In the following equation = 45,000 + 2x with given sales (Y in $500) and marketing

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In the following equation ŷ = 45,000 + 2x with given sales (Y in $500) and marketing (X in dollars), what does the equation imply?

A. An increase of $1 in marketing is associated with an increase of $46,000 in sales.

B. An increase of $1 in marketing is associated with an increase of $1,000 in sales.

C. An increase of $2 in marketing is associated with an increase of $46,000 in sales.

D. An increase of $2 in marketing is associated with an increase of $1,000 in sales.

Related Book For answer-question

Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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Posted Date: Mar 22, 2022 01:22 AM

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In the following equation = 45,000 + 2x with given sales (Y in $500) and marketing

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The regression equation as given in the question 45 000 2x i Here y in 500 and ... View the full answer

Macroeconomics Theories and Policies

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