Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The New York Botanical Garden is a very large garden in the Bronx renowned for its beautiful flora. It is so large that it could hold many times more visitors than currently visit it. The garden charges an admission fee of $10. At this price, 1,000 visitors visit the garden each day. If admission were free, 2,000 visitors would visit the garden each day.
a) Are visits to the NY Botanical Garden excludable or nonexcludable? Are they rival in consumption or nonrival? Is it a public good?
b) In a diagram, illustrate the demand curve for visits to the NY Botanical Garden. Indicate the situation were admission costs $10. Also indicate the situation where there is no admissions fee.
c) Illustrate the deadweight loss from charging a $10 admission fee. Explain why charging $10 is inefficient, and calculate the size of the deadweight loss.
Determine what is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; in the golf, tennis, summer, and hiking.
Carefully describe what will happen as we move from short run to a long run equilibrium in a monopolistically competitive industry if companies are making a positive profit in the short run.
The law of diminishing marginal productivity states that as more and more of a variable input is added to an existing fixed input,
You have researched the common stock of two companies, company A and company B and have compiled the following data:
Dell Computer Corporation, the world's biggest personal computer maker, is keenly aware of everything its rival PC manufacturers decide to do.
Dominant price leadership exists when one company drives others out of the market. The dominant company decides how much each of its competitors can sell.
Assume that the current marginal propensity to consume equal .75. Determine what will be the impact on equilibrium NDP of an investment of $1 billion?
Cruz Manufacturing had a very bad year in 2008. For 1st time in its history it operated at a loss. The firm's income statement showed the following results from selling 80,000 units of product:
The level of fixed expenses necessary to run my coffee shop on a monthly basis is $9,000. In addition, a cup of coffee sells for $1.25 costs $0.25 for the bulk coffee, filters, and water.
Based on predatory pricing theory, the predatory company sets price below marginal cost, the relevant cost of production. Competitors must then lower their prices below marginal cost,
The Zinger Corporation manufactures and sells a line of sewing machines. Demand per period for a particular model is given by the following relationship:
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd