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The subway fare in your town has just been increased from a current level of 50 cents to $1.00 per ride. As a result, the transit authority notes a decline in ridership of 30 percent. a. Compute the price elasticity of demand for subway rides. b. If the transit authority reduces the fare back to 50 cents, what impact would you expect on the ridership? Why?
The college has annual fixed costs of $10 million, and the variable cost for each additional student is $5,000. To continue operating, the college must receive payments equal to its total costs.
Depreciation taken in the third year if the machine is also sold during the third year.
Air transport for businesspeople and tourists
Find out the probability of a 5%-level test rejecting the null hypothesis when the true mean impurity concentration is 2.10%.
Estimate how companies need to bridge the gap between the current state and the e-business state.
Describe the roles of government bodies which conclude the national fiscal policy
Coke could have followed the price per unit down, but it didn't. Total soft drink demand increased, and Pepsi took a larger share of the demand.
illustrate what is the specific marketplace-failure justification for governing spending on public universities
Define the equilibrium price and quantity.descibe the situation at a price of $10.00.what will occur.
Calculate the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
State Explain how IKEAs expansion has reenergized mature markets around the world also changed the competitive situation.
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