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Assume that the price of a ride on the Southeast Pennsylvania Transit Authority (SEPTA) is $2 and that 1 million people ride SEPTA each day. To help balance a budget shortfall, SEPTA raises its price by 50¢ per ride. The first day of the tax, ridership falls to 800,000. (Hint: In what follows, use the arc-elasticity formula.)
a. As of the first day of the new price, has the policy increased SEPTA revenue?
Imagine that you are a financial manager researching investments for your client that align with its investment goals. Use the Internet or the Strayer Library to research any U.S. publicly traded company that you may consider as an investment oppo..
A 34% efficient nuclear power plant outputs 1000MW per year. Calculate how much money is needed to buy fuel for the lifetime of the plant, 30 years. The fuel contains 7% of uranium, and 0.003g is lost when 235g of pure uranium is consumed. The plant ..
What are the possible sources of ingredients information? Describe how each of the sources will help you in getting the needed information for project ingredients.
A perfectly competitive tomato industry is in long-run equilibrium. Now suppose that some consumers are getting sick by eating tomatoes that contain salmonella. Describe how this change will affect short-run economic profits. What will happen to the ..
The inverse demand function for grapes is described by the equation p = 518 - 5q, where p is the price in dollars per crate and q is the number of crates of grapes demanded per week. When p = $38 per crate, what is the price elasticity of demand for ..
What is your profit-maximizing price if you control 5 percent of the market? What is your profit- maximizing price if you control 15 percent of the market?
He hires an economist who assesses the shape of the bagel shop's average total cost (ATC) curve as a function of the number of bagels produced.
Find the probability that the student is taking calculus, given that he or she is on the dean's list. Please round the answer 2 or 3 decimal places.
(Population growth and technology growth) Consider an economy that is described by the production function Y= K^1/2 (LE)^1/ 2. Moreover the depreciation rate of capital is (delta) o = 0.15, the population growth rate is n = 0.05 and the technology gr..
q.consider a mutual fund with 720 million in assets at the start of the year and with 10 million shares outstanding.
Assume Harrison, Carla and Fred have only paintbrushes at their disposal. Illustrate what is the average labor productivity, in terms of square feet per painter-hour, for the three painters taken as a team.
How much profit can the monopolist generate with first-degree price discrimination if resale can be prevented? What is the associated deadweight loss.
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