Question: Suppose the coefficient on Age is 3,912. The coefficient on Income is 0.14 and the coefficient on the Interaction Term between Age and Income is

Suppose the coefficient on Age is 3,912. The coefficient on Income is 0.14 and the coefficient on the Interaction Term between Age and Income is 0.002. What is the Marginal Effect for Age when the value of Income is $54,000?

Group of answer choices

a)3,912

b)3,912.14

c)4,020

d)54,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Do you agree with the accounting treatment that Overstock typically applied to the revenues generated by its "Partner" line of business? Why or why not?

linear regression doubt. Question 1 1 pts Suppose the following are the results of a linear regression with the unemployment rate in decimal form as the dependent variable and population density and...

Ex 11-2... question is attached... Exercise 11-22 Break-even sales and sales mix for a service company Yellow Dove Airways provides air transportation services between Portland and Minneapolis. A...

Return Predictability along the Supply Chain F.AJ inancial Analysts Journal Volume 66 . Number 3 @2010 CFA Institute these two studies were based on the idea that the 2007, the last month for which...

1 Managerial Economics (ARE) 106 University of California, Davis Instructor: John H. Constantine Homework 4Due Wednesday, June 1, 2016 The Rules/Procedures: A. We will randomly choose which problems...

AA Case Scenario -Berber Bread Yousef Tizir, Jr., CEO of Berber Breads Co. (BBC), Inc. offered his closing comments and then disconnected the conference call. The call had been with Costco...

Use the regression results for the Traffic Fatality dataset that are shown above. Use Model (4) to answer the following questions. For a-c, round final answers to 3 decimal places. a) Construct a 95%...

a) Estimate the model nettfa = Bo+ Biinc+ B2inc + Bage + 4age + Bsmarr + Bofsize + B7e401k+u using OLS with default standard errors: reg nettfa c.inc#3 #c.inc c.age #23%2c.age marr fsize e401k Note:...

help mi The faculty at the Smith School have started sharing their business contacts with the administration and students to help in recruiting efforts. The hope is that these business contacts will...

3 1. Open mroz87.gdt (it's a sample file included in gretl). Estimate the following model in gretl with OLS: WHR S i= 0+ 1 W Ei + 2 MTR+ 3 W W i + i a. What is the estimated value of 1 ? b. List your...

a)Prepare genral journal entries for all of the above transactions and year-end adjustments. For the initial purchase, you need only to record one debit for each security category. b) what...

Fanning Company is considering the addition of a new product to its cosmetics line. The company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. Relevant...

Course Messages Forums Calendar Gradebook Home > Math 1 2 0 1 ( 2 8 0 1 5 9 ) SU 2 > Assessment Homework 3 Score: 1 6 / 1 2 8 Answered: 1 6 / 1 2 8 Let f ( x ) = x 2 . According to the definition of...

An electron is in a narrow molecule 4.4 nm long, a situation that approximates a one-dimensional infinite square well. If the electron is in its ground state, what is the maximum wavelength of...

Use the data in APPROVAL to answer the following questions. (i) Estimate the equation using first differencing and test the errors in the first-differenced (FD) equation for AR(1) serial correlation....

Use the data in APPROVAL to answer the following questions. See also Computer Exercise C14 in Chapter 10. (i) Compute the first order autocorrelations for the variables approve and lrgasprice. Do...

Convert each of the following fractions into decimal form. If appropriate, place a dot or horizontal line above a decimal number to show that it repeats. 7/9

Using the period 201012 as the base period, compute a simple index of domestic sales for each year from 2013 to 2018. Johnson & Johnson Domestic Sales International Sales ($ illion) ($ million)...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

An action plan is prepared.

2. In this chapter, the reader should reflect on the following concepts: personal change competence, personal achievements, personal benchmarking, personal motivation strategy, personal mastery...

The tools are structured and for improving the individuals communication skills.