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Assume that the theme park owner invested in expanding his park so that he could accommodate up to 1,500 customers each day. The theme park still charges a single admission price, and all rides are free after admission. During summer, demand follows a stable and predictable pattern with higher demand on weekends. The demand curves are linear and their parameters are given below:
a) What single-price policy would maximize his total revenue, assuming he faces independent demands for each day? What is his corresponding attendance and revenue per day?
b) Under the same assumptions, what would be the variable prices he should charge for each day to maximize expected revenue, and what are the corresponding attendance and revenue per day?
How they became unemployed. In a multi-paragraph essay, apply the theories of unemployment to explain the type of unemployment that each of these individuals is facing and explain which of these individuals qualifies for unemployment benefits.
Assume the population over age. Elucidate what would be the measured unemployment rate.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
Business if it was done by trade associations, certifications, and professional societies.
The article above says, "Underlying the Treasury market's limited downside Monday is the broad based concern that even with the war in Iraq having been completed,
Suppose a company where production depends on two inputs: labor and capital, with prices w and r, respectively. Initially, the company faces market values of w=6 and r=4.
Why are most labor unions--whose constituents receive wages substantially above the minimum wage strong supporters of the minimum wage Why might unions composed of skilled workers who are pure complements in production with raw materials produced
What annual inflation rate is implied from a market interest rate of 15% per year when the real interest rate is 4% per year?
Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.
Use cases provide a description of the functional requirements of the system. The textual description of a use case can appear in three different formats: brief, intermediate, and fully developed. The brief description consists of a paragraph that..
make comparision between the situation after both of these changes have happened with the situation before any of these changes have happened.
How did growing economic and industrial wealth affect transportation in Great Britain in the 18th century? Discuss the movement of bulk commodities such as coal and the development of iron industry as they relate to transportation.
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