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Question: Suppose you manage a baseball stadium. To pay the salary for a star player, you would like to increase the total revenue from ticket sales. Should you increase or decrease the price of a ticket to increase revenue? Explain.
Using the compounding annual interest rate from above, what is the nominal, period interest rate and corresponding effective interest rate if compounding is hourly? Assume 30 days per month,What is the annual compounding interest charged?
Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:
Do you feel your peer captured all of the complex parts of economic evaluation? What did he or she miss? What other comments or questions do you have for peer?
a firm has the following short-run production function where l labor and q outputq 10l - 0.5l2suppose that the
Hambry's president has a goal of $1 million profit next year at each plant with no revenue or fixed cost increases. Determine the decreases (dollar amounts and percentages) in variable cost necessary to meet this goal if the number of units sold i..
Identify a current change in an organization with which you are familiar. Alternatively, identify a current public issue about which "something must be done."
Compare and contrast the two moral philosophies: teleology and deontology. Discuss the bases that each philosophy type uses to evaluate the morality.
If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sale will
An oligopoly contains N identical firms. The cost function is convex in output. Show that if the firms act as Cournot competitors then as N increases the market price will approach the competitive price.
Describe the benefit of diversity base on diverse experience increasing the creativity of the entire team with explanation and example and evidence
If the government decides to tax the consumption of cigarettes, (suppose there was not one on the market before) what will happen in the market for cigarettes?
Explain the MC=MR Rule. Describe the market structures to which this rule applies and create a chart to illustrate the data in Columns 9 and 10.
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