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Sports economics class. have a couple of equations about a sports team. Discussing price discrimination. how do I find how many tickets to sale to maximize profit? and how much should I charge for the tickets? I have equation for quantity, marginal revenue, and I have the marginal cost already. Do I just set the equations equal to each other?
You work for a newly elected federal-level senator who asked you to prepare a briefing on why socialized medicine has not been the government.
Which of these has the least elastic demand? If total revenue rises when price is raised, demand. The effect on the market for heating oil of a leftward shift of supply would be. A drop in the price of oil will result in
The price elasticity of demand for personal computers is estimated to be -2.2. If the price of personal computers declines by 20 percent, what will be the expected percentage increase in the quantity of computers sold?
(The Long-Run Industry Supply Curve) A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium
What are the characteristics of a PC firm? Using Hot Dogs, Graph the market and the individual supply, demand and costs for Hot dogs side by side. Make sure to include the S.R. and L.R profits.
The market for DVD rentals in Dallas, Texas, is estimated to be P= 10-0.002Q. Marginal cost (MC) of rental is equal to $2. Where PD is the price (per DVD in $) for DVD QD is quantity of weekly rental. The marginal revenue (MR) for rental is equal to ..
You are required to use a figure, with the axes properly labeled, to display this impact in both cases.
How would you incorporate cultural intelligence within a team setting? Please explain
Assume a per-unit tax of $2.00 is levied on the producers of Gadgets. Illustrate what is the after-tax market equilibrium price and quantity.
what he has learned to estimate the demand for ice cream in his father's parlor during his summer vacation. Using regression analysis.
More than one million people travel by car from the suburbs to downtown Chicago each weekday. The commute using interstate highways (i.e. expressways and tollways) averages 90 minutes one way. Using side streets, the same commute takes only 60 minute..
Suppose that the Live-Long-and-Prosper Health Insurance Company charges $5,000 annually for a family insurance policy. The company’s president suggests that the company raise the annual price to $6,000 to increase its profits.
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