -150 Cost/unit 37.7158 36.0158 30.8158 27.8158 20.0364 16.9064 14.3766 13.8564 13.9696 13.847Windhoch Maulacture Company son a government tender to manufacture nurse's uniform. Recently, hindhekh Manulaqure Commpon, hired an economist to estimatk its cost function For proclucing nursels unitho. The estimated cosk funChonis: TC=400Q-5007504here Q is the quantity of nurse's. luniform podiced l0oWhat is the level of auput at which the poduction. 6e the uniform minimizes the ATCP companys
- Hi, I have been trying to compute the optimal values from this lagrangian. But I can't seem to find a way to get the values from the answer key. I attached both the question and answers. Could you please explain to me how to get these values from the first-order conditions? Thank you very muchGive me an example How Efficient are Graphical techniques – scatter plots for Estimating Costs?If you help answer quickly and correctly I will give a thumbs up! Thank you! :)