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You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what they’re willing to pay for a movie ($10, $9, $8, $7, $6, $5, $4, $3, $2, $1). It turns out that the low-value customer groups, those with values ($5, $4, $3, $2, $1), are all over 65 years old. All the costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold. What price should you charge for movie tickets? Should you offer senior citizen discounts? If so, how much?
q1. the coase theorem suppose a firm pollutes a stream that has a recreational value only when pollution is below a
q.the following equations describe a small open economy. figures except the parameters are in millions of dollars. c
Suppose that a computer software company controls the operating system market. Although the government knows that the price is higher than it would be in the presence of competition, Which of the following policy options might most effectively enable..
Why is a point below the production possibilities curve less efficient than a point on that curve?
If R and F both have 12 hours of labor that they can give to catching fish or goats, and R requires 1 hour to catch a fish and 2 hours to catch a goat, F requires 6 hours to catch a fish and 3 hours to catch a goat. They are able to trade at Pf=Pg..
During World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. Explain why might this have been an effective weapon.
Decreasing returns to scale imply that. When average cost is falling, marginal cost is ____________ and when average cost is rising, marginal cost is _________________. If the price of an input changes, there will be a new expansion path. As long a..
Explain how does it affect consumer surplus, producer surplus, government revenue, and total surplus. Is it a good policy from the standpoint of economic efficiency.
How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?
Discusss the effects to the equilibrium price level and GDP. Make sure to address consumption, disposable income, and aggregate demand in your answer.
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
What is the impact on the market for abdominal surgery usin this new technology?
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