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Q1. At a price of $8 per ticket, a musical group can fill every seat in the theatre, which has a capacity of 1500. For every additional dollar charged, the number of people buying tickets decreases by 75. Utilize calculus to find Illustrate what ticket price maximizes revenue. Be sure to check your second order condition.
Q2. Henry Trudeau deposits $2,100 in currency in the First Street Bank. Later same day Jane Harris negotiates a loan for $5,400 at the same bank. After these transactions, the supply of money has
Q3. 1) In your own words, why do countries enter regional trade agreements?
2) Why would a US company choose to export a product to India rather than license India the right to produce the product locally?
If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.
Illustrate what is the value of consumer surplus. Illustrate what is the value of the deadweight loss created by this monopoly.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
What must she/he expect to happen to short term interest rates over the coming year.
What is now the effect on gold consumption and mining of an increased use of gold as money.
Why might a company use an indirect cost discrimination scheme versus direct cost discrimination
Illustrate what will happen to GDP if taxes raise 100million when MPC is .75. Compute both tax also income multipliers.
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
Illustrate what are the highest also lowest payments from the writer that the beekeeper farmer team will accept for the sixth day.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Suppose me also my roommate started a bagel delivery service on campus. List some of our fixed costs also express why they are fixed.
Business firms become pessimistic about their future earning capacity as do banks. Nominal interest rates fall during recession.
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