Explain rationale behind equal prices for unequal distance

Assignment Help Business Economics
Reference no: EM13157686

An airline ticket costs the same from Casper, Wyoming to Denver, Colorado, and from Denver to Orlando, Florida. Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.

Reference no: EM13157686

Questions Cloud

What percetage of architects have z scores above given value : Suppose the score of architects on a partecular creativity test are normally distributed. What percetage of architects have a Z scores (A) above .10.
Stereotypical view of plantation life : The Passing of Grandison" is a satire that presents a romanticized view of slavery and a stereotypical view of plantation life only to expose them as false in the end when an uneducated black slave outwits his wealthy white owner.
Compute the standard enthalpy of the reaction : Sunlight causes the following reaction to take place in the atmosphere: NO2(g) NO(g) + O(g). Calculate the standard enthalpy of the reaction from the following information and from additional information in Appendix 2A
Traditional method of using a plantwide overhead cost rate : What is activity-based costing, and why is this approach to cost assignments superior to the traditional method of using a plantwide overhead cost rate? Does activity-based costing necessarily result in lower product costs? Defend your answer.
Explain rationale behind equal prices for unequal distance : An airline ticket costs the same from Casper, Wyoming to Denver, Colorado, and from Denver to Orlando, Florida. Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and..
Multiple choice question on civil forfeiture laws : multiple choice question:-Civil forfeiture laws allow law enforcement to seize property in the absence of a criminal charge or the establishment of guilt if police believe they find any evidence of a drug-related crime.
Compute the average price indexes for january 2010 : What should be the amount of her quarterly deposits in actual dollars? Support your answer with all necessary steps
Highlighting strengths and weaknesses of legal system : Visit any district court in your neighborhood and give your observations and your opinions of these observations, highlighting the strengths and weaknesses of the legal system.
Determine if the firm''s mix of inputs is optimal : Determine if the firm's mix of inputs is optimal. Explain. If your answer to "b" is no, what should the firm do to improve its performance? Explain.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Individual buying a car would prefer a free gps

Elucidate how an individual buying a car would prefer a free GPS system to a free leather seat upgrade.

  Deposit money today in an account

If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money.

  Discuss equations for and graph the variable cost

Discuss equations for and graph the variable cost, average variable cost, and marginal cost of cleaning classrooms.

  Illustrate james opportunity cost of producing chickens

Illustrate what is James' opportunity cost of producing chickens. Which person has an absolute advantage in which activities.

  How the liquidity effect has diminished over time

rises over longer periods. Another research paper verifies these results, but shows how the liquidity effect has diminished over time.

  Elucidate how advertising can be employed to allow tots-r-us

Elucidate how advertising can be employed to allow Tots-R-Us to keep cost above average cost with encouraging entry.

  Consumption function

what is the consumption function b. what is the equation of the AE curve c. calculate equilibrium expenditure

  Actual rate of unemployment relative to the natural rate

Illustrate what does a contraction Gap imply about the actual rate of unemployment relative to the natural rate

  Much consumer surplus would be created by randomly

Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.

  What would be better brewery location for minimizing annual

For se shipment patterns, what would be better brewery location for minimizing annual transportation costs to warehouses.

  Find out a product and describe its price elasticity

Find out a product and describe its price elasticity and income elasticity. How much control might an organization have over pricing based on a product's elasticity.

  Produce a recreational commodity

A Los Angeles firm uses a single input to produce a recreational commodity

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