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Advanced Aviation Economics
Question 1.
Explain the theory and practice of 3rd degree price discrimination in the airline industry.
Question 2
Is airline price discrimination just unfair or are there benefits to both business and leisure passengers?
Question 3
Why would a network carrier, such as American Airlines, provide service to a small city that an archetypical low-cost-carrier would not?
Question 4
Most airline routes in the US, Europe, and increasingly worldwide, are intensely competitive, yet most are oligopolies. What model of oligopoly is consistent with the price competition typical of the airline industry? Explain.
Question 5
Define and discuss the major types of air cargo (characterized by the motivation of the shipper or the reason for using air freight instead of some form of ground transportation).
Why is the unrestricted entry of new firms to all markets necessary to assure the efficient allocation of resources in the long run?
Construct a graph showing supply and demand in the electronic dog feeder market - How are the laws of supply and demand illustrated in this graph? Explain your answers.
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The index number representing the price level changes from 100 to 105 in one year, and then from 105 to 110 the next year. Since the index number increases by 5 each year, is 5 the inflation rate each year? Is the inflation rate the same each ye..
Why does taxing a product lead to deadweight loss? Use an appropriate graph to explain why the deadweight loss is greater the more elastic the demand for a product.
a pharmaceutical company tested two new flu vaccines intended to boost immunity. in order to test the effectiveness of
Explain in your own words what you believe are the four most significant characteristics of high-performing project teams. Discuss why you believe each characteristic you chose is so critical
The Fed wants to increase the money supply (which is currently 4,000) by 200. The money multiplier is 3. For each 1 percentage point the discount rate falls, banks borrow an additional 20.
Why would nations favor fixed vs. floating exchange rates for their currencies? Why do some developing nations have a "fear of the float"
what happens in the market for oil and what happens in the market for sports utility vehicles as a result of the war.
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