Given the Least Squares Regression Line , and a Coefficient

question 201

Multiple Choice

Given the least squares regression line , and a coefficient of determination of 0.81, the coefficient of correlation is:

• A) -0.66
• B) 0.81
• C) -0.90
• D) 0.90

Understand the supply function and its derivation from production and cost conditions.

Recognize the significance of input prices on firm's production decisions and supply function.

Understand the implications of market structure on firm behavior, including perfect competition.

Analyze the role of fixed and variable costs in firm's production and pricing decisions.