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Southern Airways, a small regional airline, has a daily late evening flight into Atlanta. The plane must be in Atlanta at 8:00 am each morning for a flight into Richmond, Virgina. Unfortunately, the charge for a plane remaining overnight in Atlanta is $500. One alternative is to schedule a 9:00 pm flight to Gainesville, Florida (a one hour trip), and a 6:00 am flight back to Atlanta. There is no chage for an overnight stay in Gainsville. However, the flights to and from Gainesville will only average only about ten passengers each at a one-way fare of 50. The operating cost of the plane is 600 per hour. The company's total fixed costs (which are unaffected by the decision to be made here) are allocated to each flight at the rate of $300 per hour. Should the plane stay in Atlanta overnight, or should flights to and from Gainesville be schedules. PLEASE EXPLAIN YOUR DECISION.
Illustrate what government body makes fiscal decisions. Policy makers for national fiscal policies. Explain the effects of fiscal policies.
Two consumers Jorge and Admen, together own 1,000 baseball cards and 5,000 Pokémon cards.
Suppose that MC=4q, where MC is marginal cost. The perfectly competitive firm maximizes profits by producing 10 units of out output. At what price does it sell these units.
This means that there is a bigger shortage or excess demand than there otherwise would be. Illustrate what is your view of the law forbidding the sale of human organs.
q. after technological change has taken place in each nation the following table now applies in the absence of
Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level.
Illustrate what do economists mean when they say that private goods tend to be produced in the right amounts.
q.a consumer is in equilibrium at point a in the accompanying figure. the price of good x is 5.a. illustrate what is
US imports oil at the world price, $55 per barrel. The domestic supply curve in barrels per day is S = 2500000 + 250000P with P in dollars. Domestic demand curve is D = 70,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate h..
The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. Elucidate deadweight loss from the tax.
q.ceo of the cola king bottling company is hero nakamura it is a small regional producer operating in the pacific
A charitable university benefactor has decided to donate a large amount of money for student scholarships.
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