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On the topic of ticket pricing: Consider a football franchise with 10 home games and two types of tickets (high quality and low quality) facing consumers of two types as described below: * Type A consumers value low quality tickets at $1,500 for the entire season, and value high quality tickets at $2,000 for the entire season. * Type B consumers value low quality tickets at $2,000 for the entire season, and value high quality tickets at $4,500. The owner plans to set the pricing such that consumers voluntarily sort into their preferred seats while allowing the franchise to extract as much consumer surplus as possible (as additional revenue). Advise the owner of the franchise as to how she should set the price of high and low quality tickets.
what are the three main aggregate supply factors that determine a nations potential or full-employment level of real
If current output is such that marginal cost exceeds marginal benefit, should more or less resources be allocated to this product?
1. a taxicab company maintained accurate records of the expenses for one of its automobiles from january 1 1996
explain the law of demand and law of supply. what factors influence each? what is meant by market equilibrium? give an
jasmines snack shop sells two brands of potato chips. she produces them by buying them from a wholesale supplier. brand
Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.
If the way wages were fixed in that job does not correspond to the neo-classical theory, is there another theory, among the ones we talked about in class, that would explain it better (i.e. another theory that could explain the way wages were set)..
given the current pressures on china jamaica and america expressed in the article how would ethics play a role in
What is the short-run effect on the exchange rate of an increase in domestic real GNP, given expectations about future exchange rates? i. Explain why exchange rate overshoots when money supply increases in the short run.
For a firm in a perfectly competitive market that faces a market price of $5/unit for its output, draw a diagram showing a U-shaped long run Average Cost curve and the related Marginal Cost curve so that, in the situation you show
suppose the local market for cigarettes is made up of the following peopletype a qa 20 - p type b qb 30 - 2p type c qc
1. use the numbers to answer the following questionsincomespending0120004000036000a what is autonomous spending?b what
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