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Q1. A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue, the City of Boston levies a per ticket tax of $5 to be paid by the ticket buyer. Boston sports fans, a famously civic-minded lot, dutifully send in the $5 per ticket. Draw a well-labeled graph showing the impact of the tax. On whom does the tax burden fall-the team's owners, the fans, or both? Why?
Q2. In the text we assumed that the condominium purchasers came from the inner-ring people-people who were already renting apartments. What would happen to the price of inner-ring apartments if all of the condominium purchasers were outer-ring people-the people who were not currently renting apartments in the inner ring?
Illustrate what would be a simple options strategy utilizing a put and a call to exploit your conviction about the stock price"s future movement.
Illustrate what is the four industry concentration ratio of the hamburger organization in this town.
What are monopolist's profit maximizing output and price. What is resulting deadweight loss relative to competitive outcome. Suppose government levies a specific tax of $5 per dose on monopolist.
Elucidate how that influences the marginal benefits and marginal costs associated with the decision to purchase a house.
how much output should the firm allocate to market 1? Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1?
This might be interpreted as an upward shift in the consumption function. Explain how does this shift affect investment and the interest rate.
q. each day matt eats lunch at school. he likes only twinkies t and soda s and these provide him a utility of utility
How might oligopolistic increase total revenue without changing prices.
Graphical demand and supply analysis, explain the impact on price and quantity in the market for petrol if oil production is disrupted.
question 1a i the subsequent equations relate to the market conditions for pullovers at a given point of timedemand
Assume that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition.
Suppose that you are buying your first home. Current interest rates on a 30-year fixed-rate mortgage are 5 percent, since lenders expect an inflation rate of 2 percent over the next 30 years, thus ensuring them a real return of 3 percent. If actual i..
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