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Question: In the early part of the twentieth century, it was cheaper to travel by rail from New York to San Francisco than it was to travel from New York to Denver, even though the train to San Francisco would stop in Denver on the way.
a. Denver is a city in the mountains. Suggest alternate ways to get there from New York without taking the train.
b. San Francisco is a city on the Pacific Ocean. Suggest alternate ways to get there from New York without taking the train.
c. Why was San Francisco cheaper?
d. How is this story similar to the one told in this chapter about prices for flights from Washington, D.C., to either Dallas or San Francisco?
To examine the implications of selecting various discount rates, reconsider the water filtration system example in the text but change the dis- count rate from 10 percent to 5 percent. Find the present value of the system.
Product Differentiation Search your local newspaper for local clothing stores ads. You should find at least two different ads. Describe how the advertisements.
Pete's a kid and his weekly allowance is $10. He spends his entire allowance between gummi bears and chocolate. A price of a pound of gummi bears.
Suppose the Federal Reserve adopts a tight money policy to slow the economy down because of its concern about potentially rising inflation.
Provide a brief rationale for the campaign being delivered through social media. Explain how the campaign might promote existing policy, influence development of new policy, or modify existing policy.
Analyze the elasticity of demand for products within the selected industry relevant to Katrina's Candies. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential.
Shutdown decision of the food manufacturer The production function of a typical food manufacturer has been estimated to be.
Craft Unions Both industrial and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
Paper must demonstrate a comprehension of the issue based on facts, not opinion. Facts may be from the course or other stated references.
Two alternative investment proposals are under consideration for a vacant owner by Urban Development Corporation.
Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months, ____.
"Output per worker is expected to increase by 10 percent during the next year. Therefore, wages can also increase by 10 percent with no harmful effects on employment, output prices, or employer profits." Analyze this statement.
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