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BabaBlast [244]
3 years ago
6

Season tickets to the miami heat games are sold out at $30 a game and some people who wanted to get tickets couldn't buy them. a

s the season progresses, it is clear that the heat will make it to the playoffs. what is the effect on resale price of tickets to miami heat games, assuming resale is legal?
Business
1 answer:
mrs_skeptik [129]3 years ago
3 0
<span>In this closed economy for basketball tickets, we experience a limited, finite supply, and an increasing demand for the tickets as the playoff season approaches. As such, we expect the demand curve to move through reselling until settling at a new equilibrium consisting of a much higher price for the tickets than the original $30 figure.</span>
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Answer: $5,000

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50% of that would be $20,000.

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Now, a current ratio greater than one means that <u>Mister Ribs will be able to pay its current liabilities as they come due in the next year.</u>

However, because the current ratio at any one time is just a snapshot, it is usually not a complete representation of a company’s liquidity or solvency.

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When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
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Monetary policy theory says that when the economy is faced with inflation, the government should
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a. 64.6% and 8.2%

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