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Gotham Bridge and Tunnel Authority practices peak-load pricing. During peak hours when bridges are at capacity and the price elasticity of demand is -3, Gotham charges $25 per bridge crossings. During off-peak hours the price elasticity of demand is -5. How much should Gotham charge during off-peak hours to maximize profit?
How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?
Illustrate what are three key macro-economic indicators that you could use to assess conditions that apply to your reference organization.
Show that leisure must be a normal good for the labour supply function to be downward sloping.
Assume that the pure expectations theory for the term structure of interest rates holds, no liquidity or maturity premium exists, and the bonds are equally risky.
The supply curve S1 and the demand curve D indicate initial conditions in the market for gasoline. A $.60-per-gallon excise tax on gasoline is levied, which shifts the supply curve from S1 to S2. Which of the following states the actual burden of ..
Compare and contrast the Keynesian (short-run) and Classical (long-run) aggregate supply curves. Which do you believe best describes aggregate supply? Explain
Cigarette Taxes, Black Markets, and Crime: Lessons from New York's 50-Year Losing Battle New York City has the highest cigarette taxes in the United States.
If the terms of the contract are uncertain or incomplete, the parties cannot have reached an agreement in the eyes of the law?
How much is equilibrium level of income or output if Fed decides to set the rate of interest at 10 percent (r=0.10).
Imagine a firm that hires 2 types of workers, some with computer skills and some without. If technology advances so that computers become more useful to the firm, what happens to the marginal product of the two type
Assume that the following table describes prices, incomes, and every person lobster consumption in three U.S. cities.
Determine how the content of the report you selected would most likely impact U.S. businesses seeking to do business in foreign countries. Provide specific examples to support your response - Impact U.S. businesses seeking to do business in foreign..
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