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Read the article 'Scalping Isn't Scamming' (Links to an external site.) and discuss the following (Your comments should include microeconomic concepts such as equilibrium, consumer surplus, producer surplus, and market efficiency):
explain arthur laffers theory of tax rates relative to tax revenue. what is the effect of a tax on the deadweight loss?
Which years were years of inflation?
Identify the major fallacies of international trade. What is meant by international competitiveness? How does this concept apply to a firm, an industry?
What happens to total expenditure of the tour agency if the price falls from $350 to $250 per night per room? Calculate the demand elasticity of the hotel room. Is the demand for hotel room elastic, inelastic, or unit elastic?
Compare your level of confidence at the time you completed Part I to your confidence level for Part II, when you used this decision aid.
Develop a full target market segment for your business plan. Remember, you will take feedback from all submitted portions of your plan, revise, and then submit.
Do you agree with the opening sentence of this article? Why or why not? Do you think technology-mediated communication tools have a negative edge to them? Provide specific examples.
Initially, Michael has 10 candy bars and 5 cookies, and Tony has 5 candy bars and 10 cookies. After trading, Michael has 12 candy bars and 3 cookies. In an Edgeworth box, label the initial allocation A and the new allocation B.
Suppose you are about to hire a person for a job in your company. What is the economic problem you face in this situation and what will you do to overcome it
Determine the monthly payments on a $150,000 mortgage (loan) at 6.00% (annual interest) compounded (paid) monthly for 30 years. ($ 899.32). What is total interest paid over the 30 years?
Can anyone discover how the Consumer Price Index (CPI), primary measure of inflation used through the government, is computed?
You're the marketing manager of a firm that produces Titanium and sells this metal to two distinct kinds of customers: aircraft producers and golf club manufacturers.
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