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Presently , a typical fan pays an average ticket price of $5. The price elasticity of demand for tickets is -0.6. Management is thinking of raising the average ticket price to $5.50. Compute the predicted percentage change in tickets sold. Would you expect ticket revenue to rise or fall?
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
Marge opens an oxygen bar in a building she owns. She utilized to rent the building to her brother in law.
Elucidate how many additional watches can be produced by an extra hour of labor.
Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
Cigarettes are also heavily taxed. Illustrate what effect does this tax have on cigarette consumption
Illustrate what are the relationships between strong monotone and non-satiation. Also illustrate what are the relationships
Compare also contrast the yields also maturities for each of the securities. Argue elucidate which you would hold also Elucidate why relative to interest rate risk.
Demonstrate and explain the full process illustrate what happens when the central bank increases their long run target for inflation.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
explain how would this change affects the optimal investment rule for the firm.
Compute the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.
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