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new method of Trans-urethral resection of the prostate will be tested on different patients prostate cancer stages: Stage 1 (100 patients), Stage 2 (90 patients), Stage 8 (10 patients), Stage 7 (15 patients), Stage 0 (200 patients), Stage 3 (85 patients), Stage 5 (80 patients), Stage 4 (70 patients), Stage 6 (68 patients). Benefits per patient are the following: Stage 0: 10 Stage 1: 20 Stage 3: 40 Stage 4: 50 Stage 5: 60 Stage 6: 80 Stage 7: 90 Stage 8: 100 Compute cumulative benefits per stage Compute cumulative patients per stage Graph the cumulative benefits curve Which variable represents marginal benefits per stage? Compute the average benefits per stage Why is the average benefits less reliable than marginal benefits as an indicator of additional benefits if the treatment is expanded to less sick individuals?
what is the short run equilibrium level of output in this economy.
Without further use of Excel, illustrate what is the probability (in %) that a randomly selected orange will contain less than 4.2 ounces of juices?
Illustrate what will the level of output and price in the long run if this industry were perfectly competitive.
Suppose the store manager observes that the quantity demanded increases from 700 CD players to 1,300 CD players. Illustrate what is the price elasticity of demand for CD players.
How to interpret estimated coefficient and How to count tendency ratio between one category of certain independent to or category.
Case Study - Technology and Economic Change and what are the causes of economic growth in potential output in the long-term? Apply the theory to illustrate and explain your answer with an example.
Given the same price elasticity of supply, sellers would be able to pass along the largest portion of a 10% tax on which item.
If industries collude, Illustrate what will be monopoly cost (optimal cost P*), total output of two industries (Q= q1 + q2) and total profits of two industries.
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
Estimate the regression coefficients using ordinary least squares also interpret them. Predict the weekly sales for a store with 10 feet of shelf space situated at the back of the aisle.
Illustrate what would it raise more money than today, less money, or the same amount of money.
Assume that the nation is not large enough to affect the world price. Illustrate the effects of a tariff on imports.
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