Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose you have been employed by FIFA to recommend on pricing of tickets for the World Cup Final on 11th July 2010 to be played at Soccer City Johannesburg, a stadium with seating capacity of 88,460. You have been told that the objective is to set a ticket price that will maximise total revenue, given that the marginal cost of an extra spectator is zero. From the demand curve you calculate that revenue is maximised at a ticket price of $200 and that total demand at this price is 80,000, leaving 8,460 seats unsold. Assuming all this information is correct, discuss whether there are ways in which ticket revenues could be increased. (50%)
b) Could FIFA increase its total revenues by selling tickets at prices below the ticket revenue maximising level? Would this also be profit maximising? (50%)
The Weaver Watch firm sells watches for $25; fixed expenses are $140,000; and variable costs are $15 per watch.
A company has a technology described through the production function, Calculate the quantity of labor demanded by the firm and cost minimizing K/L ratio.
The following is a hypothetical short run production function calculate the total output when two hours of labor are employed?
Make some research on a topic known to economists as 'friction-free' or 'low-friction' economy. Early writers on this topic foresaw many of the seismic shifts that have occurred in the market place over last one to 2-decades.
Determine what is Risky Behavior Amoung Youths in Behavioral Economics and explain how does it affect the economy?
Suppose your employer sends you on a reconnaissance mission to Roswell, New Mexico. Your CEO wants to relocate company's customer service operation to Roswell,
You are given the following information on long run cost function, Compute the long run average cost and marginal cost.
Assume capital is fixed at 16 units. If the company can sell its output at a price of $100 per unit and can hire labor at $25 per unit,
The Rainbow Paint Company uses a process costing system. Materials are added at the starting of process and conversion costs are incurred uniformly.
Assume that the current marginal propensity to consume equal .75. Determine what will be the impact on equilibrium NDP of an investment of $1 billion?
Utech Corporation bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per sixteen ounce bottle to retailers, who charge customers 75 cents per bottle.
We make choices as customers every day. Opportunity cost is defined as a person's next best alternative' or best of what you give up when you make a choice
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd