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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?
During the month, there are 26 workdays. The company has 15 workers.
Consider an economy where there are N consumers, each of them having one unit of available time.
How does this policy involve the supply and demand for loan able funds. What occurs to the equilibrium interest rate.
Elucidate what type of returns to scale does this technology represent.
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
Discuss some of the methodological and measurement problems one might encounter in using time-series data to estimate the parameters of this model.
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
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