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Explain, using managerial economics, why sports economists believe ticket prices are too LOW. No more than 75 words, please. You can do an excellent job with 40 - 50 words if you are concise.
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day
Based on your personal experience, please post one good that you think has elastic demand, and one good that has inelastic demand. Please include an explanation as to why you chose these goods.
Assume that a monopolist has a demand curve given by P = 1500 - 4Q, and T C = 100 + 5Q2 with MC = 10Q. Calculate the dead weight loss. Calculate the producer surplus
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
which in this case is lagged second difference. Note that it remains below zero after stock market crash of 1987. You can also do same thing for or variables. Are they fairly consistently away from zero. If so, can you design a rule to make money.
Federal Law allows workers who leave a job to continue to participate in the health insurance they were receiving through their previous employer. However, they have to pay the full monthly premium (including both the employee and employer portions),..
The current price of scrap steel is $6/pound, but it was 4.87/pound just 4 years ago. What is the average inflation rate for scrap steel? Assuming in the last year of a project that Revenue was $100,000, Expenses were $50,000, Working Capital Release..
The federal government is trying to decide what to do with the surplus they expect to have this year. They increase spending on schools. Determine whether the rate rise or fall? Does the loanable funds rise or fall?
If the current yield on a long-term bond is 2%, and the one-year rate of capital gains is -5%, then the one-year rate of return on the long-term bond is equal to ______? Please show all work.
How might it be possible for the unemployment rate to still increase? Provide an example, i.e., provide a scenario with numbers, to support your answer
Consumption in year three is $200, investment in year three is $100, government spending in year three is $150, exports in year three are $100, imports in year three are $150. Prices for everything in year one are $20, in year two prices for everythi..
After the Federal Reserve increases the growth rate of the money supply, what is the new total spending growth rate? Now think about the point that the economy ends up at that is the new long run equilibrium. What is the value of expected inflation f..
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