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Tickets to the NFL's games, the Super Bowl, are sold by the League at a below-market-clearing price. This policy produces a short-age. To allocate the relatively scarce tickets, the NFL typically employs a nonprice rationing scheme. For example, during a recent season, the League allowed all interested buyers to submit an application for up to two Super Bowl tickets. The NFL then conducted a lottery to determine which of the submitted applications would be honored. Explain why the nonprice rationing scheme employed by the NFL results in an inefficient distribution of goods. Can the NFL's insistence that the state in which the Super Bowl is played prohibit ticket scalping be justified on efficiency or equity grounds? Explain.
write a 700- to 1050-word business proposal including the five step planning process that describes how you might
A HR Director for a medium size public company. Under Americans with Disabilities Act are the following workers entitled to a affordable accommodation and, if so, what would be affordable:
1. What are the ten principles of economics?
Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.
a given the following monotonically transformed utility function faced by the consumerlnux y 0.5lnx0.5 lnythe price of
how to Write an analysis of an organization researched to examine the specific dynamics within the organization. (The organization must be approved by the instructor.) The analysis may address one or more of the following components.
cloud-based computing allows businesses to store and access large amounts of data over the internet rather than on
When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should continue to produce the level of output at which marginal revenue equals marginal cost.
Suppose that you are on holiday in Russia, when suddenly you are arrested and accused of spying for United States.Your captors tell you that if you confess, you will receive a prison sentence of 2-years,
The industrialization period of the late 1800's saw several new forms of energy developed, including 1. more effective use of humans and animals to power machinery using treadmills.
You're the manager of monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q)=50+8.5Q2 (That's Q squared).
Assume that a country's real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely What problems might it face in the future
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