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Suppose that Amazing Spider-Man 2 comes out, and hundreds of people arrive at a theater and discover that the movie is already sold out. Meanwhile, the theater is also showing a boring movie in its third week of release in a mostly empty theater. Why would the theater charge the same price of $7.50 for a ticket to either movie, when the quantity of tickets demanded is much greater than the quantity supplied for one movie, and the quantity of tickets demanded is much less than the quantity supplied for the other?
Decide the present worth of 5 equal annual deposits of $1,600 at the end of years 1 through 5, followed by 4 equal annual withdrawals of $800 at the end of years 4 through 7. Note that both years 4 and 5 will have a deposit and a withdrawal. Interest..
College students sometimes work as summer interns for private firms or for the government. Many of these positions pay very little or nothing.what is the opportunity cost of taking such a job.
How is the economic issue related to the concepts or models that you have learned from this course? What sorts of arguments/opinions have been discussed?
Explain why the assumption of imperfect competition is necessary for endogenous growth models. How might well enforced intellectual property rights actually lead to divergence rather than convergence?
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Define social responsibility
Given the above figure, write an equation for the domestic demand curve, Ddom. Given the above figure, write an equation for the domestic supply curve, Sdom. Show youar work
What happens to the marginal rate of substitution as you move along a convex indifference curve? A linear indifference curve?
Stan Money maker needs 15 gallons of gasoline to top off his automobiles’ gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, Stan can save $0.10 per gallon on the price of gasoline.
select a country of your choice and collect the following data for the most recent year available. refer to the
John have many ice cream stores located across the nation. John does not like to work evenings and employee Marcy to work the store in the evening for $7.50 each hour.
Explain the assumptions behind the model of perfect competition and explain the sources of the recent housing price "bubble"? Provide a chart if needed?
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