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A psychologist wanted to determine the best viewing distance for a 75-inch flat screen TV. She randomly assigned 80 participants to one of three viewing distances: 5 feet, 10 feet, and 15 feet. After each participant watched a sitcom tv show for 1 hour, each participant rated their viewing satisfaction on a scale of 0-100.
It is time to assess your proficiency on course learning outcome #4: Explain aggregate supply and aggregate demand.
Many people focus on the effect of monetary policy on interest rates in the economy. Use the loanable funds market to explain how unexpected contractionary monetary policy affects interest rates in the short run. Also explain the changes in real GDP,..
Which one is considered unemployed?
Briefly discuss at least three major concerns facing prisons today. What issues have become problematic for prison administration? Speculate as to how these issues might be addressed, and further, what new issues or concerns might arise in the future..
Show an example of how to (1) derive compensating variation using indifference curves/budget constraints and (2) derive CV using expenditure function. Also, (3) compute expenditure function from cobb-douglas utility function and quasi linear utility ..
What is bench-marking in quality management and why is it important for management to understand?
The cost of treatment will be about $20,000 if a heart attack occurs.Calculate Paul's expected income without any insurance coverage.
Develope a blog post that is intended to make an advocacy group to influence public opinion and/or generate political action regarding an environmental issue
A small city is beginning to experience a large population growth of 10% per year. At the end of 2010 the population was 16,000 people. If the growth rate continues, how many years will it take for the population to triple?
A competitive firm has the production function y = min{ √ L, √ K}, where L is labor and K is capital. Suppose that in the short run this firm must use 16 units of capital but can vary its amount of labor freely.
What are episode-based payments (EBPs) and how do they differ from traditional FFS payments. What is the economic intent behind EBPs? Explain how EBPs relate to the idea of supply-side cost sharing?
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction of 50%. A person can work up to 2,000 hours per year at $8 per hour. Draw the person’s budget constraint without the income guarantee. Fully label the gra..
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