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After estimating a probit model for the likelihood of a website visitor clicking through conditional on the average income from the county in which the visit's IP address came from, you get the following results: ClickThroughi = -1.8(0.75) + 0.06(0.005) Incomei, where standard errors are reported in parenthesis. What would be the calculation that yields the marginal effect of income moving from $40,000 to $41,000 on the click-through rate?
Elasticity of Supply
A measure of how much the quantity supplied of a good changes in response to a change in price.
Free Rider Problem
The Free Rider Problem occurs in situations where individuals or entities benefit from resources, goods, or services without paying for them, leading to underprovision of those goods or services.
Home Football Game
A football match played at the team's own stadium or official field, often having a supportive home crowd.
Free Rider
An individual or entity that benefits from resources, goods, or services without paying for them, often leading to market failures.
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