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Consider the following two excerpts from articles in the Wall Street Journal: (From Feb. 2003) An attempt by major airlines to raise fares $20 per roundtrip ticket fell apart over the weekend as Northwest Airlines, the fourth largest carrier, refused to go along … By yesterday morning, all airlines had rolled back prices. (From Aug. 2003) Northwest Airlines triggered a major round of discounting last week when it launched a fare sale for late summer and early fall travel – setting off a chain reaction in the industry. During the course of one day, airlines cut fares on nearly 35,881 routes. (a) Briefly explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most resemble?
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
Compute equilibrium price also quantity. Illustrate what would have occured if price had remained the same
Supply curve is given by L = 20w. What equilibrium wage rate and quantity is of labour hired. What is economic rent earned by workers.
Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
A residential rental property is acquired during the first month of the taxable year, at a total cost (including transaction costs) of $1,200,000.
Illustrate what is the fed funds rate in the banking system. Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
Will market of demand and supply for labour with no government interference lead to an efficient outcome? Will your program affect it? Why or why not. How well do you think a voluntary contribution scheme [paid for by companies] would work in fun..
Determine what are some of the philosophies that influenced Latin America? In what way did they impact the cultures of Latin America?
What are some of the other key roles in the Planning Process.
What is his budget constraint in terms of Consumption and Hours Worked. Draw his budget constraint on diagram. Now draw several indifference curves and indicate utility maximizing level of Hours worked and Consumption.
For depreciation purposes, the purchase cost of the warehouse is divided into $100,000 in land also $400,000 in building. The building is a CCA Class 1 asset also is depreciated accordingly.
What are some methods for improving the financing of the U.S. health care system. Are these methods realistic and achievable? Justify your answer with solid reasoning and appropriate references.
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