What is the marginal cost of the second consecutive day

Assignment Help Econometrics
Reference no: EM131431130

A one-day ticket to visit the Screaming Coasters theme park costs $36, but you can also get a two-consecutive-day ticket for $40. What is the average cost per day for the two-day ticket? What is the marginal cost of the second consecutive day?

Reference no: EM131431130

Questions Cloud

What was special about corn in the civilizations of america : What was so special about corn in the civilizations of the Americas?How did the treatment of women in African societies demonstrate the mixing of cultures in nations south of the Sahara Desert?How was the Mayan civilization like the civilizations of ..
What is the probability that the service life : A major television manufacturer has determined that its 44 inch screens have a mean service life that can be modeled by a normal distribution with a mean of 6 years and a standard deviation of one-half year. What is the probability that the service l..
Explain the book’s distinction between newspaper racks : Would you expect the policy used by newspaper racks to change if each newspaper routinely included hundreds of dollars of valuable coupons?
Confidence interval for true proportion of registered voters : Find a 95% confidence interval for the true proportion of registered voters in each political party who checked "Yes" on the Presidential Election Campaign Fund question.
What is the marginal cost of the second consecutive day : A one-day ticket to visit the Screaming Coasters theme park costs $36, but you can also get a two-consecutive-day ticket for $40. What is the average cost per day for the two-day ticket? What is the marginal cost of the second consecutive day?
Cerevisiae resistant to antibiotics : Why is s. cerevisiae resistant to antibiotics including, penicillin, kanamycin, gentamicin, ampicillin, tetracycline, neomycin, streptomycin and chloramphenicol.
Perspective on balancing economic growth-environmental issue : What are some of the similarities and differences between U.S. treatment of Indians and Canada’s of Aboriginals? What accounts for the differences? what is your perspective on balancing economic growth and environmental issues? Discuss.
Will your choice affect your fixed and variable costs : As a movie exhibitor, you can choose between paying a flat fee of $5,000 to show a movie for a week or paying a fee of $2 per customer. Will your choice affect your fixed and variable costs? How?
What effect does it have on the social and the task process : Discuss in detail one aspect of group theory and use your group and group project as an example. Comment on the importance of this group topic to your group project. How would you enhance your group work and group project based on the material fro..

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the level of optimal profit for the firm

Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Algebraically calculate the profit maxim..

  Create an sql view named popular shows

Execute this statement using the Microsoft SQL Server Management Studio. Run an SQL SELECT query in the Microsoft SQL Server Management Studio GUI tools to demonstrate that the view Popular Shows View was constructed correctly.

  What level of excess reserves does the bank now have

The Third National Bank has reserves of $20,000 and checkable depositts of $100,000. The reserve ration is 20%. Households deposit $5,000 in currency into the bank that is added to reserves

  Find the number of firms and the output per firm

Suppose the two countries we considered in the numerical example on pages 166-169 were to integrate their automobile market with a third country, which has an annual market for 3.75 million automobiles. Find the number of firms, the output per fir..

  What is the necessary levels of high powered money

Suppose the ratio of deposits that banks hold in the form of reserves is 7 percent. Suppose further that people want to hold 8 percent of their deposits in the form of cash. Then if the fed wants the money supply to be $6,228 billion

  What is the effect on price and profits if ge expands output

The demand curve for the industry is P=100-Q, where P is the price (in $millions) and Q is the total quantity produced by GE and Westinghouse. Currently, each firm has marginal cost of $40 and no fixed costs. Thanks!

  What should an investor buy to yield the largest steam

You are given the following information on the bond market: Money available on January 1, 2004: one thousand dollar interest rates on January 1, 2004, on bonds of different maturities: 1 year, 4%; 2 year, 5%; 3 year, 5.5%; 4 year, 6%

  What is the slope of the budget constraint

Suppose that a holiday bonus raises Josie's income temporarily to $360. Draw Josie's new budget constraint. h. Indicate the new bundles of music and fireworks that are feasible, given Josie's new income.

  Calculate the marginal and average products of labor

Check that the relation between these average and marginal products satisfies the properties that we discussed in Section 7.2.

  What will be rate of return earned by firms in the industry

A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 6.00 percent. This firm is earning $15.00 on every $150.00 invested by its founders. What is its percentage rate of return.

  Solve the budget line and find the coefficient

Suppose the consumer has $100 to spend on consumptionnow (c1) or consumption next year (c2). Any money not spent now can be deposited in a bank account, accumulating interest at an annual rate of 10%, and then withdrawn for spending next year. The..

  Discuss the procedures used to test one of these objectives

Discuss the procedures used to test one of these objectives.

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