The milwaukee brewers are playing their archrival the, Ask an Expert

Economics

The Milwaukee Brewers are playing their archrival the Chicago Cubs. Bleacher tickets for the game were sold out and many fans would have attended if tickets were available.

1. Draw the demand and supply lines for bleacher tickets for this game. Label the equilibrium bleacher price and the current bleacher price. (Hint: You can use the drawing tools in Word to draw a demand and supply line.) Label the equilibrium price and state whether the actual price is above or below equilibrium.

2. Did the Brewers use the optimum pricing policy? Explain. If not, explain.

3. What is the main rationing mechanism to allocate tickets for the game?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708675

Have any Question?Write your Review or question?

Related Questions in Business Economics

Why is the labor demand for an individual firm in a

Why is the labor demand for an individual firm in a competitive industry more elastic than the labor demand for the entire industry?

With its current leverage cow copr will have a net income

With its current leverage, COW COPR will have a net income next year of $7 million. If COW CORP corporate tax rate is 30% and it pays 7% interest on its debt, how much debt can COW CORP issue this year and still receive ...

The government is undertaking expansionary fiscal

The government is undertaking expansionary fiscal policy. Illustrate how this action affects: The AD-AS model. The Phillips curve model. The IS-LM model. How will this change impact on economic activity the price level t ...

For the pastnbsp110nbspyears a certain state

For the past 110 ?years, a certain state suffered 28 direct hits from major? (category 3 to? 5) hurricanes. Assume that this was typical and the number of hits per year follows a Poisson distribution. Complete parts? (a) ...

A group of individuals each face a 1 probability of

A group of individuals each face a 1% probability of suffering a loss of $10,000, a 4% probability of suffering a $1,000 loss, a 20% probability of suffering a $500 loss, and a 75% probability of no loss. What is the act ...

One of the authors received a credit card bill for 3167 and

One of the authors received a credit card bill for 3167 and it included a charge of 1622 that was not valid. Find the values of the absolute amd relative errors.

Under the trade model with external economies of scale is

Under the trade model with external economies of scale, is it possible for a country to be worse off with trade than it would have been without trade? Justify your answer.

In a survey ofnbsp2995nbspadultsnbsp1486nbspsay they have

In a survey of 2995 adults, 1486 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results.

Question 1find the area between -88 standard deviations

Question 1 Find the area between .-88 standard deviations below the mean and 2.35 standard deviations above the mean. '88=.3106 and 2.3=.4906 Both figures are added .3106+.4906= .8012 which is 80.12% Question 2 The area ...

151 153 152 146 148 152 15 152 15 154157 148 154 155 149

15.1 15.3 15.2 14.6 14.8 15.2 15 15.2 15 15.4 15.7 14.8 15.4 15.5 14.9 14.9 14.9 15.3 15.5 15.4 15.1 14.7 15.1 14.6 14.7 15.2 15.4 15.4 14.5 15.5 15.1 14.8 14.9 14.6 14.6 15.4 15 15.3 15.5 14.9 15.2 15.2 15 15.1 14.7 14. ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert