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Hicks and Guista (1982) asked seven participants who habitually had less than 6.5 hours of sleep per night and nine participants who habitually had more than 8.5 hours of sleep per night to complete the Stanford Sleepiness Scale (SSS) at two-hour intervals for 30 days. The SSS is a measure of alertness and simply requires the participant to rate his or her level of alertness by responding with a number between 1 (very alert) and 7 (struggling to stay awake). The authors actually broke the data into seven different times of day, but for purposes of this example assume that the dependent variable is each participant's mean SSS score over the 30-day period. What is the appropriate analysis of these data?
assume the demand curve faced by a monopolist is given by the following tableprice demand total revenue marginal
Assume a competitive market in which a chemical plant emits harmful pollutants into the air. If the firm only considers the marginal cost of production will it produce more than the efficient level of output?
analyze grossmans model and how effective this model is at predicting the life expectancy of the elderly. apply this
Technological advance improves productivity in a purely competitive industry. This change will result in a shift: a.) down of the individual firm's MC curve, causing the market supply curve to shift to the left b.) down of the individual firm's MC cu..
After correcting the sign in the demand function, what is price elasticity of demand for movie tickets and what is the income elasticity of demand for movie tickets?
Assume that the demand curve for apples is given by Qd = 140 - 5P, where Qd is number of pounds demanded per year and p is the price per pound. The supply of apples can be described by Qs = 40 + 3P, where Qs is the number of pounds provided.
If you run a simple regression scorei on voucheri using a random sample of size n, does the OLS estimator provide an unbiased estimator of the effect of the voucher program?
The United States is a net exporter of services to China. What does this imply about the magnitude of the deficit in the U.S. balance on goods and services with china compared with the size of the U.S. merchandise trade deficit with China? Why does a..
When you are given the units of resource, total product, and marginal product. what do you need to find to determine how many resources the firm will employ.
What effect on the price elasticity of demand for commuter rail is there likely to be from a decrease in the price of gasoline? Explain your answer
suppose the production of airframes is characterized by a cobbdouglas production function q lk. the marginal products
Now suppose that a scientific study find that tap water is toxic, and everyone should drink only bottled water. Illustrate the impact of this study on the market and each firm. Use graphs to illustrate your answer.
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