Why the demand for sporting events is uncertain

Assignment Help Microeconomics

Reference no: EM13244309

Suppose your parking lot has two different customers who use it at two times. Daily commuters use it during the daytime, adn sports fans use it at different times to park at sporting events. Daily commuter demand is variable, yet stable and known. Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. How would you price these two events differently?

Reference no: EM13244309

Questions Cloud

Could the firm increase its profit by using a second plant : The firm's production manager claimsthat the firm's average cost of production is minimized at anoutput of 40 units. Furthermore, she claims that 40 units is the firm's profit-maximizing level of output. Explain whether these claims are correct.

Determine the magnitude and direction of the towing force : A canal boat (mass=25,000 kilograms) is being towed at a uniform velocity v=3.10 m/s, Determine the magnitude and direction of the towing force

Solve for consumption and leisure as a function of a : max c,l,h {ln(c)+μ ln(l)} subject to the budget constraint: c=a+(1-T)wh and the time constraint: l+h=1 let μ>0. T

What is the airplane''s altitude : A pilot knows a 7.00 km distance lies between two landmarks A and B on the level ground below. When he is over landmark A, What is the airplanes altitude

Why the demand for sporting events is uncertain : Daily commuter demand is variable, yet stable and known. Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. How would you price these two events differently

What is the final velocity of ball b : A ball of mass 20 kg moves with a velocity of 2 m/s along the +x axis (call it ball A). It collides with a ball of mass 12 kg which is initially at rest (call it B), What is the final velocity of ball B

Find the magnitude of the static frictional force : The wheel of a car has a radius of 0.320 m. The engine of the car applies a torque of 288 N · m to this wheel, What is the magnitude of the static frictional force

Xplain why you would be interested in this positions : A) Pick 1 ad for a professional B2B sale positions that would be of interest to you when you graduate and/or gain more experience? Option 1 : Explain why you would be interested in this positions (5 sentences or bullet points). include the ad.

What is the force constant for the co bond : Explain the difference between a fluorescence emission spectrum and a fluorescence excitation spectrum, What is the force constant for the CO bond

User Account

All Pages