Abank developed a model for predicting the average checking and savings account balance as balance= - $17,732 +367 x age + $1300 x years education +0.116 x household wealth.
a. explain how to interpret the numbers in this model
b. using excel input a customer 32 years old, is a college graduate (16 years of education) and has a household wealth of $150,000. what is predicted bank balance using excel

Which two of the following are benefits of consumer programs

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question