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Recently I began thinking about why the use of tokens for money is so popular. In casinos, I think that it is well justified, but there are some cases when those arguments are not useful. For example, why would an amusement park make you buy tickets that say exactly how much is it worth (for example, buying a ticket for 5 dollars at the cost of....5 dollars). You know how much money you are spending, so the link between value and tokens is not broken. What positive effects does that measure have in the amusement park economy? Why?
Bleacher tickets for the game were sold out and many fans would have attended if tickets were available? What is the main rationing mechanism to allocate tickets for the game?
the nhfishercats are debating whether to build a new restroom in the leftfield area near the patio adjoining the
Suppose that the supply curve in question 1 above product is given by P=12+(2/3)Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. What other things are held constant when one moves along a supply curve?
Determine algebraically the equilibrium price and quantity? Suppose that the price to be fixed at $110. Determine algebraically the surplus or shortage that would result? Discuss the differences in elasticity of supply and elasticity of demand?
Austerity measures implemented in several European countries will mean lower level of government expenditures for these countries? For these countries, this would cause
just about everyone agrees that there is a legitimate and important role for government in business. where the
q1. suppose that there are two products soda along with clothing. both brazil and the united states produce each
Devise a hypothetical business situation in which buying a look back.
if sugar protectionism has the bad effects stated in the editorial, why dont congress and the president eliminate it?
describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic.
Consider your decision about how many hours to work. a. Draw your budget constraint assuming that you pay no taxes (and receive no subsidies) on your income. On the same diagram, draw another budget constraint assuming that you receive a 20 percent s..
WSJ's Justin Lahars reports that counties throughout the U.S. have seen employment declines that can be attributed to the importing of inexpensive goods from China.
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