Tourism economics relating to passengers load factors

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Reference no: EM138204

Q1. How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies

Q2. Explain how to find a MRS for three goods. please see this question Consider the Cobb-Douglas utility function U = U(X,Y,Z) for the case of three goods X,Y and Z defined by U = (X,Y,Z)=(X^1/3).(Y^1/3).(Z^1/3)

What are the marginal utilities and marginal rates of substitution for this utility function?

Reference no: EM138204

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