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mpact on Revenues
Several years ago the National Association of Broadcasters imposed restrictions on the amount of nonprogram material that could be aired during children's tv shows, effectively reducing the quantity of advertising allowed during children's viewing hours by 33 percent. Within four months, the price of a minute of advertising on network tv increased by roughly 14 percent. What's the impact of this on the revenues of the networks and why?
What would anything change if unemployment benefits were reduced such that the y-intercept of the MC curve increased four-fold. Show graphically.
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
Explain why dose not raise in aggreate demand translate into an increase in real GDP.
Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies.
Consider the following data on US GDP-What was the grwoth rate of the GDP deflator between 1999 and 2000?
In the 1970s people had become accustomed to high inflation. In 1979, Bank of Canada decided to fight inflation and decreased the money supply growth rates.
A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Explain the most important economic, political or social issue facing the United States.
Elucidate how have these policies affected the prices of the product the industry produces?
You will be asked to collect five (5) newspaper articles relating to subjects we are covering in the class. As we cover the various chapters you should be actively searching newspapers/magazines to find articles.
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