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PCUL 1F92 Lecture Notes - Tegan And Sara, Frankfurt School, F. R. Leavis

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yellowraccoon409

17 Nov 2011

School

Brock University

Department

Popular Culture

Course

Professor

Scott Henderson

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Document Summary

* this class was a continuation of the lecture from thursday october 6, 2011. Everything, including culture, is turned into a saleable commodity. Even our past times are for sale: commodity fetishism influence from marx in reference to. Notion that we get our identity and sense of worth through what we own: exchange value deceptively takes over the functions of use value . What something is worth on the market becomes its value, not what it"s really worth not the heart" of its worth. E. g. hammer monetary value = wood, metal it was made out of, transportation costs. *image of concert tickets the police tickets vs. tegan & sara tickets. We pay for tickets to see the police and to see tegan and sara. We can"t exchange our tickets after the event. Exchange value: what do we actually get with a concert ticket, experience, but nothing of actual physical value.

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Related Questions

The table below shows the marginal valuation which Sally and Tom place on various numbers of Grate Full Dead rock concert tickets

a)Assume that someone has given 5 tickets to Sally and 5 tickets to Tom. If Tom and Sally can exchange (buy and sell) tickets, who would buy tickets from whom?

b) Alternatively, assume that Tom is given 10 tickets and Sally gets none. If they can exchange, what final disposition of tickets do you expect.

Number Of Tickets	1	2	3	4	5	6	7	8	9	10
Marginal Valuation By Sally	60	40	30	25	22	20	18	12	8	6
Marginal Valuation	25	20	18	15	12	10	8	5	3	1

turquoisealligator343

In Rolling Stone magazine, several fans and rock stars, includingPearl Jam, were bemoaning the high price of concert tickets. Onesuperstar argued, "It just isnt worth $75 to see me play. No oneshould have to pay that much to go to a concert." Assume this starsold out arenas around the country at an average ticket price of$75.

question:

Suppose that due to this star's protests, ticket prices werelowered to $50. In what sense is this price too low? Draw a diagramusing supply and demand curves to support your argument.

aquamarinesalmon767

As the manager of a local hotel chain, you have hired an econometrician

to estimate the demand for one of your hotels (H). The estimation has

resulted in the following demand function:

QH = 3,000 â PH â 1.8PC â 2.5PSE + 2.4POH + .01M, where,

PH is the price of a room at your hotel,

PC is the price of concerts in your area,

PSE is the price of sporting events in your area,

POH is the average room price at other hotels in your area,

M is the average income in the United States.

What would be the impact on your firm of each following scenarios?

a. A $4,000 increase in income?

b. A $30 reduction in the price charged by other hotels?

c. A $40 increase in the price of tickets to local sporting events?

d. A $25 increase in the price of concert tickets, accompanied by a $500

decrease in income?