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Suppose that you are an officer of your campus theatre club. You are at a meeting called to discuss ticket prices. One member says, "What I hate to see most of all is empt seats in the theatre. We sell out every weekend performance; however there are always empty seats on Wednesdays. If we cut our Wednesday night prices by enough to fill up the theater we'd bring in more money." Would this tactic really bring in more revenue? What would you require to know in order to be sure?
the charlotte bobcats a professional basketball team has been offered the opportunity to purchase the contract of an
How would you expect each of the following factors to affect the natural rate of unemployment?There is an increase in the rate of technological change
Consider a N firm homogenous good oligopoly with constant marginal cost, which is the same for all firms. Assume that the N firms form a collusive agreement to produce monopoly output levels as long as no cheating is observed.
in neoclassical growth models the sources of growth is exogenous usually technology. such theoretical models hence are
What are the economic impacts of wireless power? Is it going to be economic or more expensive? Please provide charts or some data for validation.
The market supply and demand functions for a product traded on a perfectly competitive market are given below: QD = 40-P QS = -5 +4P. Based on this information, calculate the equilibrium price and quantity in this market.
Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth
u.s. interest rates rise compared to the rest of the world. draw what happens in the exchange rate market. what happens
What is the Laffer curve, and how does it relate to supply-side economics? Why is determining the economy’s location on the curve so important in assessing tax policy?
1. Why is it necessary to understand the concept of present value to analyze the schooling decision 2. Provide an intuitive explanation of the concept of present value.
most spells of unemployment are short and most unemployment observed at any given time is long term. how can this
a firms long-run total cost curve is tcq 100q 0.5 . derive the equation for the corresponding long-run average cost
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