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- Suppose a consumer has S100 today and he tells you he is willing to wait X amount of time for another $50. The same consumer also tells you that in the future if he has $10 he ts willng to wait Y amount of time for another $50.If Y is greater than X, does the individual exhibit hyperbolic discounting, exponential discounting, or is there not enough information to determine? Briely explain your answer.Please give a detailed answer to the question below.Options For Fill In Blank Answers:.05, .2, .25, and 5elastic or inelasticons 006.01.1-MC - MANK08 The principle that "people face tradeoffs" applies to a. individuals. Ob. families. c. societies. d. All of the above are correct.
- 10. Ecological fallacy occurs when a researcher interprets the results of group-level data to the individual level. A. TrueB. FalseC. None of the aboveA poll commissioned by a politician estimates that t days after he makes a statement denegrating women, the percentage of his constituency (those who support him at the time he made the statement) that still supports him is given by S(t) = 75(t2 − 3t + 25)/t2+3t+25The election is 10 days after he made the statement. Was the approval rate positive or negative on the date of the election?Could you please write your own words, not copy-paste or plagiarism issues Question: Discuss what is meant by the term “nudge” and the relationship between “nudges” and the field of behavioural economics.
- Following are the results of a study that used a case–control design. This study evaluated factors associated with admission to college. A total of 650 students were admitted to college (cases), and they were compared to 650 students who were not admitted to college (controls). The purpose of this study was to identify factors that are associated with the likelihood of being accepted into college. (8 questions) Results of a Hypothetical Study of Factors Related to Admission to College Factor Odds Ratio Female gender 1.4 Alcohol consumption 0.5 Sedentary life 1.0 Smoking 0.4 Illicit drug use 0.2 Regular sports practice 2.1 True or False regarding this case–control study. Being female was…Wat does inelastic meansJulia is a 28- year-old nonsmoking , non-drinking female of normal weight Because of adverse selection in health insurance , (A) She will be charged less for her premiums than people who are higher risks ) B)She is less likely to buy health insurance than the average person, because policy premiums are based on expected medical expenditures of people who are less healthy than she is ( C) When she get health insurance , she will be less likely to take care of herself. ) D)She must get health insurance early in life, and is likely to lose health insurance if she smokes , drinks to excess, or gains weight. E) She is more likely than the average person to buy health insurance , because she is more likely to be offered it.
- In 2009 the Organization for Economic Cooperation andDevelopment (OECD) conducted a study of 34 membercountries called the Programme for International StudentAssessment (PISA). The OECD looked at reading scores among 15-year-olds in each country as well as the stu-dents’ socioeconomic backgrounds. PISA reported that higher socioeconomic status was associated with higher reading scores, with their socioeconomic index explain-ing 14% of the variability in reading scores. (Source: Sahlberg, Pasi, “A Model Lesson: FinlandShows Us What Equal Opportunity Looks Like,”American Educator Spring 2012: 25.)Which of the following can be correctly concluded fromthis information?A) For every additional point in the mean reading scorein an OECD country, the PISA socioeconomic indexis expected to increase by 14% on average.B) For every additional one percent increase in the PISAsocioeconomic index, the mean reading score isexpected to increase by 14% on average.C) If the U.S. government wants to…Hansel has been making a cuckoo wristwatch, which he sells over the web. Customers are willing to pay $600 for Hansel’s watch, and each one costs him $240 to make. He has no fixed costs. Gretel is considering entry into this market. Her consultant has conducted a large-scale study of customers to determine how much they are willing to pay for watches of various quality levels. The consultant has found that customers’ willingness to pay equals 150q per watch, where q is a quality index the consulting firm has developed that ranges from 1 to 10. Gretel’s cost would be 15q2 per watch. Regardless of whether or not Gretel enters the market, and regardless of the quality level she chooses, Hansel will not change his competitive positioning. Suppose Gretel chooses to enter the market with a lower quality level to save on costs. Specifically, her quality index equals 3. What is her added value vis-à-vis Hansel (per watch)? What is the optimal quality level Gretel should choose…After entering a lease in Uganda, a US company has increased crop production which has been documented to have contributed to food security in Uganda. However, an NGO raises concerns that the company unfairly took over a community’s land and should therefore be held accountable. From which perspective is the NGO most likely operating? A Idealism ethic B Utilitarian ethic C Pragmatic ethic D Rights-based ethic Approximately 48% of children were living in multidimensional poverty prior to the onset of the Covid-19 pandemic. Since the pandemic... A multidimensional poverty increased dramatically, to more than 75% B multidimensional poverty has been debunked, it is not a valid measure of poverty C poverty has not changed D multidimensional poverty increased by only a few percentage points - many of the problems pre-date Covid-19
