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Question 1 - Think of ticket scalpers at a rock concert, a baseball game, & an opera. Might they exist because the tickets to these events were originally sold for less than the equilibrium price? Why or why not? In what way is a ticket scalper like & unlike your retail grocer, who buys food from a wholesaler & then sells it to you?
Question 2 - James lives in a rent-controlled apartment and has for the past few weeks been trying to get the supervisor to fix his shower. What does waiting to get one's shower fixed have to do with a rent-controlled apartment?
Question 3 - Buyers always prefer lower prices to higher prices. Do you agree or disagree with this statement? Explain your answer.
Question 4 - If the absolute price of good X is $10 and the absolute price of good Y is $14, then what is
(a) the relative price of good X in terms of good Y ?
(b) the relative price of good Y in terms of good X?
Describe how a large corporation in an established industry can be "entrepreneurial" and discuss how Peng's entrepreneurial strategies apply in this situation.
What was the average annual unemployment rate in 2006 for college educated people, 25 years and older?
Bud and Wise are the only two producers of aniseed beer, a New Age product designed to displace root beer. Bud and Wise are trying to figure out.
1 describe at least thee types of tangible and intagible resources and capabilities 2 which is more difficult: imitating a firm's tangible resources or its intangible resourrces 3 if a firm is successful domestically,is ti likely to be successful int..
How might the combined carbon tax and dividend scheme change the household's consumption bundle and its wellbeing relative to the pre-tax situation?
In recent years, both the personal exemption and child tax credit have been increased in the United States. According to the basic principles of economics, how will the birthrate be affected by policies that reduce the taxes imposed on those with chi..
I am learning about scarcity in my SS 6th grade and I am unsure about this question. which sentence best tells the effect of scarcity on economics.
You are given only three quarterly seasonal indices and quarterly seasonally adjusted data for the entire year. What is the raw data value for Q4
How a specific idea is agenda-set and adopted by political actors: By using John Kingdon's multiple streams analysis you will map how an idea was agenda-set, ad
Considering the two shocks above, determine how the demand and supply of houses in Melbourne would change.
Capital accumulation and technological change bring economic growth: Production that was unattainable yesterday becomes attainable today.
What impact would an increase in the monthly premium have on their consumer surplus? What would be the impact of a reduction in co-payments?
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