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1. Show the changes in the demand for tourism as income of a tourist grows when tourism is perceived to be, (a)normal good, (b)superior good, and(c) inferior good.
2. Analyse the demand for tourism overtime using intertemporal analysis.
Explain how many seats should be protected for full-fare passengers.
q1. identify the flaw in this analysis the demand for bread will fall if more americans go on a low diet. the cost of
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
The market for hairbrushes is perfectly competitive. Suppose that the new fashions for hair are "buzz cutt" and long and uncimbed. Tell how the market and a typical firm respond in the short and long run to these developments. Use market/firm model a..
There are two types of customers in a market for sheet metal. Let P represent the market price.
Suppose the S&P index is expected to fall by 1 percent over the next month. What is the expected return on PepsiCo's stock?
q.the small city of le locle has been served by the same local newspaper for the last 30 years called the le locle
One criticism of the theory of compensating differentials is that workers who earn high (cash) salaries generally receive better benefits and working conditions than workers who earn low salaries. Does this fact necessarily disprove the theory of com..
What is the relationship between a firm's total revenue, profit, and total cost and define economies of scale and explain why they might arise. Define diseconomies of scale and explain why they might arise.
"An analogy for the national debt and budget deficit would be total amounts owed for student loans after graduating from college versus amount borrowed each year to go to college, respectively" Do you agree with the statement? Why or why not?
What is the equivalent uniform annual cost of one machine in years 1 through 7 at an interest rate of 7% per year?
q1. illustrate what are the implications of savings and population growth at steady a state in the solows neoclassical
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