Met world series ticket prices spike after nlcs win now that the new york mets are in baseball's world series for the first time in 15 years, fans who don't have a ticket will pay a hefty $1,667.82 to get one. that's the average asking price for a resold ticket, which is the highest since world series price-tracking started in 2010. source: cnbc, october 22, 2015 why is a $1,667.82 ticket price similar to "price gouging"? is the high price an example of the market price method of allocating scarce resources? is the market for tickets efficient? is it fair?

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

If delta airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by southwest airlines, this would be an example ofanswers: explicit collusion. tacit collusion. competitive dynamics. a harvest strategy.

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u. s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u. s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u. s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600