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Q. Suppose elasticity of demand for your parking lot space is -0.5, and price is $20 per day. If our MC is zero, and your capacity at 9AM is 96% full over the last month, are you optimizing? Illustrate wow about if it is 75% full at 9 am?
Q. Do you know of any studies that show the elasticity of demand for parking when the delta in price is measured in $.50 units (increase or decrease), and if the baseline is $15 to $20?
Offering group medical coverage to large firms and requiring all employees to participate in the coverage.
How did invention of crack cocaine transform the urban street gang. According to the data cited in this chapter, civil rights laws and a shift in the attitudes in the United States regarding race helped to improve the status of black society. How d..
Fifty years later, the federal resources for public education shows approximately 10% of the public education budget.
What desire to purchase does not vary with time. Ignore the time value of money and compute the optimal pricing scheme of the iPhone.
Assume that equilibrium real GDP is 800 billion, potential gdp is 900 billion, the mpc is .80, and the mpi is .40 . What is the size of the GDP gap.
Explain why the different definitions are important also explain the different procedures of the money supply.
Explain the concept of more is better satisfied for both goods. Elucidate as C increases the MUC increase, decrease or remain constant.
Cameron visits a sporting goods store to buy a new set of golf clubs.
Suppose life is discovered on Mars and that it turns out to be quite sophisticated. In fact, perfect competition prevails everywhere on the planet. Which of the following characteristics of Martian firms are we likely to observe.
Express the retailer's monthly profit from the sale of the cameras as a function of the selling cost. Estimate the optimal selling cost.
If Englad can produce either 15 units of corn or 30 sweaters in one unit of labor and Portugal can produce 10 units of corn and 5 sweater in one unit of labor as well, explain how would each nation benefit (numerically) from trade.
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
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