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A cinema hall has a capacity of 150 seats. The owner can o er students a discount on the price when they show their student IDs. The demand for tickets from students is Ds = 220 - 40Ps;where Ps is the price of tickets for students after the discount. The demand for tickets for non-students is Dn = 140 - 20Pn;where Pn is the price of tickets for non-students. i. What is the maximum pro t the owner can make? ii. What is the maximum pro t he could make if the demand functions of students and non-students were interchanged?
If country desires to smooth consumption, explain how much it should borrow in period 0. Illustrate what will level of consumption and trade balance is from then on.
When the monopolistically competitive firm lowers price from $16 to $12, elucidate how much does total revenue change.
Illustrate what is the equilibrium price. If supply at every price is reduced by five gallons, what will the new equilibrium price be.
What would be a short-term impact on the production of the corporation. Illustrate what would be the long term.
If the reserve requirement is changed to 5 percent, Explain how much can First Bank lend and by Explain how much can the money supply be expanded.
Which of the subsiquent arguments is the president using to justify the trade restriction on ball bearings
pecifies that the real wage will rise by 10 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.1 in the second year. Illustrate what dollar wage must be paid in the second year.
Determine optimal number of plants that firm should have to take full advantage of market demand. Compare firm's profit with multiple plants with its profit with a single plant.
How will the unemployment rate during the current period compare with this economy's natural rate of unemployment? What will tend to happen to resource prices in the future?
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.
As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced.
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