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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd47d2725-9ed4-4a07-8ea4-b309d33139a1%2Fcba63903-8800-4965-8216-4cdab615d0b8%2Fvlq5hr4_processed.jpeg&w=3840&q=75)
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd47d2725-9ed4-4a07-8ea4-b309d33139a1%2Fcba63903-8800-4965-8216-4cdab615d0b8%2Fi3b2dwa_processed.jpeg&w=3840&q=75)
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
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
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](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
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)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
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-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education