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In November 2007, the New York Yankees agreed to pay Alex Rodriguez at least $275 million over ten years. If this salary were to be covered by ticket sales only, how many more tickets per game would the Yankees have to sell to cover Rodriguez's salary in the 81 home games per year if the average ticket price is $65?
Distinguish between private and social costs and use this distinction to explain why the air in cities is so polluted from automobile exhaust fumes. Examine how government can try to correct this externality.
Can you relate the Classical and/or Keynesian macroeconomic models to assumptions about economic behaviors and to economics policies being implemented in the U.S. economy today? Discuss this with your group members.
Use this title: Lessons in Personal Leadership Development Answer the following questions
The Wozniak Corporation, a maker of aircraft engines, determines that in 2008 the demand curve for its product is as follows-What is the price elasticity of demand if price equals $500?
The wages of workers rise by 20% and the rental price of capital increases by 25%. The firm should hire __________ labor and __________ capital.
A firm can manufacture a product according to the production function Q = 2(K)1/2(L)1/2 where K represents capital equipment and L is labor. The company has already spent $10,000 on the 4 units capital.Calculate the average product of labor, APL and ..
In light of Ricardian model, how might you measure the claim by developing countries that they're at a disadvantage in trade
Suppose a freeze in florida wipes out 20% of the orange crop. How will this affect the equilibrium price and quantity of banana? Assume that the orange and banana are substitute to each other.
The return to a college degree raise a lot while college enrollment remained steady.
1. john has been in the habit of mowing willas lawn each week for 20.johns opportunity cost is 15 and willa would be
The price of a wideget increases by 90%. what effect would we expect this to have on the equilibrium wage rate of workers who make widgets.
How does your company or management go about estimating its sales? How does it determine the demand for new products so that it can make a production run?
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