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In the late spring and summer of 2015 Taylor Swift went on tour in part to promote her 1989 album. As economists we might want to think a bit about the cost structure of that tour. For a rock concert, the output in question is a seat at a concert. Swift's tour took place in indoor venues, large arenas like the MetLife Stadium in East Rutherford, New Jersey. These venues have a maximum capacity, so there is a fixed number of seats that could be produced at a maximum.
Question 1: What are the fixed costs of producing a concert in a venue? What about variable costs?
Question 2: If the Swift concert is not sold out by performance time, you should expect a last-minute ticket to be very cheap. Why is that so?
How do international economic policies impact on the ability of countries like France and Italy to ensure universal coverage for healthcare services?
Do you think that the change in fuel consumption can be attributed to the carbon tax?What other things do you think played a part in the change?
Quinoats are a primary staple food in the tiny village of Frizzample, which is located in a far away country that you've probably never had a chance to visit. The technology by which Frizzamplese farmers produce quinoats is represented by this ..
Does the Just in time( JIT) method enable companies to be successful with meeting customer requirements or does it cause supply chain delays What is the impact of component shortages when utilizing JIT
How much food can he buy if he purchases 2 units of shelter? How do you know? If Karl is not maximizing, what should he do to improve his situation?
Define the production possibilities curve in your own words.Could a nation's production possibilities curve ever shift inward? What are TWO factors that may cause this to occur?How can an economy achieve points that are outside the production possibi..
Explain how the circuit could be modified to produce a 5% ripple voltage.
Supply curve in the market for widgets is given by P = 10 + q and the demand function is given by P = 70 - 2q. If the government promises to buy the widgets.
Imagine that you have a program on your cell phone that allows you to walk up to any item in the supermarket and have your phone recognize it.
Fred's Rodent Control Corporation has been using a low-frequency sonar device to locate subterranean pests. This device was purchased 5 years ago for $18,000.
You are the author of a popular CSR article. For this week's discussion post, discuss the main reasons why Apple is or is not a socially responsible.
Which portfolio should give you a higher expected return
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