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Questions: Answer the questions below based on the paper by Miguel, E., & Kremer, M. (2004). Worms: identifying impacts on education and health in the presence of treatment externalities. Econometrica.
(i) Describe the experiment that the authors examine.
(ii) Describe how they measure the overall impact of the treatment and how they measure externalities
Benson manufacturing company is considering ordering electronic components from three different suppliers. The supplier may differ in terms of quality in that the percentage of defective components may differ among the suppliers. To evaluate the prop..
You are given with the information for a monopolist in the market. Let the market demand be shown as in the following table.
Hillary spends all her income on milk and cookies. Graph Hillary's budget line when income = $20, Pcookies = $1 & Pmilk = $2. Pick some point in the middle as her optimal choice and draw in the appropriate indifference curve. Redraw the two budget li..
Consider this paradox: Income elasticity is supposed to measure the responsiveness of consumption to changes in income. But income elasticity is unity along any
What do you think the main expenses will be for your business? Make sure to discuss labor, rent, equipment, and any other major expense you can think of.
Ethanol is an environmentally friendly, alcohol-based alternative fuel produced from corn and other crops that contain starches. Several states have passed legislation that requires gas stations to sell a mixture of gasoline and ethanol. On two sepa..
A also the new allocation B. Include indifference curves that is consistent with this trade being optimal for both Michael also Tony.
Pick any public company and discuss which 2 or 3 macroeconomic indicators which would most profoundly affect that business and why.
Ectrodactyly, also known as "lobster claw syndrome" is a recessive disorder in humans. If a phenotypically unaffected couple produces an affected offspring
Records show that 12% of all college students are foreign students who also smoke. It is also known that 60% of all foreign college students smoke. What percent of the students at this university are foreign?
Consider a monopoly that sells a product to consumers with a constant marginal cost of $13. There are two potential consumers. As a prior belief, each consumer
What is the slope of the "least-squares" best-fit regression line?
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