User Account

All Pages

Elasticity of demand for tickets

Assignment Help Macroeconomics
Reference no: EM131326266

A Lower east-side cinema charges $3.00 per ticket for under 12 years of age and $5.00 per ticket for anyone 12 years of age or older. The firm has estimated that the price elasticity of demand for tickets by those 12 years of age or older is-2.0. Calculate what the elasticity of demand for tickets must be for children under 12 years of age if prices are optimal.

Reference no: EM131326266

Questions Cloud

Calculate best estimate of the power flowing through line : Given the meter characteristics and meter readings telemetered from the meters, calculate the best estimate of the power flowing through the transmission line.
State employment and unemployment rates : Discuss and contrast how your Metropolitan Area and State employment and unemployment rates compared to the Rest of the U.S. by briefly summarizing the information within these categories.
Compare and contrast the approach to strategic planning : Compare and contrast the approach to strategic planning that each company has pursued in order to achieve a competitive advantage. Focus specifically on both intended and emergent strategies.
Compute the optimum fiber orientation : A component of a composite rocket motor case is subject to a state of stress σx = 10 MP a, σy = 5 MP a, σxy = 2.5 MP a. Use the material data for carbon-epoxy (AS4/3501-6) in Table 1.4.
Elasticity of demand for tickets : Calculate what the elasticity of demand for tickets must be for children under 12 years of age if prices are optimal.
Discuss the competiveness and performance effectiveness : Define the fundamental responsibilities and key characteristics of the Chief Information Officer (CIO) and Chief Technology Officer (CTO) within health care organizations. Make one (1) recommendation where they can utilize their expertise to assis..
Evaluating the information regarding the patriot act : Prepare a short (approximately five page) paper reviewing and critically evaluating the information regarding the Patriot Act. You should summarize what you have read and take a position (pro or con)
Meant by demand-side fiscal policy : Discuss what is meant by demand-side fiscal policy and supply-side fiscal policy. When the economy enters a recessionary gap, state how the government would use a demand side fiscal policy and how the government would use a supply side fiscal poli..
Analyze kodaks horizontal and vertical integration strategy : BUS 599- Analyze Kodak's horizontal and vertical integration strategy and determine the corporate level strategy that is more appropriate for the company to establish a competitive advantage in the Cloud service industry.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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