If the Slamdunkers can sell 5000 season tickets for $100 and 6000 season tickets only by lowering the price (for all purchasers) to $80, our best estimate of the marginal revenue from sale of the 550th season ticket is
A) $100.
B) $90.
C) $80.
D) -$20.
D
You might also like to view...
A debit entry in the balance of payments system could be from which of the following?
A) a payment from abroad received by a domestic resident. B) a payment made while abroad by a domestic resident. C) a decrease in the current account deficit. D) an increase to the capital account surplus.
If an excise tax is placed on a product that has a price elasticity of demand equal to zero, then the
a. entire tax will be paid by the consumer b. entire tax will be paid by the producer c. consumer and producer will each pay a share of the tax d. incidence of the tax cannot be determined unless we know the coefficient of price elasticity of supply e. tax is progressive
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.
Suppose that increases in government expenditures and large budget deficits are projected for the next decade. If strong growth is observed during this decade, this would be most consistent with