Cowboys games during the 2010 season

Assignment Help Macroeconomics
Reference no: EM13110256

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: EM13110256

Questions Cloud

Determine monetary multiplier : The public's preference is to hold their money as half cash, half demand deposit. Reserve requirement is 25%. Determine monetary multiplier.
Hypothesis testing-proportion of survey response : A total of 61,647 people responded to an Elle/ MSNBC.com survey. It was reported that 50% of the respondents were women and 50% men.
Determining population means : At the 10% level of significance, does the following sample evidence indicate that the two population means are equal? Assume the populations are normally distributed.
Impact of globalization creation of small businesses : Education is often used as an indicator of a person's socioeconomic status. Historically, the number of years of schooling completed has been recorded in the census of population as a measure of education.
Cowboys games during the 2010 season : Would there be a cost to you to attend the Cowboys' games during the 2010 season and is anything puzzling about Falk's pricing pattern?
Multiple choice questions - quality control : A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that whenever this process is under control, package weight is normally distributed with a mean of twenty ounces and a standar..
Determine the optimal solution to problem : Let the following linear programming problem: Determine the optimal solution to this problem. Convert this problem standard LP form.
What sort of aliments is it used to diagnose or treat : Please answer the following questions about Endocardiography in complete sentences.
Sketch histogram for poisson probability distribution : Frequent checks of unfilled orders at end of day reveal that distribution of unfilled orders follows Poisson distribution with mean of two orders. Sketch the histogram representing Poisson probability distribution of unfilled orders.

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Economists also businesses almost always compare costs

Economists also businesses almost always compare costs and benefits in their decision making.

  True or false questions-regression models

State with brief reasons whether the following statements are true, false, or uncertain.

  Illustrate what real rate of return will you earn

Illustrate what real rate of return will you earn if the inflation rate.

  Explain why a government solution to a marketplace failure

Explain why may a government solution to a marketplace failure worsen the market failure.

  Relates to the growth of us banking overseas

Elucidate how the topic you chose relates to the growth of US banking overseas.

  Illustrate the difference in the price elasticity of demand

Illustrate the difference in the price elasticity of demand for an individual firm in a perfectly competitive industry as compared with a monopolist.

  Compute the natural rate of unemployment

Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?

  The condo owner was formerly renting the unit every month

They could have rented it on the open marketplace for $700 per month. The condo owner was formerly renting the unit for $500 every month.

  Decreasing marginal rate of technical substitution

Determine which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution?

  Compute the marginal revenue product

Assume the following payoff matrix in which the numbers indicate the profits in millions of dollars for a duopoly based either on a high price or a low price strategy.

  Factors that contribute to successful us economic recovery

I need help with identifying 5-realistic and important factors that will contribute to a successful United State economic recovery over the next 5-years.

  Assume that a employees skills number of efficiency

Assume that a employee's skills can be summarized by the number of efficiency units she owns and the distribution of efficiency units in the population

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd