You want to run a difference-in-difference experiment with a price increase for the bacon cheeseburger item on your menu. If you are worried about "leakage" with your control group, a good comparison menu item would be
a. soft drink sales
b. the bacon burger without cheese
c. the bacon-lettuce-and-tomato sandwich
d. the regular cheeseburger
a
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Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S. If the price of corn feed is $4 and the price of soybean feed is $5, what is the cost-minimizing feed combination producing P = 200?
a. C = 100 b. S = 40 c. C = 50, S = 20 d. C = 20, S = 50
The more elastic the demand, the more the tax burden will fall on the buyer
a. True b. False Indicate whether the statement is true or false
Firms would increase output as a reaction to
A. increases in costs of resources. B. unplanned inventory increases. C. decreased demand for output. D. unplanned inventory reductions.
To determine the real interest rate in the data, one should take the interest rate on government debt
A) and leave it at that. B) and add the inflation rate. C) and subtract the inflation rate. D) and divide by the inflation rate.