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One of the most popular tourist destinations in the US is Las Vegas. Unlike many other destinations in the US, price discrimination is common in Las Vegas, with many businesses regularly offering discounts to local residents for food and drink, entertainment and even hotel rooms. Why do you suppose these local's discounts are common in Las Vegas but not other US cities? How is this pricing policy similar to the one described for the Buddhist temple in Laos?
Over the last several years the equivalent annual cost at 8% per year has been $28,000. A subcontractor will perform all field painting for an initial fee of $100,000 for a 5-year contract and an add- on rate of $5.00 per 100 sq ft per coat (laye..
Calculate firms' production levels and profits. Calculate the Herfindahl index of market concentration when market shares are measured as production shares. The Herfindahl index is a function of c. When is the Herfindahl index increasing in c? Dec..
A television station is planning the sale of promotional DVDs. It can have DVDs manufactured by one of two suppliers. Supplier A will charge the station a set-up fees of $1,200 plus $2 for each DVD.
you have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to
At the start of the movie, what are the resources of Ant Island? What resource do they lack most of all? What changes in the Ants'' resources do we see through the film? Are the Grasshoppers entrepreneurial talent or are they just annoying?
The recent merger of US Air with American Airlines received both national and local attention. The U.S. Department of Justice contested the merger on the basis that it would produce harmful monopoly-like behavior in many airline markets.
Think about how and why goods and resources are scarce. Goods and resources can be scarce for reasons that are inherent to their nature at all times.
Identify the choice that best completes the statement or answers the question and table shows a game played between two players, A and B. The payoffs in the table are shown as (Payoff to A, Payoff to B).
A country repeals its minimum-wage law. What are the short-run and long- run effects of this action?
Personal Examples of Marginal Utility Analysis
what impact would a change that shifts an economys production possibilities curve outward have on the long run
How do firms benefit from economies of scale - What might be some potential disadvantages of being part of a Hilton Hotels and Resorts?
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