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Suppose you want to extend Model 1 to have a quadratic model, such as: Model5: Y i=b 0 b 1 Xi b 2 Xi 2
Suppose you want to extend Model 1 to have a quadratic model, such as: Model5: Y i=b 0 b 1 Xi b 2 Xi 2 ei Find the marginal effect of the annual income on the health insurance premium. Suppose a person earns a $50,000 yearly wage and salary. What is the marginal effect of the health insurance premium if he/she has $10000 extra income? given that b1=0.0019393
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
