Why the supply curve of the trucking industry is kinked

Assignment Help Business Economics
Reference no: EM132593323

In 1988, Canadian government enacted the "Truck Transportation Act, 1988" which effectively deregulated the trucking industry and lowered the barrier for non-trucking companies to enter the industry. In 1991, Canada suffered an Economic recession. Show in a chart with proper labels, how the supply curve of the Canadian trucking industry reacts to different economic cycles? Please explain why the supply curve of the trucking industry is "kinked".

Reference no: EM132593323

Questions Cloud

Relationship between service improvements and profitability : Why is it difficult for many organizations to understand the relationship between service improvements and profitability?
Find the optimal value of x : Find the optimal value of X Is this a maximum or minimum point? Explain.
Calculate the equilibrium price and quantity of kittens : Suppose the market for kittens adoption centre can be described by the following equations:
External environment of organization : The external environment of an organization comprises of all the entities that exist outside its boundary but have significant influence on its growth
Why the supply curve of the trucking industry is kinked : Show in a chart with proper labels, how the supply curve of the Canadian trucking industry reacts to different economic cycles?
Marketing excellence-bmw case study : Examine and apply the consumer-buying process for BMW. Identify the steps and the application to BMW. How does this process assist the marketing team at BMW?
Compute what will be effect on profit of accepting order : On the other hand, the company in China is willing to pay only $140 per unit. What will be the effect on profit of accepting the order?
What are the optimal l and p : Knoebels Amusement park charges a lump-sum fee, L, to enter its Crystal Pool. It also charges p per trip down the slide on the pool
What is the price if a markup of forty percent : Demand is estimated to be 100,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?

Reviews

Write a Review

Business Economics Questions & Answers

  Determine development needs

What are the learning styles/Modes of learning and how would you use this knowledge, skill, or application in assessing against competency standards

  Visual presentation assignment description

Let's re-think how we can present information. Use Visuals instead of Words - This assignment is inspired by Snapchat.

  What effects does sleep deprivation have on cognition

What effects does sleep deprivation have on cognition? Are people who are sleep-deprived cognitively impaired?

  Equilibrium price-quantity as functions of consumer income

The supply and demand for wheat are given by   QS= 20 + 100p QD = 4000 - 100p +10Y Where Y is the average consumer income. Solve for the equilibrium price and quantity as functions of the consumer income.

  Describe the nature oft eh incentive conflict

Describe the nature oft eh incentive conflict between VCs and the managers, identifying the principal and the agent.

  How does convertible term life insurance

How does convertible term life insurance differ from renewable term life insurance?

  How would you argue that the producers of cheese

How would you argue that the producers of cheese, meat and poultry are perfectly competitive?

  7928IBA Cross-Cultural Management Assignment

7928IBA Cross-Cultural Management Assignment Help and Solution, Griffith University - Assessment Writing Service - CASE STUDY: Trendsetter Company

  Payment history category because of late payment

A score of 898 is the best? (highest) score possible. Thirty-nine percent of the FICO score is based on payment history for credit? cards, car? loans, home? mortgages, and so on. Suppose your current FICO score is 740 and you have just missed a credi..

  Which of the projects if any should be selected

Their costs and benefits are presented in the table below. Each project has a useful life of 50 years and the MARR is 12% per year. Which of the projects, if any, should be selected?

  Which counts in the government spending category

Which counts in the government spending category of GDP?

  Please describe the four growth theories covered

Please describe the four growth theories covered, and for each list at least one implication for development to the extent the theory is correct.  Which model seems most relevant to you and why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd