What is the price elasticity of the demand for tickets

Assignment Help Econometrics
Reference no: EM131057768

Market research indicates that you can sell 40000 tickets for the sundowns-Pirates clash at R10 each, or 30000 tickets at R20 each.which option would you choose?what is the price elasticity of the demand for tickets for this particular game?

Reference no: EM131057768

Questions Cloud

Use for preferred stock in the computation : OMG Inc. has 4 million shares of common stock outstanding, 3 million shares of preferred stock outstanding, and 5,000 bonds. Suppose the common shares sell for $20 per share, the preferred shares sell for $19 per share, and the bonds sell for 109 per..
What is the average of these five amounts : What is the average of these five amounts?
Discuss the expanding role of ethics committees : Discuss the expanding role of ethics committees, including internal operational issues and external influences that effect internal operations. What role do you believe is the most significant role an ethics committee plays, or should play?
What sort of activities do you think are risky : In this context, what sort of activities do you think are "risky"? Using the Argosy University online library and the Internet, find at least two examples of risky behaviors and potential (or real) outcomes.
What is the price elasticity of the demand for tickets : what is the price elasticity of the demand for tickets
Supplier of transportation services : Consider a firm selecting a supplier of transportation services? What are the advantages to using a truckload carrier? A package delivery firm such as UPS?
Identify one area that you can improve in and how : Provide a detailed explanation of your strengths in dealing with each group. Identify one area that you can improve in and how. Explain the importance of being professional.
How much profit or loss per haircut does the firm have : How much profit or loss per haircut does the firm have
How the boston police department performed : Provide at least one example of how the Boston Police Department performed each of these four sectors or systems of the police role in homeland security during the investigation of the Boston Marathon bombing.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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