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For the simple regression model of Chapter 4, you have been given the following data: = 274, 745.75; = 8,248.979; = 5,392, 705; = 163,513.03; = 179,878, 841.13
(a)Calculate the regression slope and the intercept.
(b)Calculate the regression R2
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User Cost
The cost associated with the use of a capital good, which includes the opportunity cost of not using the good in an alternative way and the depreciation cost.
Quantity Extracted
The amount of a resource or good that is removed or harvested from its source over a specific period.
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