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When the price of NBA tickets is $25 each, 30,000 tickets are sold for every game. After increasing the price to $30 each, 25,000 tickets are sold every game. What is the price elasticity of demand for NBA games after the ticket increase? Is demand elastic or inelastic? Is the increase a sound financial move? Why, why not?
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
Draw the MC cure for Guns in terms of the production of butter. If the economy produces 3000 guns per day, how much butter can it produce per day.
Illustrate what is the minimum efficient scale for each technology. Illustrate what if it was more optimistic about summer sales.
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day
When you retire, you will combine your money into an account with a 9 percent return. How much can you withdraw each month from your account assuming a 25-year withdrawal period.
What do you understand Spencer and Kate are the only two demanders of lemonade.
Among which of the following could not bar entry into an industry. Firms prevent collusion among firms regulate natural monopolies correct the outcomes of positive and negative externalities in private markets.
Illustrate what should be the construction level if fixed costs rose to $48,000 per month?
Presently, boats rent for $500 per day also workers cost $100 per day. How many workers do you need to produce 200 tons of shrimp?
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Use supply and demand model to explain the dramatic rise in the price of a college education.
Elucidate Illustrate what would happen if an outside agency Concluded the prices eBay could charge.
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