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The scalping of tickets for an event is a sign that at the stated price on the ticket, the:
1. Supply of tickets has increased
2. Quantity demanded is greater than quantity supplied
3. Quantity demanded equals the quantity supplied
4. Quantity supplied is greater than quantity demanded.
1) Name a good with a negative externality. What is the external cost? Will a free market for this good provide too much or too little to be allocatively? how can the government ensure an optimal amount to the good is produced?
A limited liability company is the best form of business for owners who or in a specific industry, two dominant firms work together to set prices.What we call this
What are the various methods of inventory valuation? Explain the effect of inventory valuation methods on profit during inflation. What are the provisions of Accounting Standard 2 (AS-2) with regards to inventory valuation?
The salvage value is expected to be $150,000 at anytime you sell the machine for the next several years. Your MARR is 10%. What is the optimum economic life you predict for the machine?
a needy family of a mother and three children currently receives cash benefits that average 12 per day. the mother of
The future possibility of doctors examining X-rays and performing other responsibilities from remote locations through the Internet. How will this change affect international business?
Calculate the expected utility of each project and identify the preferred project according to this criterion. (c) Is this individual risk averse, risk neutral, or risk seeking? Why?
1. What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100 percent and the federal budget was balances (Hint: Under a balanced budget, tax revenues equal the sum of discretionary ..
suppose you are a regulator in charge of allocating water between residential and agricultural users farmers in
The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work
Explain the major risks involved in subcontractor contracts. Then, determine which of the risks involved holds the most risk to the subcontractor. Support your response with evidence or examples.
using the regression results and the other computations from assignment 1 determine the market structure in which the
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