1 dr falk is a dentist who performs two basic procedures

Reference no: EM13372774

1. Dr. Falk is a dentist who performs two basic procedures: filling cavities and whitening teeth. Falk charges $50 per cavity filled, a process that takes him 15 minutes per tooth and requires no help or materials. For tooth whitening, a process requiring 30 minutes, Falk charges $150 net of materials. Again, no help is required. Is anything puzzling about Falk's pricing pattern?

Explain your answer.

2. In 2010, the Texas Lottery Commission began selling $5 Dallas Cowboys scratch-off game tickets. Prizes for winning tickets included cash, team merchandise, and Cowboys' season tickets for the 2010 season at their new $1.15 billion stadium. Suppose you received one of these Cowboys' scratch-off games as a birthday present and you won free season tickets for the 2010 season. Would there be a cost to you to attend the Cowboys' games during the 2010 season?

Reference no: EM13372774

Questions Cloud

Look at the two tables below which show respectively the : look at the two tables below which show respectively the willingness to pay and willingness to accept of buyers and

The market supply curve of action movies is given by : the market supply curve of action movies is given by qs1050p. the demand for action movies can be segmented into two

A stock was priced at 150 per share at the end of 2007 the : a stock was priced at 150 per share at the end of 2007. the following table show dividends per share paid during each

A the publics preference is to hold their money as half : a. the publics preference is to hold their money as half cash half demand deposit. reserve requirement is 25. determine

1 dr falk is a dentist who performs two basic procedures : 1. dr. falk is a dentist who performs two basic procedures filling cavities and whitening teeth. falk charges 50 per

Suppose that c a by where c consumption a consumption : suppose that c a by where c consumption a consumption at zero income b slope and y income.a. are c and y

1 why do economists pay little attention to the algebraic : 1. why do economists pay little attention to the algebraic sign of the elasticity of demand for a good with respect to

Suppose a large open economy with perfect capital mobility : suppose a large open economy with perfect capital mobility has a real interest rate that equates national saving and

You manage gofer delivery service you rent a truck for 10 : you manage gofer delivery service. you rent a truck for 10 per day and each delivery takes an hour of labor time. the

User Account

All Pages