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You Have the Following Economic Model Y = β\beta 1 β\beta

Question 18

Multiple Choice

You have the following economic model y = β\beta 1 + β\beta 2x + β\beta 3x2
If β\beta 2 is positive and β\beta 3 is negative what is the general shape of F(x) ?


A) U-shape
B) Inverted U
C) Sigmoid
D) rectangular hyperbola

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