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Blair, Judd, and Chapleau (2004) studied the influence of Afrocentric facial features in criminal sentencing. After studying 216 randomly selected cases, they found that black and white inmates received roughly equal sentences after controlling for the severity of the crime. However, within each group those with more predominant Afrocentric features received harsher sentences. (Interestingly, after controlling for severity of offence and degree of Afrocentric features, white inmates received longer sentences.)
Do you believe that prices and wages in your model are covariance stationary? Why or why not, and how could you adjust your model accordingly
If the town has a total of 100 people, what is the maximum amount of ham the residents can consume in a month?
The government spends 80, financed by borrowing, to provide public services. If autonomous consumption plus investment is 210 and the marginal propensity to consume MPC = 0.8, what are the equilibrium real GDP values before and after the governmen..
Freedmania is a small society that produces and consumes just two goods: tequila and medicine. The price of tequila and medicine are both $1 per unit, but the marginal utility of medicine is greater than the marginal utility of tequila.
How is the discount rate different from the federal funds rate?
Determine the expected signs of the various coefficients and explain your reasoning.
Why are the marginal revenue numbers less than the price in the table on page 22-5? You can use either the original or the new MR numbers to answer this question. Note that this is different from pure competition, where P = MR. In other words
Quagmire Corporation wants to set up a manufacturing plant to last for 20 years. Initial costs at year 0 are $18,000 for the building and $31,000 for the equipment. At year 10 there will be a major machinery overhaul
Equilibrium in the market-place means that quantity supplied 'Qs' equals quantity demanded 'Qd'.
Using the following demand schedule, compute marginal and average revenue: Quantity 1 2 3 4 5 6 7 8 Price 100 95 88 80 70 55 40 22 Suppose the marginal cost of producing the good above is constant $10 per unit.
If a random variable X is distributed chi square with n degrees of freedom then the expected value of X is n. Show that this is true.
compute the standard error of estimate and the standard error of the coefficient for the following data set: X = 95, 85, 80, 70, 60 and Y = 85, 95, 70, 65, 70. Lastly, set up and perform the hypothesis test to determine if a student's aptitude sco..
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