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a franchise of rental car agencies in Florida. You recently read a report indicating that about 80 percent of all tourists visit Florida during the winder months in any given year, and that 60 percent of all tourists traveling to Florida by air rent automobiles. Travelers not planning ahead often have great difficulty finding rental cars due to high demand. however, during nonwinter months tourism drops dramatically and travelers hav eno problem securing rental car reservations. Determine the optimal pricing strategy, and explain why it is the best pricing strategy.
What is the real wage as determined by the price-setting equation and what is the natural rate of unemployment?
a. If Blutarsky only cares about the total amount of alcohol in his basket, what is his marginal rate of substitution of bottles of vodka for six? packs of beer? b. Write out a utility function to represent these preferences.
How would you account for the great divergence that is acceleration of economic development in the West in 19th century while much of the rest of world remained characterized through low rates of economic growth?
Assume if the objective is to increase total income, should the price be increased or decreased. Explain.
The Bretton Woods system and institutions setup after World War II and the U.S. dollar as a reserve currency
Most of the critics argue that America has too many elections, a surplus of elected officials, and unwieldy layers of government.
Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP
Assume banks install ATM on every block and, through making cash readily available, decrease the value of money people want to hold.
The Fed should simply raise the money supply at same rate that full employment economy increase, and the government should desist from any stabilizing urges.
The good people at Cooper Bank are looking at five mutually exclusive alternatives that have a ten-year life and no salvage value. Due to intellectual property concerns, they can only invest in one project. Park Bank uses a MARR of 9%. Which one..
What must the CFO expect about the Australian Dollar/US$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the Australian CD's?
Research and explain the terms below and summarize how each belongs to health care. Students should research the definitions of following economic terms: economics, macroeconomics, supply, demand, microeconomics.
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