User Account

All Pages

Explain the rationale behind equal prices

Assignment Help Macroeconomics
Reference no: EM13214726

An airline ticket costs the same from Casper, Wyoming, to Denver, Colorado and from Denver to Orlando, Florida. Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand and cost curves. You don't actually have to draw them to answer this question. Just explain in words. OK, you might want to draw them first then explain them.

Reference no: EM13214726

Questions Cloud

What factors led us to believe they had short lifespans : Discuss whether you think that the tradeoffs that parents make in nestling rearing from nest placement to fledging directly correlate to the type of mating system they participate in?
How to prepare a balance sheet for morton immediately : Morton Co. paid cash of $ 178,000 to acquire Zink Company's net assets on February 1, 2013. The balance sheet data for the two companies and fair value information for Zink immediately before the business combination were.
What should the government do with the extra money : Suppose the government is running a surplus (rather than a deficit) and aggregate demand is so high that any further increases in spending will cause only inflation, with no increases in production. What should the government do with the extra mon..
Calculate the price elasticity of demand for model t fords : Use this information to calculate the price elasticity of demand for Model T Fords. Use the midpoint formula in your calculation.
Explain the rationale behind equal prices : You don't actually have to draw them to answer this question. Just explain in words. OK, you might want to draw them first then explain them.
Identify at least three benefits afforded to the users : Identify the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Make at least two (2) recommendations for improving the accuracy and reliability of the information in the gaps
Birds pictured lead to similarities and differences : What factors of the environment and/or biology of the birds pictured lead to similarities/ differences?
Explain the rationale for this practice : Many automotive dealerships, such as BMW, sell low mileage late model used cars, with warranties on defects and repairs that offer more coverage for longer periods of time than the warranties on their brand new cars. Explain the rationale for this..
What about developing countries that have horrid air quality : How can we curb emissions without, at least less, hurting our economy? How can we get other countries to curb their emissions as much as we do? What about developing countries that have horrid air quality, but can't afford to do much about it?

Reviews

Write a Review

Macroeconomics Questions & Answers

  How does the private investment change

Since the US gov't was running a budget deficit at the time, assume that the war was financed by gov't borrowing. How does the equilibrium interest rate and private investment change in response to gov't expenditure on the war?

  Scenario of fed plans to achieve objectives

What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?

  Equilibrium condition-effect on level of equilibrium

Suppose the level of autonomous expendi­ture, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?

  Open-economy macroeconomics

Identify trends or other patterns in inflation within the an economy of your choice over the last five years using quarterly data from the Central Bank or other Government based Statistical agency websites as a source.

  Utilize these determinants in judging either demand

Utilize these determinants in judging either demand for every of the following products is elastic or inelastic.

  How automakers have increased their output ever faster

At the same time, Chinese consumers' incomes have risen. Assume that cars are a norma good. Use a diagram of the supply and demand curves for cars in china to explain what has happened in the Chinese car market.

  What is the justification for a subsidy program

Show that it is also possible that the government can give the consumer a cash grant of less than $100 (thus lowering the cost to the government) and the individual will be no worse off than under the food stamp program.

  Find the annual percentage rate

Find the solution using the mathematical equivalence formulae (such as F=P(1+i)n), substitute and solve (with your calculator - not with the tables) for the final answer? Solve by using the proper equivalence expressions (such as F = P(F/P, i, n))..

  Elucidate what should the us congress federal reserve do

Elucidate what should the US Congress also the Federal Reserve do about it?

  Illustrate what do you think will occur to the price

illustrate what do you think will occur to the price of marijuana if its purchase and sale are legalized. Be specific as to changes in the supply and demand curves.

  Effect on aggregate demand and gdp

The necessary change in taxes and government spending and the effect on aggregate demand, GDP, and employment.

  Determin marginal rate

Rita has well-behaved preferences over steak and fries. at her current consumption bundle of 3 steaks and 10 fries, her marginal rate of substitution between steak and fries is 1/2 (in absolute value). if you offered to take away one fry and give ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd