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Unlike train and bus travel, there are no discount for students or retired people for airline tickets.
Why airline companies do not give discount to students? As a student with low income, what are your strategies to find the cheapest ticket based on the principles of price discrimination?
Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price? Discuss both mor..
Suppose that people derive utility from two goods---housing (H) and all other consumption goods(C). Show a typical consumer's allocation of his or her income between H and C.
Discuss how Macy's department store could improve its net profit position? Discuss the specific factors in cost of goods sold that would improve the gross margin position of the department store in sales. What other programs besides JDA planning are ..
Assume that you have a box with an equal number of $4, $6, $8 chips. Find the population mean and the standard deviation. Taking samples of size n = 2, find the mean of the sample means and the standard deviation of the sample means. Explain the rela..
A company uses 20 work units and 30 units of capital to produce 4,000 units of product. In this combination the marginal product of labor is 50 and the marginal product of capital is 40. The price of labor is $ 30 and the price of capital is $ 20. to..
Suppose a protective tariff on shirts is initiated in Country X, which had been importing them from Country Y. Among the following groups, who gains an who loses (short term)?
All else the same, if a bank has more rate-sensitive liabilities than assets, then a(n) _____ in interest rates will _____ bank profits.
Let’s say the current administration decides to make a college education more affordable, so they establish a price ceiling of $50 per credit hour for community colleges, $75 per credit hour for four year institutions, and $100 per credit hour for gr..
The Federal Reserve chooses how much banks lend. The Federal Reserve serves as a lender of last resort. The federal reserve loans money to banks.
Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.
An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a down payment and the balance paid in 48 equal monthly payments with interest at 1% per month. The payments are due at the end of each month. Comp..
Which good is likely to have more elastic demand: soda or new cars? Explain your answer, also assume that all brands of each good experience a price change.
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