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1. Go to the Arkansas State University basketball tickets page https://www.astateredwolves.com/ViewArticle.dbml?& Identify an example of third-degree price discrimination.
2. Using the same website, identify at least two examples of second-degree price discrimination.
How does a restriction on importing goods affect consumers? What about firms? Consider raw goods coming in from international waters to make or manufacture products. For instance, chocolate is an expensive raw material. Cocoa beans are not a product ..
Suppose an economy described by the Solow model is in steady state with population growth n of 1.8 percent per year and technological progress g of 1.8 percent per year. If you used the growth accounting equation to divide output growth into three so..
Outline the methodology of studying economics also utilize examples in your conversion.
q1. consider a market where supply and demand are given by qxs -14 px and qxd 82 - 2px. suppose the government
Assume a firm produces 500 units of a good by using two inputs, capital and labor, whose per unit prices are $10 and $4. Assume also that the marginal physical product of the last unit of capital is 30 and the marginal physical product of the last un..
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Q=4000-4p, where P is selling price per unit and Q is quantity demanded. V= $25/unit which is the revenue per unit and Fixed cost = $10025. (a) Find Breakeven quantity or quantities, (b) find maximum revenue, (c) find the maximum profit.
A new firm is developing its business plan. It will require $635,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. Management is reasonably sure of these numbers because of contracts with its custome..
Sales are 3,100 at a price of $200 and 2,400 at a price of $300. Calculate the price of elasticities of demand using $200 as the base value; then use $300 as the base value. Calculate the arc price elasticity and compare the three calculations. How d..
Government encourage a decision to expand? How would it affect the reputation of the business?
Anticipate what business law may look like 20 years from now and give your opinion on what you believe students will need to know in order to be successful in the field. Provide a rationale for your response.
Anthony is considering the purchase of used car. The price, including the title and taxes, is $9,530. Anthony is able to make a $2,530 down payment. The balance, $7,000, will be borrowed from the Credit Union at an interest rate of 9.25% compounded d..
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