Use the data set wage2.dta to estimate the following model: log (wage) = β0 + β1educ + β2exper + β3tenure + β4married + β5south + β6urban + β7black + β8iq + u (a) use the variable kww (the "knowledge of the world of work" test score) as a proxy for ability in place of iq. what is the estimated return to education in this case? (b) now, use iq and kww together as proxy variables. what happens to the estimated return to education? (c) in part (b), are iq and kww individuall significant? are they jointly significant?

Consider the following limit order book for a share of stock. the last trade in the stock occurred at a price of $50. limit buy orders limit sell orders price shares price shares $49.75 500 $49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. if a market buy order for 100 shares comes in, at what price will it be filled? (round your answer to 2 decimal places.) b. at what price would the next market buy order be filled? (round your answer to 2 decimal places.) c. if you were a security dealer, would you want to increase or decrease your inventory of this stock? increase decrease

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.