Describe the transition from the ownership to the access eco…

Describe the transition from the ownership to the access economy and how the money economy versus the time economy work in the music industry. What activities are involved in each of these for artists? How has the consumer access to the music and to the artist changed? Explain.

Fama and MacBeth (1973) [Risk, Return, and Equilibrium: Empi…

Fama and MacBeth (1973) [Risk, Return, and Equilibrium: Empirical Tests, Journal of Political Economy 91, 607-636] is one of the “standard” references on testing the CAPM.   Using first- and second-pass equations with clearly defined terms, describe the cross-sectional testing procedure employed by Fama and MacBeth. [8] What are four hypotheses and implications of the second-pass model of Fama and MacBeth? [6] What are the methodological issues faced by Fama and MacBeth and how do they address them? [8] The significance of their estimates was determined using an approach that is now called the “Fama-MacBeth t-statistics” and is commonly used in Corporate Finance. How is this computed? [3]

You want a plant population of 21,000 plants/acre. The seed…

You want a plant population of 21,000 plants/acre. The seed label says germination is 91%. You’ll be planting on 30-inch rows. What gear ratio should you start with when calibrating your planter?  Answer: Driver gear is [gear1]. Driven gear is [gear2].