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Suppose that a group of die- hard sports fans is upset about the high price of tickets to many games. As a result of their lobbying efforts, a new law caps the maximum ticket price to any sporting event at $50. Will more people be able to attend the games? Explain your answer. Will certain teams and events be affected more than others? Provide examples.
The first that comes to mind in my area is Entergy. They are like most power companies where they are monopolistic by nature, as you do not get to choose who you purchase power from.
assume that a national restaurant firm called bbq builds 20 new restaurants at a cost of 1 million per restaurant. it
2-you find $1000 worth of old coins while you are mountain climbing in Colorado.You promptly deposit the coins in your Checking account. if the reserve requirement is 10%, how much money did you ultimately create
A producer currently hires 20 units of labor and 6 units of capital. The price per unit of labor is $10, the price per unit of capital is $2, and the marginal products of labor and capital are both equal to 20. If the producer increases labor by o..
Suppose that the current market price of VCRs is $300, that average consumer disposable income is $30,000, and that the price of DVD players (a substitute for VCRs) is $500. Under these conditions annual U.S. demand for VCRs is 5 million per year.
Let the before-tax nominal interest rate be 8 percent, and let the inflation rate be 4 percent. If the tax rate on nominal interest income is 25 percent, compute the after-tax nominal interest rate and the after-tax real interest rate.
The documents related to the chosen sample may not be available for inspection.
Would there be strong intertemporal substitution of leisure in using the parameters given in part ( a )? Why or why not?
Group projects are often assigned in classes, with everyone in the group receiving the same grade for the project. Explain why a free-rider problem might arise in this situation.
Calculate the total percentage increase in GDP from one year before the most recent periodavailable and also from five years before the most recent period available.
You are attending the yearly shareholder's meeting of PIC firm. A fellow stockholder points out that manager of PIC received $100,000 last year, while the manager of a rival company, CUP Enterprises, earned only $50,000.
For the system of Problem 15.1, now assume that the sensor has a 5% error in its DC position measurement. Can you design a feedback loop to compensate for this error? If "yes," show the design. If "no," explain.
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