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A friend tells you that you should never be a patient in a teaching hospital because the death rate among patients in teaching hospitals is higher than in other hospitals.(b) Write down a regression equation where the dependent variable is the death rate in a hospital, and one explanatory variable is whether a hospital is teaching or not.(c) Interpret the meaning of the regression coefficient on the explanatory variable.(d) What sign of the coefficient in (c) would correspond to your friend’s story? (e) Do you agree with the interpretation of the coefficient your friend provides? If not, explain why not?(f) How can you change the regression equation to support your explanation in (e)?
assume which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze
The slope of the short-run aggregate supply curve can be explained by:
In March 2010, Greece announced that it might have trouble in the future paying off the bonds it had sold to finance its huge government deficits. Use a demand and supply graph for the Greek bond market to illustrate why the interest rate on Greek go..
students are required to write an essay on a significant recent economic event or activity.discuss an economic activity
If the reserve requirement is 20% and Lindsay deposits $200 into her checking account, calculate the change in her bank’s required reserves. Show your work.
Illustrate what are the values of public saving,national saving and private saving.
Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of:
Suppose there is a $200 billion recessionary gap. If there are no taxes or imports to restore the economy back to potential GDP how much should government expenditure be changed if the marginal propensity to consume is 0.75? Does government expenditu..
q.apex corporation has an equity cost of capital of 14.4 and a debt of 6 and the firm maintains a debt equity ratio of
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population deci..
If one party does not follow its Nash equilibrium strategy, then the other party may be better off with a strategy that is not a Nash equilibrium strategy; A Nash equilibrium in randomized strategies is like a Nash equilibrium in pure strategies: Giv..
The inverse demand that duopoly quantity-setting firms faces is p = 90 - 2q1 - 2q2. Firm #1 has no marginal cost of production, while firm #2 has a marginal cost of $30. How much does each firm produce if they move simultaneously? What is the equ..
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