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1. Consider the following three demand curves (where P is price in dollars and Q is quantity in units):
(A) Q = 200 - P (B) Q = 100 - 0.5P (C) Q = 200 - 0.5P
At a price of $20, calculate the own price elasticity of demand for each of the three demand curves.
2. The owner of a baseball team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q, where P is the average price of a ticket and Q represents the number of seats (expressed in thousands). The local stadium seats a maximum of 56,000 per game. The price has been set at $10 per ticket. (Note: Assume that all seats and all games are the same in this problem.)
a. If the owner is only interested in maximizing revenue, has he overpriced or under-priced the tickets?
b. Suppose the owner offers you 10% of any increase in revenues that you can generate. If you can only choose a uniform per-ticket price, what is the maximum amount you can earn per game?
Various financial data for 2007 and 2008 follow. Calculate the total productivity measure and the partial measures for labor,capital, and raw materials for this company for both years.
This machine will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its annual net revenues are estimated to be $50,000. To expect a 20% rate of return on investment.
consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor
work will be evaluated for the clarity of the structure, the logic in the development of your argument, and the thoroughness with which you discuss the important point
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You are the city engineer and are negotioating with a land developer. The developer wants water service to a new development and you report that service can be completed this year by city crews at a cost of $200,000
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For each event, you must specify how it effects either demand, quantity demanded, supply, or quantity demanded. It is also important to demonstrate how the change will affect the market demand or supply curve.
If the CPI was 120 last year and is 144 this year, what is this year's rate of inflation In contrast, suppose that the CPI was 120 last year and is 114 this year. What is this year's rate of inflation What term do economists use to describe this seco..
Prepare a two- to three-page analysis by answering the questionsbelow. Be sure to cite your references using APA format.Assume that the officials in Ecoland have compiled the following information about their economy for last year.
part B says "producing Zlurp creates pollution. Each bottle has an external cost of $1. Taking this additional cost into account, what is the total surplus per person in the allocation described in part A"
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