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1. Metro Airlines runs 10 flights per day at a total cost of $50,000, which includes $30,000 in fixed costs for airport fees, airplanes, and the reservation system and $20,000 invariable costs for flight crews, fuel, baggage handlers, and food service. If an 11th flight would have 25 passengers, each paying $100, would it make economic sense to offer the flight? If a 12th flight only drew 15 passengers, would it make sense to offer it? Discuss and show your math.
2. Critical Thinking: Although still not yet fully implemented Congress passed a bill creating national health care system, called the Affordable Care Act, also called Obama-care. In what ways do the principles of economics relate to this decision? Describe how each relates and what issues we must consider.
Suppose the demand and cost function for a monopolistically competitive firm are given by: Q=36-4Q,C(Q)=124-16Q+Q^2. Determine the profit maximizing price and level of output.
Consider the six reform proposals suggested by the authors at the end of this feature. Indicate why you believe each is either a good or a bad idea
analyze the past current and future cost considerations of the company and on the basis of your costs analysis create a
The difference in damages between the two fuels,
What are the profit-maximizing price and quantity and what will be the profits at these price and output levels - what will be the profit-maximizing price, output, and profits? Who bears the burden of the tax? Why?
explain why inflation is a main concern for an economy and examine how well inflation in australia has been managed by
Discuss the implications on the dead weight loss
Econ 301 Assignment, Find at least three other variables that may affect the return of equity of your choice
The following link should take you to an article by Krugman that appeared in The New York Times on September 6. 2009. He contrasts the stark differences between the salt water and fresh water camps of macroeconomists. What does he find to be the k..
complete the supply and demand simulation located on the student website.write 700 - 1050-word paper of no more than
Use this data to estimate the price Elasticity of demand for subway rides
describe two industry average ratios and explain how a companys management might use the information. what factors
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