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Air Travels Rising Jet Fuel Prices
Rising jet fuel prices recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:
1. The demand for air travel.2. The demand for hotels.3. The demand for rental cars.4. The supply of overnight mail.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Show that, with a linear demand curve, the imposition of a per-unit tax on a monopoly will cause price to rise by less than the tax. Would this be true for a constant elasticity demand curve?
Explain how would you assess the overall financial health of your organization. What are good and bad signs, if any, in your outlook.
Compute the value of the price index for GDP for 2006 using 2005 as the base year. By what percent did prices increase.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
Elucidate is the fiscal policy expansionary or contractionary.
Compute total revenue at each and every price for this demand curve.
What are primarily intended to address the problem of insuring people who do not have health insurance? Would a public national health insurance system reduce total spending on health care in our economy?
Calculate the arc price elasticity of demand over this price and consumption quantity range.
An essay on Market imperfection associated with negative externalities.
Suppose that all other banks hold only the required amount of reserves. If Nan Bank Inc. decides to reduce its reserves to only the required amount, by how much would the economy's money supply increase?
Elucidate assumption concerning economies of scale will give rise to a determinant and optimal scale of the firm in Long run equilibrium in perfect competetion.
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