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A movie production company faces a linear demand curve for its film, and it seeks to maximize total revenue from the film's distribution. At what level should the price be set? Where is demand elastic, inelastic, or unit elastic? Explain
Decide if the values of the goods produced are included in the 2006 GDP and explain your reasoning.
Restaurant Marketing Services, offers affinity card marketing and monitoring systems to fine dining establishments nationwide. Fixed expenses are $600,000 a year.
In the USA, it is the opposite: No harvesting is allowed unless the deceased had signed, while still alive, an organ donor form authorizing doctors to harvest any needed organs. Use supply and demand figures to show in which country organ shortage..
Assume that gross national debt is equal to $3million and the federal government then runs a deficit of $300 billion. what is the new level of gross national debt.
Briefly discuss and illustrate the circumstances under which the minimum wage would (1) not lead to unemployement, amd (2) not cause a reduction in the total earnings of low-wage workers who are still employed.
Your local bank is reluctant to lend to you as you basically have a large mortgage loan on the property on which the hospital complex lies.
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score. a. Did you face a tradeoff
The rule established by the Hadley case is "when damages are awarded, compensation can only be awarded for injuries that the defendant could reasonably have forseen as a probable result of the usual course of events following a breach."
Define in general the term "internalize the externality" and explain its application in this case. Discuss a policy other than a tax or subidy that could cause individuals to internalize the externality. Explain briefly.
The nearest rival movie theater, the Cedar Bluff Twin, is 35 miles away in Pocatello. Thus QuadPlex Cinema possesses a degree of market power. Despite having market power, QuadPlex Cinema is currently suffering losses.
Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain. Is the distinction between "intra-industry trade" and "inter industry t..
Explain two effects of an adverse technological shock on the labor market and on the output market - explain two effects of an adverse technological shock on the labor market and on the output market.
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