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Should the club cover explicit and implicit costs? Imagine that you are asked to consult with a drama club that puts on a play every year. The club asks you: How much should we charge for tickets if we want to cover our costs? You begin by listing the club's explicit costs and implicit costs and then make a recommendation whether ticket prices should cover the explicit costs, the implicit costs, or both explicit and implicit costs. Give the club three examples of each type of cost. What is your recommendation for ticket pricing: should they cover explicit costs, implicit costs, or both? Why?
What is total variable cost when 100 units of output are produced and what is average fixed cost when 150 units of output are produced?
In short run, assume that all the costs [except film rental and concessions] at a theater are fixed, and that each theater can seat five hundred people per day, no more.
In any city at any time, some of the stock of usable office space is vacant. This vacant office space is unemployed capital. How would you explain this phenomenon Is it a social problem
How does the U.S. department of agriculture calculate the official poverty level? What government assistance programs does the census bureau consider when calculating household income? What programs are ignored?
suppose that you lend 1000 to a friend and your friend pay you back 1100 the nnext year.suppose the price that year
i. price discrimination is selling a product at different prices when the underlying cost is the same. describe the
ques 1the government is planning to build a bridge which connnects the north and south of the country. the cost of
the demand curve for product x is given by qxd460-4pxa.find the inverse demand curve.b.how much consumer surplus do
Southwest Airlines is adding $100 million a yer in new fees. under new rules customers only get a partial refund for missed flights
your grandmother heard you were studying economic and decided to make use of your knowledge. she is selling her house and wants to know what price to ask for her well kept house in a growing neighborhood you need more information; what did it cost..
select one of the following options to prepare 8- to 10-slide microsoftreg powerpointreg presentation with
john doe has developed a financial retirement strategy. his plan is to invest in somewhat risky stocks for 15 years
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