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You are a member of the Metropolitan Taxi Commission, which sets taxi fares for your city. You have been told that long lines of taxis form at the airport during off peak hours. At peak hours, on the other hand, few taxis are available and long lines of passengers waiting for cabs. It is proposed that taxi fares from the airport to downtown be cut by 10 percent during off peak hours and increased by 10 percent during peak hours. How do you think these changes would affect the queuing patterns of taxis and passengers? Do you think the proposal is a good one from the passengers' point of view? From the cabbies' point of view? From the standpoint of economic efficiency? What do think if the taxi commission stopped setting fares altogether and allowed passengers and drivers to negotiate any price they wanted.
Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.
Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs.
Illustrate what happens to the natural rate of unemployment and potential GDP if cyclical unemployment.
Elucidate the impact of the global financial crisis of 2008-2009 on the economies of industrialised countries and emerging markets. What effect do problems like these have on attitudes towards free trade.
Show the effect that reducing protection on imports will have on factor prices. Show the effect of reducing protection will have on factor prices.
Assume that the total cost function for a single firm in a purely competitive industry is given by following equation:
Consider a product with a supply function Q 1 = β 0 + β 1 + u 1, a demand function Q d i =y 0 +u i d . Show that P i and u s d are correlated.
Among which of these methods of encouraging growth would you suggest to a newly industrialized economy.
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
state history of the airline industry, plus an industry overview, and a SWOTT analysis of the airline industry. Please include references.
Assume a merger of company would simultaneously lessen competition and reduce unit costs through economies of scale.
Give an personal example of a reverse logistics system you have experienced as a consumer. Were you satisfied with cycle time of process and what steps did the company take to guarantee your satisfaction.
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