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One reason movie theatres charge a lower admission price to senior citizens and students is because: Movie theater owners feel bad for these lower income groups. Senior citizens and students have a relatively less elastic demand compared to other potential moviegoers. The government requires lower prices for senior citizens and students. Senior citizens and students have a relatively more elastic demand compared to other potential moviegoers.
Calculate the profit maximizing cost per unit if COST MART has an average wholesale cost of $350 as well as incurs marginal selling cost of $100 per unit
which of the 3 determinants of macro performance (internal market forces, external shocks, and policy levers) would you consider the most important in terms of gauging the success/failure.
Illustrate what is the market elasticity of demand. What is your elasticity of demand in this Cournot oligopoly.
Explain where is the economy operating relative to its potential GDP
Assume a perfectly competitive firm's short-run cost is TC = 120 + 160Q + 3Q2. If the market price is $196, what should it do. Elucidate your answer, if continue then explain how much is to produce; state profit level in each decision it makes.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
Why are companies using more technology input while reducing labour input. Why are Average Cost Curves U-shaped. Illustrate what is Law of Diminishing Returns.
Briefly state basic characteristics of pure competition, pure monopoly, monopolistic competition and oligopoly. Under which of se market classifications does each of following most accurately fit.
will have to rise the money supply to keep the price level from falling.can keep the price level stable without altering the money supply or interest rate.
Utilizing a graph of equilibrium in the housing market, describe carefully which parties win and which parties lose from rent control.
What has been happening in Florida in general in terms of unemployment over this time period. What about for GDP.
Government increases taxes by 50 billion and increase transfer payments by 50 billion illustrate what would happen to aggregate demand.
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