Homework Help is Here – Start Your Trial Now!
Business
Economics
8. Difference in Differences Question: In the context of a Difference-in-Differences estimation, what is the parallel trend assumption? a. We assume that neither the treatment nor the control group change over time. b. We assume that in the absence of treatment, the difference in outcomes between the treatment and control groups is constant over time. c. We assume that treatment would not have affected the control group even if they received it. d. We assume that the treatment group has volunteered to receive treatment.

8. Difference in Differences Question: In the context of a Difference-in-Differences estimation, what is the parallel trend assumption? a. We assume that neither the treatment nor the control group change over time. b. We assume that in the absence of treatment, the difference in outcomes between the treatment and control groups is constant over time. c. We assume that treatment would not have affected the control group even if they received it. d. We assume that the treatment group has volunteered to receive treatment.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question

Please help with questions 8-10

thank you

MP and MRP, and Profit-Maximization Questions: If tacos sell for $2.50, and wage=$12.50, answer questions #1-#3 Worker-Hours 0 1 23456789 c. 7.5 d. 62 0 15 28 38 47 54 59 62 64 65 1. What is the MP of the 5th worker-hour? a. 10 b. 7 c. $2 d. $12.50 Tacos 2. What is the MRP of the 8th worker-hour? a. $5 b. $160 MP (Question #1) MRP (Question #2) 3. How many worker-hours should this firm employ to maximize profit? a. 5 b. 6 c. 9 d. 2 4. Production Function General Form Question What is the general form of the production function, as discussed in class? a. Q=f(Employment, Capital)
Transcribed Image Text:MP and MRP, and Profit-Maximization Questions: If tacos sell for $2.50, and wage=$12.50, answer questions #1-#3 Worker-Hours 0 1 23456789 c. 7.5 d. 62 0 15 28 38 47 54 59 62 64 65 1. What is the MP of the 5th worker-hour? a. 10 b. 7 c. $2 d. $12.50 Tacos 2. What is the MRP of the 8th worker-hour? a. $5 b. $160 MP (Question #1) MRP (Question #2) 3. How many worker-hours should this firm employ to maximize profit? a. 5 b. 6 c. 9 d. 2 4. Production Function General Form Question What is the general form of the production function, as discussed in class? a. Q=f(Employment, Capital)
8. Difference in Differences Question: In the context of a Difference-in-Differences estimation, what is the parallel trend assumption? a. We assume that neither the treatment nor the control group change over time. b. We assume that in the absence of treatment, the difference in outcomes between the treatment and control groups is constant over time. c. We assume that treatment would not have affected the control group even if they received it. d. We assume that the treatment group has volunteered to receive treatment. 9. Card & Krueger 1994 Question: What did Card & Krueger find in their paper? b. a. Faced with an increase in minimum wage, NI saw a decrease in employment. Faced with an increase in minimum wage, NI saw an increase in employment. c. Faced with a decrease in minimum wage, PN saw a decrease in employment. d. Faced with a decrease in minimum wage, PN saw an increase in employment. 10. Minimum Wage Theory Question: Theoretically, when would we expect a minimum wage to increase unemployment under perfect competition? a. When it is binding, meaning the minimum wage is above the market-clearing wage. b. When it is non-binding, meaning the minimum wage is below the market- clearing wage. c. When it is below the area's average cost-of-living on a 40h workweek. d. When it is above the area's average cost-of-living on a 40h workweek.
Transcribed Image Text:8. Difference in Differences Question: In the context of a Difference-in-Differences estimation, what is the parallel trend assumption? a. We assume that neither the treatment nor the control group change over time. b. We assume that in the absence of treatment, the difference in outcomes between the treatment and control groups is constant over time. c. We assume that treatment would not have affected the control group even if they received it. d. We assume that the treatment group has volunteered to receive treatment. 9. Card & Krueger 1994 Question: What did Card & Krueger find in their paper? b. a. Faced with an increase in minimum wage, NI saw a decrease in employment. Faced with an increase in minimum wage, NI saw an increase in employment. c. Faced with a decrease in minimum wage, PN saw a decrease in employment. d. Faced with a decrease in minimum wage, PN saw an increase in employment. 10. Minimum Wage Theory Question: Theoretically, when would we expect a minimum wage to increase unemployment under perfect competition? a. When it is binding, meaning the minimum wage is above the market-clearing wage. b. When it is non-binding, meaning the minimum wage is below the market- clearing wage. c. When it is below the area's average cost-of-living on a 40h workweek. d. When it is above the area's average cost-of-living on a 40h workweek.
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Government Policy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS