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A sportswriter writing about the Cleveland Indians baseball team made the following observation: "If the Indians suddenly slashed all tickets to $10, would their attendance actually increase? Not all that much and revenue would drop dramatically." What is the sportswriter assuming about the price elasticity of demand for Indians' tickets? Source: David Schoenfiel, "Chat with David Schoenfield," espn.com, November 27, 2012.
As an analyst for the Latin American Development Bank, you calculate that the share of income going to capital in both Columbia and Costa Rica is 10%. As a result you know that the per worker production function is:y=A*k0.10 You also know that the ca..
Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service's rescue teams to locate those lost or in trouble in the wilderness.
suppose that the government chooses conscription. that is the government forces the representative consumer to supply a
Price matching is a strategic move that
john barks owns barks computer screens inc. and wants to identify the supply and demand for screens in his market. the
Evaluate the tools commonly used in estate planning, including trusts, life insurance, and annuities. Compare the tools as to how they would apply for a couple in their mid-50s who are classified as middle-income earners, with no dependents (t..
Suppose the seller and buyer are in a multiyear relationship. Each month, the buyer quotes a price and the seller selects her quantity. How might this change each player's behavior?
Functions monotonic transformations? You can determine it by drawing a graph or calculating their derivatives. Assume u > 0 throughout.
Find the path of y given the initial value of k, k (0). Is the speed of convergence to the balanced growth path, d ln[y(t) - y*]/dt, constant as the economy moves along the saddle path?
Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under free trade. b.) Now suppose that a tariff is place on the importation of wine into the United States to protec..
Consider a long-term debt you currently own (e.g., a mortgage or student loan) and discuss how you would take present value into account when deciding whether you should retire that debt ahead of schedule. Explain your rationale.
Suppose that a corporate bond with a Baa credit rating and five years to maturity has a yield to maturity of 8 percent. Suppose that the government of the city of Udwellum, which has a Baa credit rating , issues a bond with the same time to maturi..
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