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Q. At drive-through counter of a fast-food outlet, an average of 10 cars waits in line. Manager wants to determine if length of line is having any impact on potential sales. Her study reveals that, on average, 6 cars per minute enter parking lot and look at length of line in drive-through area. Of se 6 cars per minute, on average 25% of drivers decide that line is too long and leave without getting into line. Assume that no car that actually chooses to enter line leaves without service.
Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
If interest rates could be deducted from income, would an investor change his/her decision based on question 1.
Illustrate what is the quantity of burgers demanded in equilibrium.
Calculate the deadweight loss from the tax. Elucidate the tax be defensible in spite of the deadweight loss.
Wilpen plans to charge a wholesale price of $1.65 per can. As the average value of tennis racket is $110, and average household income of consumer is $24,600.
Illustrate what problems would occur if the managers of each division were given incentives to maximize each division's profit separately.
Elucidate what the Justice Department argued that the merger would lessen competition and raise prices of business software. Is there an economic argument that the merger might actually result in lower prices.
Illustrate what is the present worth of the planned expenditures at an interest rate of 10% every year
illustrate what will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources.
Chrysler announced a new incentive program on its minivans that included subsidized interest rates also cash allowances.
Illustrate what is the elasticity of demand if you raise the price of your airline's tickets by 6% also the number of tickets sold decreases.
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