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Suppose that the demand curve for tickets to see a football team play a game is given by Q = 80,000 - 40P and marginal cost is zero. The team's stadium can host 75,000 fans.
i) How many tickets would the team sell if it behaved competitively? And what is the price of the ticket?
ii) How many tickets would it sell - and what price would it charge - if it behaved like a monopoly?
The price of oil is determined by supply and demand. The price of oil has been steadily hovering around the 100$-$120 per barrel mark for many years. Base on your understanding of the economic theory of supply and demand; describe why the price of oi..
The Federal Reserve controls the nation's money supply by using various tools that it has at its disposal. Which of the following is not a tool used by the Fed to change the money supply?
Suppose the CEO's goal is to increase profitability and output from her company by bolstering its sales force and that it is known that profits as a function
Suppose a new tax is placed on the firms selling sugary drinks. What is the likely impact on prices of sugary drin
What is the primary purpose of the Black-Scholes-Merton? How can historical data be used to identify risk? Volatility? How can this model be used to project future volatility? How does the Black-Scholes-Merton model help create valuation for options?
Review Porter's 4 competitive strategies and give a real-life company example of which strategy a company is pursuing.
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
Imagine that you are a financial manager researching investments for your client that align with its investment goals. Use the Internet or the Strayer Library to research any U.S. publicly traded company that you may consider as an investment oppo..
What measures can families take, even in the absence of additional income or health services, to keep their children healthy? Explain
Imagine a scenario in which you are a junior sales executive for a multinational firm selling a product line in many corners of the world.
What is the best predicted interval time following an eruption with a duration time of 120 min?
The residents of the town Marina Del Rey all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $ 2,400,000 and no variable costs. Graph the museum’s average total cost curve and its marginal cost curv..
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