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Yesterday you were unexpectedly given a free ticket to a Dave Matthews concert scheduled for tomorrow night. You've known about this concert for weeks, and the market price of this ticket is $75, but you also know that the most you can sell the free ticket for is $50. Today you discover that Ani DiFranco will be giving a concert tomorrow evening as well. Tickets for the Ani DiFranco concert are available for $75. Had you known before receiving your Dave Matthews ticket yesterday that Ani DiFranco would be coming, you definitely would have bought a ticket to see her.
How much do you value the DiFranco ticket? How much do you value the Dave Matthews ticket?
Profit maximization in perfectly competitive and monopoly markets requires setting MR = MC - in monopoly markets, firm and market demand curves always have identical slope.
Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp and prolonged inflationary trend.
Find a news article that is about a microeconomic topic that we have covered during this class. The article can be from the internet, newspaper, or a magazine.
Many states tax cigarette purchases. Suppose that smokers are unhappy about paying the extra charge for their cigarettes.
Who are their key stakeholders and what are their expectations? Which diversification strategies applied at which stages of the NTOs' life cycles/evolution?
Suppose that Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000.
Some individuals decry the decline of the small family farm and its replacement with the huge corporate megafarm. Discuss the possibility that this is a consequence of economies of scale.
Traffic at a certain intersection is 2000 cars per day. A consultant has told the city that traffic is expected to grow at a continuous rate of 5% per year.
Consider the dominant and recessive alleles for hair type: 1. What would be the genotype of an individual who is heterozygous?
More than half of all residents would prefer tolls on all motorways to be reduced by 25 cents, rather than receiving a $100 lower annual registration
suppose you live and work in cleveland earning a salary of 75000 per year and spending 10000 for housing. you heard
1) A country with a civilian population of 900,00 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3000 are structurally unemployed. On the basis of this data, answe..
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