ECON 2P03 Midterm: Test 1 Version 1 Spring 2016 Highlighted Solutions
13 Jun 2016
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The average price of a ticket is . 03 point elasticity of demand is: 20. 0, 138. 9. What is the profit-maximizing (p, q) combination of tickets for the team? (, 40,000: (, 80,000) (, 20,875, (, 19,125) A new owner pays -million to purchase a western new york nfl team that earns operating profits of - million annually. He claims that -million is what he paid for players who he can depreciate using straight-line depreciation in 3 years. If profit taxes are 45%, how much does player depreciation save the owner each year: -million, -million, -million, -thousand. Fox cable sports network airs a weekly nfl show featuring nfl news, highlights and analysis. The nfl show buys commercial advertising time from fox; fox charges the nfl show (nfl for short) based on the league"s demand for advertising minutes. The nfl show then resells the advertising time to companies like nike, under.
