Multiple Choice
Using Excel, Best Paints estimates the log- linear weekly demand function for their gallon sized paints to be ln Qd = 16.23 - (1.85 × ln P) . At a price of $35, what is the predicted natural logarithm of the quantity (ln Q ) ?
A) 0
B) 15,562.20
C) 9.65
D) - 48.52
Correct Answer:
Verified
Correct Answer:
Verified
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