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1. Dr. Falk is a dentist who performs two basic procedures: filling cavities and whitening teeth. Falk charges $50 per cavity filled, a process that takes him 15 minutes per tooth and requires no help or materials. For tooth whitening, a process requiring 30 minutes, Falk charges $150 net of materials. Again, no help is required. Is anything puzzling about Falk's pricing pattern?
Explain your answer.
2. In 2010, the Texas Lottery Commission began selling $5 Dallas Cowboys scratch-off game tickets. Prizes for winning tickets included cash, team merchandise, and Cowboys' season tickets for the 2010 season at their new $1.15 billion stadium. Suppose you received one of these Cowboys' scratch-off games as a birthday present and you won free season tickets for the 2010 season. Would there be a cost to you to attend the Cowboys' games during the 2010 season?
Elucidate possible consequences of failing to properly disclose certain items in financial statements.
Elucidate what have noticed is that there is a high demand for Louis Vuitton bags even though they are so expensive.
Illustrate what is the price elasticity of demand. From the price elasticity elucidate the new rates be for 2009 if the demand increases at the same rate.
The number of repairs manufactured by a computer repair shop depends on the number of employees as follows:
These specials comprises of a significant price reduction on selected menu items purchased before some pre-determined time
Why is it not surprising to find that in an oligopoly which sells a basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
write down the paper only to give a substantive feedback based on accounting concepts relative to price management
Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.
Explain how would the edgeworth box change. How would the production possibilities frontier change as a result
Explain how many tonnes of wheat and how many tonnes of copper ingots will be produced if each country specializes.
illustrate what it implies for the relationship between labour supply and productivity growth.
Give at least three explanations of why economic reasoning would argue that this is to be expected.
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