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A sportswriter writing about the Cleveland Indians baseball team made the following observation: "If the Indians suddenly slashed all tickets to $10, would their attendance actually increase? Not all that much and revenue would drop dramatically." What is the sportswriter assuming about the price elasticity of demand for Indians' tickets? Source: David Schoenfiel, "Chat with David Schoenfield," espn.com, November 27, 2012.
How do the different economic systems (capitalism and socialism) differ in the way they answer these three questions - What to Produce? How to Produce? and For Whom to Produce?
a new osha rule requires that welders be given 2 hour break for every 2 hours of work to prevent carpel tunnel
The owner-manager of Good Guys Enterprises obtains ulility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures.
Assume that both magazines are owned by the same publishing company that maximizes the combined profits of the magazines. Will the company make the same choice as in the noncooperative game (i.e., owned by different publishing companies)?
Assume that an economy producing two products, skateboards and in-line skates, is initially in equilibrium, and that skateboards and in-line skates are substitutes. If consumer preferences shift away from skateboards and toward in-line skates, which ..
In particular, what will be the likely effect of the LEGO Group's venture LEGO Universe on the organization of the LEGO Group in the future?
What are the merits of rate-of-return regulation, as it applies to natural monopolies?
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP).
kaiser.s almon plant can produce k tons of aluminumyear. a ton of aluminum requires e megawatt hours of electricity.
list at least four sources of growth in the economy along with two examples of each source. explain what it contains
Second Degree Price Discrimination
Determine that in equilibrium there exists a unique and the steady state and the transitional dynamics are like those of the AK model.
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