The Variance of Y_i Is Given by
A) $\beta _ { 0 } ^ { 2 }$

question 42

Multiple Choice

The variance of Y_i is given by

• A) \(\beta _ { 0 } ^ { 2 }\) + \(\beta _ { 1 } ^ { 2 }\) var(X_i)+ var(u_i).
• B)the variance of u_i.
• C) \(\beta _ { 1 } ^ { 2 }\) var(X_i)+ var(u_i).
• D)the variance of the residuals.

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Marginal Cost

Marginal Cost is the cost of producing one additional unit of a good.

Average Variable Cost

The cost of labor and materials divided by the total output, representing the variable costs per unit of output.

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