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A network carrier serves some small cities close to its hub with regional jets which have much higher seat-mile-costs (CASM) than larger mainline jets. The average fare from these cities to the hub does not cover fully allocated costs. Is this rationale?
suppose a country that did not trade with the united states opened its boarders and purchased 100000000 worth of goods.
Economists who align more with the "Classical" school would have a "leave it alone" (Laissez Faire) attitude and would oppose active policymaking. "Rational Expectations Theory" (a "new classical approach") suggests that people figure out what wil..
Movie theaters often offer decreased rates for children under ten. This suggests that tht demand for adult admission is
consider the following information regarding a monopolist price 20 unit sales 200000 units fixed costs 1000000
Compute the price elasticity of demand for paint and show your calculations. Decide whether the demand for paint is elastic, unitary elastic, or inelastic. Explain your reasoning and interpret your results.
xander harris is considering whether to buy a corn and soybean farm in iowa. the farm will cost 800000 and xander will
If the price of the imported TV sets was $300.00 in the US.At the beginning of the year, how much would you expect the price of the same imported TV to be in the US at the end of the year.
Many states provide firms with an "investment tax credit" that effectively reduces the price of capital. In theory, these credits are designed to stimulate new investment and thus create jobs
Describe the impact of the recent economic crisis in the U.S. on the automobile industry, with special reference to the operating costs and auto sales in the industry.
what do you think the impact on the firm will be of the loss of the ceo under an ethical cloud? what do you think
What is the monopolist's total cost function?
The monopolist charges a single price for output, how much will he produce, what price will he charge, and what profit will he earn?
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