Why wouldcost of suvs lower than equilibrium cost

Assignment Help Business Economics
Reference no: EM1367379

Q. Gasoline costs above $3 per gallon have affected Illustrate what Enterprise Rental Car Company can charge of various model of rental cars. SUVs are $37 with one-day return and subcompacts are $41 with one-day return. Why would equilibrium cost of SUVs such as Ford Explorers and Chevy Trailblazers be lower than equilibrium cost of subcompacts?

Reference no: EM1367379

Questions Cloud

Illustrate what can you say about cost elasticity of demand : illustrate what can you say about cost elasticity of demand for DVD players. Will cost reduction necessarily lead to an increase in profits for DVD player manufactures.
The absolute and relative sizes of the public debt : Explain How do economists distinguish between the absolute and relative sizes of the public debt? Why is the distinction important?
Invoke method to tell air conditioner on or not : Suppose there is a reference variable myAC to object of this class, which has already been created. Using reference variable, invoke method to tell air conditioner object to turn on.
Income-elasticity of demand coefficient : Use the arc-approximation formula to calculate the price-elasticity of demand coefficient of a firm's product demand between the (quantity,price) points of (50, $10) and (54, $8).
Why wouldcost of suvs lower than equilibrium cost : Why would equilibrium cost of SUVs such as Ford Explorers and Chevy Trailblazers be lower than equilibrium cost of subcompacts.
Determine the value of the computer in the gdp : The given table lists the stages needed in the production of a personal computer. Determine the value of the computer in the GDP?
What is the potential difference that stopped electron : A spherical shell 28 in diameter carries a total charge of 81 distributed uniformly over its surface. A 4 point charge is located at the center of the shell. What is the electric field strength 8 from the center.
Barriers or challenges to research utilization : Describe some of the barriers or challenges to research utilization that exists in your work setting or practice.
Shifts in demand curve : What are some of the ways these curves shift and what is the corresponding change to the point of equilibrium?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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