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1) How has this process of writing an operational definition changed the way you feel about behavioral science research?
2) What are the strengths and weaknesses of operational definitions given how challenging they are to create?
3) While you were doing your observation, did you feel like you were still interpreting your own definition in a biased manner (e.g., thinking about what you meant to say, not necessarily what you did say)?
4) What advice would you give to future students who attempt to create an operational definition?
Principal-agent problems:
Assume your firm has a monopoly in a particular market. You can produce at constant marginal cost of MC = 50 for every additional unit you produce.
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The MARR is 10% per year. What is the capital recovery amount of this asset?
Assume that an open economy Neverland is operating under a fixed exchange rate regime. Currently, Neverland’s economy is suffering a deep economic recession meaning that Neverland’s total output level is much lower than its medium-run output level.
The marginal productivity theory states that if a firm operates in a perfectly competitive factor market, it pays each factor of production its marginal revenue product. However, this theory may fail to hold if factor markets are not competitive. Whi..
One estimate of the price elasticity of demand for cigarettes puts it at 0.4: A 10 percent increase in the price of cigarettes
If current GDP is 8500, the economy is in long and short run equilibrium.
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
If each nation grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in terms of average income.
Calculate the point advertising elasticity of demand with PT = 30000 and A = $10000. Use QT corresponding to PT = $30000 (which should make QT = 170).
Double-dip recession possible as COVID lockdowns ravage Australian economy - ABC, July 2021
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