TABLE 14-5 A Microeconomist Wants to Determine How Corporate Sales Are Influenced

question 156

Multiple Choice

TABLE 14-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
-Referring to Table 14-5, what are the predicted sales (in millions of dollars) for a company spending $500 million on capital and $200 million on wages?

• A) 15,800.00
• B) 16,520.07
• C) 17,277.49
• D) 20,455.98

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Definitions:

Equal Employment Opportunity Commission

A federal agency in the United States responsible for enforcing laws that prohibit discrimination in the workplace.

National Labor Relations Act

Also known as the Wagner Act, it's a fundamental law in the United States that protects the rights of employees to organize and to bargain collectively with their employers.

Fair Labor Standards Act

United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

National Labor Relations Act

A foundational United States labor law that protects the rights of employees to organize and to bargain collectively with their employers.