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Alex is willing to buy the last ticket to the Billy Bragg concert for $15, while Jake is willing to pay $25. Alex is first in line and buys a ticket for $15. Alex could sell his ticket to Jake for $20, but he can't because of government regulation preventing the reselling of tickets. The regulation, then, is causing:
a. potential total surplus to increase.
b. a deadweight loss of $5.
c. potential total surplus to decrease.
d. consumer surplus to decrease and producer surplus to increase.
When US assets are more attractive to foreign investors, what happens to demand for dollars vs demand for a foreign currency.
Use a .01 level of significance to test if there is a difference in the mean production of the three assembly lines. Develop a 99% confidence interval for the difference in the means between Line B and Line C.
Laura has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is $250,000. Calculate the discoun..
Explain as completely as you can (IN YOUR OWN WORDS) what an economist means by demand (supply) and discuss (this implies that you are able to discuss why the factor causes the shift and explain the direction of the shift. How does a change in demand..
A remotely situated fuel cell has an installed cost of $2,200 and will reduce existing surveillance expenses by $360 per year for seven years. The border security agency's MATT is 12% per year. What is the minimum salvage (market) value after seven y..
Describe equilibrium price and quantity, and explain and illustrate with two supply and demand graphs how a change in supply and a change in demand affect the equilibrium point. Define price elasticity of demand in your own words, and provide example..
If average income increases from US$5,000 to US$5,500 and if technological advances reduce cost of catching fish from US$2,500 per ton to US$2,000 per ton, by ExplainING how much will annual catch exceed maximum sustainable fish catch.
How can an entrant mitigate the risks associated with sunk costs? How might sunk costs of entry actually facilitate entry?
Discuss impact of social wefare and idustrial policy initiatives on organization and the wider community in sri lanka. Explain how does risk sharing benefit both financial intermediaries and private investors.
Twenty-seven amendments have been added to the U.S. Constitution. Obviously, all are important, in their own way. However, you will select three amendments, and in a minimum of three paragraphs, you will discuss why you believe each of these amendmen..
County is considering using a piece of park land for one of two alternative recreation projects. Project A would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force in 150 million. Illustrate the number of unemployed workers in this economy.
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