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Disney World recently instituted strategic prices, charging park attendees different prices based on the time of year. This has caused overall attendance at the park to decrease, but overall revenue to increase. How does the concept of elasticity explain why Disney implemented strategic pricing, and what the results were?
What is an imprest stock control system?
Why is an inelastic demand curve "insensitive"? Provide an example of a good or service that fits the description.
1. Which is true of using z-scores to compare statistics?
Why is a trade deficit frequently not as problematic as many people assume it to be?
q1. supply and demand for good are given as follows p 1000 - 1.5qd p 60 2.5qsillustrate what is equilibrium quantity?
Firm A emits 200 tons of pollution and firm B emits 150 tons of pollution. Assume that the government issues 300 tradable permits (with one permit allowing for one ton of pollution). Each firm receives 150 tradable permits. Would the annual pollution..
An indifference curve shows
Given the utility function U(F,C) = √(FC), and this budget constraint: 100,000 = 4F+40C, Suppose that a person is consuming more F and less C than the utility maximizing bundle. Would the marginal rate of substitution of F for C be greater or less th..
Suppose macroeconomic policy makers want to keep interest rates constant while increasing consumption in the short run when prices are fixed. Describe the mix of macroeconomic policies that can achieve this dual macroeconomic objective. Describe what..
What are the advantages/disadvantages for time-based pay plans and outputbased pay plans? If you are an employer, which one would you use for your employees
Oligopolies are known as big businesses. Select an oligopoly and discuss how globalization may have affected its resource allocation.
1. explain the difference between the stackelburg and the cournot duopoly models. outline the process by which a
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