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Use the following to answer questions
Scenario II
Scenario II presents fabricated data inspired by the following study:
Scheele, D., Striepens, N., Gunturken, O., et al. (2012) . Oxytocin modulates social distance between males and females. The Journal of Neuroscience, 32(46) , 16074-16079.
Oxytocin and Attraction Study
The purpose of this study was to examine whether oxytocin (OXT) affects the way in which single men and committed men respond to an unfamiliar woman. To that end, men received either OXT or a placebo via intranasal administration after which they were introduced to a woman. The researchers measured the distance men kept from the woman and hypothesized that shorter distances indicated interest in her. The results showed that the distance between the men and women differed based on the treatment men received. Specifically, committed men who received OXT kept a significantly greater distance from the woman compared with not only committed men who received the placebo, but also single men who received either the placebo or OXT. This study suggests that OXT may contribute to monogamy in males.
-(Scenario II) The researcher who administered the intranasal spray to participants in Scenario II did not know whether the spray contained OXT. This procedure was probably implemented in order to enhance:
Long-run Equilibrium
Long-run equilibrium occurs when all producers in a market are producing at their minimum long-run average cost, and no new firms wish to enter or exit the market.
Average Cost
The total cost of production divided by the number of goods produced, also known as unit cost.
Marginal Cost
The increase in total cost that arises from an extra unit of production.
Elasticity
A measure of how much the quantity demanded or supplied of a good responds to a change in price or other factors.
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