What is likely to be the point elasticity of demand at the

Assignment Help Macroeconomics
Reference no: EM13327058

Suppose you own a movie theater and most of your costs (the band, security, the land rental, etc.) are independent of how many people show up. What is likely to be the point elasticity of demand at the price you decide to charge?

Reference no: EM13327058

Questions Cloud

How much will he owe the bank at the end of 3 years : A man borrowed 750 dollars from a bank. He agrred to repay the sum at the end of 3 years, together with the interest at 8% per year. How much will he owe the bank at the end of 3 years?
Compute force does friction exert on the skater : A 61.0kg skater moving initially at 3.78m/s on rough horizontal ice comes to rest uniformly in 3.24s due to friction from the ice
We know that a certain piece of equipment will cost : We know that a certain piece of equipment will cost 150,000 in 5 years. How much must be deposited today using 10% interest to pay for it?
Prepare consolidated financial statements : Assuming Ren Ltd does not prepare consolidated financial statements, prepare the journal entry in the books of Ren Ltd for the year ended 30 June 20x3 to equity account its investment in Wei Ltd.
What is likely to be the point elasticity of demand at the : Suppose you own a movie theater and most of your costs (the band, security, the land rental, etc.) are independent of how many people show up. What is likely to be the point elasticity of demand at the price you decide to charge?
What factors in the current environment favor : What is your evaluation of the various proposals made by the partners of Core Fitness and Fitness Retreads? What challenges and issues do they face? What factors in the current environment favor their proposed activities?
Find the net work done on the crate : A man pushing a crate of mass m = 92.0 kg at a speed of v = 0.860 m/s encounters a rough horizontal surface of length scripted l = 0.65 m, Find the net work done on the crate while it is on the rough surface
What is the growth rate of its gdp : What is the growth rate of its GDP? Assume that population was 100 in year 1 and 105 in year 2. What is the growth rate in GDP per capita?
What is the intial total mechanism energy of the projectile : A 60.0kg projectile is fired at 30.0 degree above the horizon at an intial spped of 124 m/s from the top of the cliff 114m above level ground, what is the intial total mechanism energy of the projectile

Reviews

Write a Review

Macroeconomics Questions & Answers

  Illustrate what are institutional arrangements

Illustrate what are institutional arrangements. Why are they considered important fundamental determinants of economic growth and development.

  Determinations of minimum wages in perfectly competitive

Briefly discuss and illustrate the circumstances under which the minimum wage would (1) not lead to unemployement, amd (2) not cause a reduction in the total earnings of low-wage workers who are still employed.

  Describe the providers equilibrium salary

Describe the provider's equilibrium salary and how many nursing units it will hire.

  Determine the groups share income taxes

Determine the Groups Share of and the Income Split Point for Individual Income Taxes as of 2003 for the following group of income earners:

  Change in budget line-increase in tax by government

Suppose instead that the government wishes to impose a value tax of $0.25 on each dollar of the consumer's expenditure on good 1.Show the effect of imposing this tax in a graph containing before and after budget lines.

  Open market operations monetary policy

Assume that the federal reserve wishes to keep nominal interest rate at a target level of 5 percent. Draw a money supply and demand diagram in which the current equilibrium interest rate is 5%.

  Illustrate what is included in determining any of measure

Illustrate what is included in determining any of the measures of money supply. what happens to the equilibrium price level and output rate.

  Difference between the keynesian and monetarist views

Explain the difference between the Keynesian and monetarist views on how an increase in the money supply causes inflation and why is the shape of the aggregate supply curve important to the Keynesian-monetarist controversy?

  What are the positives and negatives of each type of money.

What are commodity money, commodity backed money and fiat money? What are the positives and negatives of each type of money.

  Impact of fiscal stimulus on aggregate demand

Discuss the feasibility of lower middle or low income countries resorting to fiscal stimulus to stave off recessions in their own economies. You can use one or more countries as examples.

  Explain how can a domestic market be protected

Explain how can a domestic market be protected. If a country had protected domestic market, what would be the likely effect on its balance of trade.

  Calculating growth rate of nominal gdp

Nominal GDP in a country was $8,759.9 billion in 2003 & $9,254.6 billion in 2004. The price index was 102.86 for 2003 & 104.37 for 2004.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd