All categories

2 years ago

Help with Economics Unit 2 Portfolio?

1 answer:

7 0

1. Why are sports teams considering switching to a variable-pricing strategy for tickets?

Answer: The sports teams consider switching to variable pricing strategy since this strategy was proven to be effective by the application of other industries

 2. How will the change in prices affect demand for each product?

Answer: The change in prices is indirectly proportional to the demand for each product. Since the decrease in price increases the demand for the product.

You might be interested in

Ben is exhausting his money income consuming products A and B in such quantities that MUa/Pa = 6 and MUb/Pb = 4. Ben should purc

yaroslaw [1]

Answer:

Option (a) is correct.

Explanation:

Given the marginal utility per dollar for the two products as follows:

$\frac{MU_{a} }{P_{a} } =6$

$\frac{MU_{b} }{P_{b} } =4$

All the individuals wants to maximize their utility that is obtained from the consumption of goods. We can see that marginal utility per dollar of product A is higher than the marginal utility per dollar of product B which means that this consumer should purchase more quantity of product A and less quantity of product B.

It is going on until the point at which marginal utility per dollar of both the products becomes equal.

6 0

2 years ago

Holly's is currently an all-equity firm that has 12,000 shares of stock outstanding at a market price of $36 a share. The firm h

vagabundo [1.1K]

Answer:

$31,104

Explanation:

EBIT / 12,000

= [EBIT - ($120,000 × .072)] / [12,000 - ($120,000 / $36)]

EBIT = $31,104

Therefore the minimum level of earnings before interest and taxes that the firm is expecting will be $31,104

8 0

3 years ago

What happens when you move a section header

german

Nothing really just the header moves where ever you move it to lol

5 0

3 years ago

Read 2 more answers

Suppose Musashi and Rina are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix

natulia [17]

Answer:

a) Dominant strategy is for Rina to choose Right.

b) Musashi chooses left and Rina chooses right

Explanation:

As per the data given in the question,

a).

A winning strategy is the tactic a player selects regardless of the tactic other player selects.

When Rina selects left, Musashi selects right because (7>4)

When Rina selects right, Musashi selects left because (6>4)

When Musashi selects left, Rina selects right because (6>1)

When Musashi selects left, Rina selects right because (7>6)

So only dominant strategy is for Rina to choose Right

In a Nash equilibrium, the players decide their strategies taking in consideration other strategy.

Hence, Musashi chooses left and Rina chooses right, (payoff: 6,1)

4 0

3 years ago

Suppose that, during 2012, nominal GDP was $10,082 billion. During 2012, the value of the Consumer Price Index was 177.1 (using

erma4kov [3.2K]

Answer:

5,692.83 3.

Explanation:

($10,082 billion/177.1) x 100 = 5,692.83

Remember the real GDP takes into account the value of the total number of goods and services produced by a country in a given year, while taking the effect of inflation into account.

Because of inflation the consumer price index data is used in the calculation to find the change or deflation that has occurred.

5 0

3 years ago

Read 2 more answers