Question
In: Economics
3 Subsidies for Stadiums Suppose Quebec is a city without a NHL team but they want...
3 Subsidies for Stadiums Suppose Quebec is a city without a NHL team but they want one. Demand for a hockey game in Quebec is given by: P(Qq) = 90 − 2Qq Where Qq is in thousands of fans. Phoenix currently has a team (Coyotes), but is seeking subsidies to build a new stadium. Demand for hockey in Phoenix is: P(Qp) = 70 − Qp where Qp is in thousands of fans. The marginal cost of a ticket in both cities MC = 10. For all numerical answers, you can answer in thousands of dollars or dollars.
3.2 Subsidies Now assume subsidies are allowed.
b What is the highest subsidy that the city of Phoenix would offer the owners to stay?
c What is the lowest subsidy the owners would accept to stay?
d Would the team move to Quebec?
e How much is the winning subsidy?
f What is per game profit+subsidy for the team?
g What is per game consumer surplus
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
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You want to open Louie’s place, a restaurant in Quebec City. You
plan to run the restaurant for two years and then retire. Start-up
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fixtures, and the point-of-sales system), to be incurred
immediately, are $500,000. Assume that all of the assets are in
Class 8 and depreciated at 20%. The assets can be sold for $360,000
after two years. The restaurant will be open for 300 nights per
year and you expect 100...
You want to open Louie’s place, a restaurant in Quebec City. You plan to run the...
You want to open Louie’s place, a restaurant in Quebec
City. You plan to run the restaurant for two years and
then retire. Start-up costs (kitchen equipment and supplies,
renovations, furniture, fixtures, and the point-of-sales system),
to be incurred immediately, are $500,000. Assume that all of
the assets are in Class 8 and depreciated at 20%. The assets
can be sold for $360,000 after two years. The restaurant will be
open for 300 nights per year and you expect 100...
We want to design a rectangular box without a lid with a volume of 64000 cm^3....
We want to design a rectangular box without a lid with a volume
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Using Lagrange Multipliers
Can you explain your reasoning pls
Suppose we want to choose 6 letters, without replacement, from 14 distinct letters. (a) How many...
Suppose we want to choose 6 letters, without replacement, from
14 distinct letters.
(a)
How many ways can this be done,
if the order of the choices is not relevant?
(b)
How many ways can this be done,
if the order of the choices is relevant?
UESTION 3 and QUESTION 4: Context Suppose you are part of the analytics team for the...
UESTION 3 and QUESTION 4: Context
Suppose you are part of the analytics team for the online
retailer Macha Bucks which sells two types of tea to its online
visitors: Rouge Roma (RR) and Emerald Earl (EE). Everyday
approximately 10,000 people visit the site over a 24 hour period.
For simplicity suppose we consider the “buy one or don’t buy”
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Question 3 A. Suppose that you are an employer and want to hire people for two...
Question 3
A. Suppose that you are an employer and want to hire people for
two positions. These positions pay different amounts and require
different levels of skill or dedication. If you know that taking
rigorous classes in college is a measure of how skilled or
dedicated one is how can you use this information to design a
mechanism to get the “right” people to the “right” job?
B. Building off of A, suppose the cost of a hard class...
Question 3 A. Suppose that you are an employer and want to hire people for two...
Question 3
A. Suppose that you are an employer and want to
hire people for two positions. These positions pay different
amounts and require different levels of skill or dedication. If you
know that taking rigorous classes in college is a measure of how
skilled or dedicated one is how can you use this information to
design a mechanism to get the “right” people to the “right”
job?
B. Building off of A, suppose the cost of a
hard class...
Suppose you want to form words with 3 letters and all letters in the alphabet can...
Suppose you want to form words with 3 letters and all letters
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have if repetition is not permitted and ordering is relevant; how
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ordering...
3. Suppose we want to find the 2nd largest and 2nd smallest elements simultaneously for an...
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array A[1:n]. Compare the following strategies in terms of their
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loops idea for minimum and maximum. Strategy 2: Run mergesort to
sort the numbers in ascending or descending order, then output the
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