How the airline will reduce the price of her tickects

Assignment Help Econometrics
Reference no: EM13208265

Anne has a job that requires her to travel three out of every four weeks. She has an annual travel budget and can travel either by train or by plane. The airline on which she typically flies das a frequent-travel program that reduces the cose of her tickets according to the number of miles she has flown in a given year. When she reaches 25,000 miles, the airline will reduce the price of her tickects by 25 percent for the remainder of the year. when she reaches 50,000 miles, the airline will reduce the price by 50 percent for the remainder of ther year. Graph Anne's budget line with train miles on the vertical axis and plan miles on the horizontal axis.

Reference no: EM13208265

Questions Cloud

Define why dont we use tap water tp dissolve the oxalic acid : Tap water contains calcium ions. Why dont we use tap water tp dissolve the oxalic acid? Show a chemical equation to ilustate your answer.
Is antonio worse or better after the price change : Antonio buys five new college textbook during his first year at school at a cost of $80 each used books cost only $50 each. When the bookstore announces that there wukk be a 10 % increase in the price of new books.
Compute the concentration of a standard solution : how to calculate the concentration of a standard solution and the concentration of KMnO4 the mass of sodium oxalate used was 0.8367g and then it was diluted down with 50ml water, and 20ml H2SO4 then 25 ml of that solution
Which value of border-collapse will give each cell : Which value of border-collapse will give each cell of a table a border that can be specified independently of adjacent cells?
How the airline will reduce the price of her tickects : Anne has a job that requires her to travel three out of every four weeks. She has an annual travel budget and can travel either by train or by plane. The airline on which she typically flies das a frequent-travel program that reduces the cose of h..
Design a program that ask for the price of each item : Design a program that ask for the price of each item, and then displays the subtotal of the sale, the amount of sales tax and the total. Assume the sales tax is 6 percent. Need help with this question.
Explain hexane has a negligible absorbance : Hexane has a negligible absorbance above 200nm. S sample of Hexane containing 20.0 mg/L of an aromatic compound (MW=114.3 as impurity had an absorbance value of 0.351 at 254 nm in a 2.00 cm pathlength cuvet
Plan the logic for a program for the sales manger : plan the logic for a program for the sales manger of the couch potato furniture company. The manger needs a program to determine the profit on any item sold. Input includes the wholesale price and retail price for an item.
Write a program that implements binary search first using : To understand the value of recursion in a programming language write a program that implements binary search first using recursion and without recursion.

Reviews

Write a Review

Econometrics Questions & Answers

  Can you determine about consumer demand for your product

The price elasticity of demand is -2.0 The income elasticity of demand is 1.5. The cross- price elasticity of demand between your good and related goods is - 35 What can you determine about consumer demand for your product from this information

  What is the companys fixed cost

How many units should be produced to maximize profit? How do this company's marginal costs behave as output increases? Provide a logical explanation as to why a computer manufacturer's marginal costs might behave in this way.

  How much surplus do producers receive

The supply curve for product X is given by QXS = -340 + 10PX . a. Find the inverse supply curve. P = + Q b. How much surplus do producers receive when Qx = 350? When Qx = 1,000?

  What is the marginal product of fishing for hour spent

In order to determine whether time is being spent optimally, a commercial fisherman has recorded the following information over the past year: "hours spent fishing" and "quantity of fish caught." What is the marginal product of fishing for hour sp..

  What are the highest and lowest payments from the writer

What are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for the sixth day Assuming that the farmer can dispose of the $7 from the writer as she wishes, what range of payments will the beekeeper accept

  How much will the profit or loss be

Refer to the above data. If the product price is $25 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss How much will the profit or loss be How much will the profit or loss be

  What is the likely post-merger bargaining outcome

Two equal-sized newspapers have overlap circulation of 10% (10% of the subscribers subscribe to both newspapers). Advertisers are willing to pay $10 to advertise in one newspaper but only $19 to advertise in both, because they're unwilling to pay ..

  What was the percentage of gross fiscal deficit in 2010

The Economic Survey estimated the Forex reserves of India at over 297 billion US dollars. The surge in Forex is attributed to growth in which of the following sector Gross Fiscal Deficit stands at 4.8% of GDP. What was the percentage of Gross Fisc..

  What is the difference in the profit-maximizing price

Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2. If MC is..

  How much is the quarterly deposit

A mining firm must deposit funds in a "reclimation" account each quarter. The account must have $25 million on deposit when a project reaches its horizon in 10 years. The account pays interest at a rate of 2% percent per quarter. How much is the q..

  Determine how much the consumption of the good

Suppose the own rice elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is -6. Determine how much the consumption of this good will cha..

  Construct the relative frequency distribution of median

The cross-tabulation below classifies US states by median household income and by household Gini coefficient (a measure of income inequality). Use the cross-tabulation to answer the questions that follow.

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!

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