When the economy is at the point of full employment is the, Ask an Expert

Economics

Q1. Suppose the stadium capability is 5000. If the Mudhens' management wanted a full house for the game, it would Price per Ticket Quantity Demanded

$13 1,000
11 2,000
9 3,000
7 4,000
5 5,000
3 6,000

set price so as to maximize its total income. Encourage scalpers to sell their tickets for more than $7.

Set ticket prices at $5.

Set ticket prices at $9.

Q2. When the Economy is at the point of Full Employment, is the Unemployment Rate zero percent? Explicate why?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9163666

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