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The ABC movie theater has 300 seats. In a typical month, 25 percent of the seats are sold. The price elasticity is estimated to be -0.9. The price of a ticket is $8.00. The manager wants to increase the attendance to 30 percent. What price should he charge per ticket? (Note: Use the arc elasticity formula.) Is this a good strategy? What would be your recommendation?
Eddies precision shop is insured for $700,000. The present yearly insurance premium is $1.00 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $20,000. Eddie uses a MARR of 15 perce..
Explain each of the seven (7) concepts of C++, and analyze the fundamental manner in which they each relate to C++ coding of programs.
Also explain and illustrate how the terms of trade determine the extent to which each country specializes and then finally explain and illustrate the mutual benefits of trade.
Why would a person who have diabetes mellitus, cirrhosis, gout, and a 30-pack a year smoking history have low calcium and low sodium levels?
An industrial engineer proposed the purchase of RFID Fixed-Asset Tracking System for the company’s warehouse and weave rooms. The engineer felt that the purchase would provide a better system of locating cartons in the warehouse by recording the loca..
Describe an adverse selection problem your company is facing. What is the source of the asymmetric information? Who is the less informed party? What transactions are not being consummated as a result of the information?
For this assignment you need to identify and describe three differences between macroeconomics and microeconomics. For each of the three examples, give one of the following to help illustrate the difference between microeconomics and macroeconomics: ..
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
Why do women earn less than men? What are the reasons for the pay differential?
What do you think the criminal justice system can do to be just (fair) to those experiencing these forms of social disorganization?
Discuss how you see econometrics being used in business or economics. Provide examples from what you found in the e-Activity to support your response. Imagine you are an economic advisor to the Chairman of the Federal Reserve Board, and he asks you w..
Consider the following game between player 1, who chooses among strategies U, M, and D, and player 2, who chooses among strategies A, B, and C. Why is this normal form representation different from others in the chapter? The most reasonable predictio..
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