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How does Ticketmaster's "dynamic pricing" affect ticket sales, total revenue and profit? Does Ticketmaster provide a valuable service, or is it a necessary evil to purchasers of event tickets?
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, Illustrate what were the economic incentives for producers.
Draw the supply and demand curves on the same diagram. Determine the equilibrium price and quantity and demonstrate it in your graph. Calculate the ARC elasticity of demand when the price move from $6 to$10
What is the dollar value of the invoices in exercise 13 if the dollar: a. depreciates 10 percent against the Australian dollar b. appreciates 10 percent against the British pound
The demand curve for haircuts at Terry Bernard's Hair Design is: Where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the p..
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
Discuss which economic relationships you have studied up until now (not just in this class, but in all your economics classes) could be estimated using the simple linear regression model as well as the information you would need to estimate such a re..
What are the variables of a regression analysis, and how do they affect the results of the analysis? What challenge does this pose to getting reliable results?
consider the problem of carbon dioxide emissions. we will abstract away from the problem somewhat assuming there are
Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position in the google antirust case.
Assume there are N firms A1 , . . ., AN serving a market with demand given by D(p). Assume that these firms compete for market share via quantity competition. Finally, let cAi (Q) denote the cost function for firm Ai. Describe this environment as a g..
What are the most likely reasons why so many U.S. firms offer subsidized private health insurance plans to their employees and the employees’ family members? What are most important advantages and disadvantages (for social efficiency) of having so ma..
GRAPH a comparison of the short-run and long-run profits, price, and quantity of a Monopoly and a Perfect Competition firm. Which type of market structure generates greater profits? Why? Give 5 Characteristics of a Perfect competition firm and monop..
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