User Account

All Pages

Concepts of consumer surplus and producer surplus

Assignment Help HR Management
Reference no: EM131644725

1. What is the difference between the concepts of consumer surplus and producer surplus.

2. Explain and give and example of the concept of economic efficiency.

3. What is the economic effect of government-imposed price floors and price ceilings.

4. Give an example of Government Intervention in the Market: Price Floors and Price Ceilings.

5. Answer the following question: Ticketmaster has begun to offer "paperless" entry as an alternative to physical tickets for concerts by music superstars such as Garth Brooks, Miley Cyrus, and Justin Bieber. These performers and professional sports teams have begun adopting "paperless ticketing" for some or all of the seats sold for their performances. One motive for paperless ticketing is to prevent "scalpers" from buying up and reselling tickets at prices higher than those charged by promoters and team owners. Fans buy paperless tickets with their credit cards and gain admittance to the events by showing their credit cards and photo IDs. Ticketmaster and other companies that specialize in selling tickets for events endorse this as a way for consumers to avoid waiting in line and losing tickets. But StubHub.com and other companies that are in the business of helping people resell tickets online oppose paperless tickets. Gary Adler, a representative for the National Association of Ticket Brokers, argues: "People should be free to give away or sell their tickets to whomever they want, whenever they want . . . An open market is really best for consumers."

Sources: Adam Vaccaro, "From Concert Goers to Big Business Concerns, Inside the Fight Over Paperless Tickets," Boston.com, January 10, 2015; and Paul Farhi, "'Paperless ticketing' aims to thwart scalping at concerts, sports events," Washington Post, July 5, 2010.

Question: Does paperless ticketing benefit consumers more than traditional ticketing that allows tickets to be resold?

Reference no: EM131644725

Questions Cloud

Business intelligence and data warehouses : Describe examples in which databases could be used to support decision making in a large organizational environment - examples in which data warehouses
How much potassium does the model estimate : Cereals. For many people, breakfast cereal is an important source of fiber in their diets. Cereals also contain potassium, a mineral shown to be associated.
Accounting costs and economic costs : What is the difference between accounting costs and economic costs?
Number of bricklayers to increase production : The company is considering increasing the number of bricklayers to increase production. Does diminishing returns hold in this scenario?
Concepts of consumer surplus and producer surplus : 1. What is the difference between the concepts of consumer surplus and producer surplus.
Compute materials price and efficiency variances : Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. Compute materials mix and yield variances
What are the variables and units in the regression : Real estate. A random sample of records of sales of homes from Feb. 15 to Apr. 30, 1993, from the files maintained by the Albuquerque Board of Realtors.
Opportunity cost of attending the two-year : What is her opportunity cost of attending the two-year graduate program?
Define the literature for a qualitative research article : Conduct a search of the literature for a qualitative research article that would answer your qualitative research question

Reviews

Write a Review

HR Management Questions & Answers

  Describe abell three-dimensional business-definition model

Describe Abell's three-dimensional business-definition model and explain where it can be utilized. Then, consider Reader's Digest Association, publisher of Reader's Digest, the largest circulation magazine in the world in 1992. As famous and as po..

  Sales management answer the following 10 questions below

answer the following 10 questions below please use my course textbook only. ltbrgt ltbrgtcourse textbook ltbrgt

  Do you find evidence of strategic ihrm

Do you find evidence of strategic IHRM in the MNE and Who should be responsible for development of global competencies in an MNE?

  Current level of readiness

Differentiation can be defined as meeting students at their current level of readiness and then planning instruction around individual needs. When combining these two theories, classroom instruction becomes engaging, dynamic, and inclusive.

  Compensation and benefits-reward-behavior relationship model

Explain this model and compare it with Herzberg and Maslow's theories on motivation. Include examples and highlight key differences between them.

  Why do you consider globalization as challenges

Why do you consider globalization and talent management as challenges that organizations may face in the next ten years?

  Explain the components of a flexible-cafeteria benefit plan

Explain the components of a flexible or cafeteria benefit plan. Discuss the hurdles that must be overcome before such plans will achieve greater acceptance.

  Discuss the benefits chain stores

Question 1: List and discuss several factors that are expected to change the face of retailing during the next decade. Question 2: Define channel advisor and discuss the benefits chain stores can achieve in this role.

  Analyze a specific medicaid program

Analyze a specific Medicaid program that seeks to benefit the middle class in the state in which you reside.

  Determine selection processes for recruiting new employees

Determine two (2) selection processes for recruiting new employees that could apply to your chosen scenario and then identify five (5) selection criteria that you could use when hiring new employees. Next, analyze the effect of the five (5) identi..

  Consideration of the pros and cons of contract employees

Provide three reasons why you would recommend that they use contract employees and give 3 reasons why you would recommend against using contract employees.

  Define performance management

Define Performance Management.As you develop your ideas be sure to include your thoughts about which are the important aspects of an improvement plan.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd