Eco 2023 homework 5 - Study guides, Class notes & Summaries

ECO 2023 Homework 5 Questions and Answers Verified. Tom and Jacob are college students. Each of them will probably get married later and have two or three children. Each knows that if he studies more in college, he’ll get a better job and earn more money than if he doesn’t study. Earning more will enable them to spend more on their future families—things like orthodontia, nice clothes, admission to expensive colleges, and travel. Tom thinks about the potential benefits to his potential ...

ECO 2023 Homework 5 Questions and Answers Verified. In the above case, the marginal social benefit (MSB) associated with the consumption of alcohol is lower than the marginal private benefit (MPB) due to the negative consumption externalities, which is reflected by the positioning of (D2) below (D1). In the above diagram, the market equilibrium is achieved at the point (E) where the marginal private cost (NIPC) is equal to the marginal private benefit (MPB), with price PM and quantity AM. In ...

TMN 3705 EXAM PACK 2023 LATEST UPDATE WITH CORRECT QUESTIONS AND ANSWERS QUESTION 1: [30 marks] 1) List and explain any two learning theories. (10 marks) Behaviourism Behaviourism assumes a learner is essentially passive, and will be shaped through positive or negative reinforcement. Learning is therefore defined as achange in behaviour. Skinner (1974) believed that behaviour is a function of its consequences, i.e. learners will repeat the desired behaviour if positive reinforcemen...

ECO 2023 Homework 5 Questions and Answers Verified. In a study at a large state university, students were randomly assigned roommates. Researchers found that, on average, males assigned to roommates who reported Chapter Summary and Problems 165 drinking alcohol in the year before entering college had GPAs one-quarter point lower than those assigned to nondrinking roommates. For males who drank frequently before college, being assigned to a roommate who also drank frequently before college re...