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You are the new appointed nationwide manager of Cee Lo Green theateres. At present the theateres charges the same admission price of $8 to all customers, regardless of age. After completing ECO 6311, you propose a two-tier pricing scheme: $5 for children under the age of 12 and $10 for adults. You tell your CEO that your proposal is likely to increase revenues. What must be true about the price elasticity of demand if your proposal is to achieve its goal of raising revenue? Explain your answer.
Compute the change in the level of real GDP demanded for each of the following values of the MPC. Then, calculate the change if the government, instead of reducing its purchases, increased autonomous net taxes by $10 billion.
Elucidate why might an economist be skeptical of Billy's discrimination complaint. Billy works for the local piano-moving company part-time after school.
Explain how does the deposit primarily change the T-account of the local bank. How does it change the money supply.
Select a private-sector, for-profit firm and write a 1,050 to 1,400-word paper/business proposal in which you provide recommendations to that firm. Explain how fixed and variable costs should be adjusted to maximize profit.
Q. Explain how and why a monopoly would try to price discriminate. Serving food on weekdays to business people and retired people.
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
illustrate what is the real GDP in every yr, given which the price index has risen from 100 to 104.5 in the 1st yr also up to 108.3 in the 2nd yr.
If Rob and Nate are the only people who purchase discs, graph the aggregate demand for discs and write down the equation for this aggregate demand function.
Assuming that the budget stays the same except for the interest on the debt for 10 years, illustrate what will be the accumulated debt. What will the size of the budget be after 10 years.
Using human capital theory elucidate what these dangers are. While there may be good reasons for heavily subsidizing university education, there are also some dangers in it.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
Contrast two or three key economic factors for this country with the United State economy also comment.
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