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Suppose you just returned to Albuquerque from a trip to the United Kingdom. You were really impressed with the rail system but it seemed to be much more expensive than the Rail Runner. As noted above, a Rail Runner ticket is $10 for the approximately 70-mile trip from Albuquerque to Santa Fe. A similar train trip in the UK from London to Cambridge is £23.20. One US dollar currently equals 0.7 British pounds
What is the real difference in the cost of the Rail Runner in the similar trip in the UK using US dollars?
You are to write a paper, convincing the president of the company of your conclusion and explaining what the company's pricing strategy
When Kodak leased large photocopiers to businesses, they also bundled a maintenance contract for periodic repairs. Third-party repair firms claimed that Kodak violated antitrust laws because this bundle guaranteed Kodak a monopoly on repairs and excl..
One day when Gilligan was diving in the lagoon he came across a gigantic oyster. Gilligan loved raw oysters so he pried the mollusk from the rocks and hastily came ashore. When he pried open the oyster he was surprised to find a huge gray pearl. Defi..
How does Ticketmaster's "dynamic pricing" affect ticket sales, total revenue and profit? Does Ticketmaster provide a valuable service, or is it a necessary evil to purchasers of event tickets?
Find the equilibrium price and quantity solving the two equations. Show graphically the demand and supply curve and mark the equilibrium wage on the graph (no graph no points). Suppose the government imposes s minimum wage of $5.50 per hour. What is ..
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
Suppose the government increases lump sum taxes.
Kelli likes to bake cookies and doesn't care whether she uses corn or safflower oil in her recipes. To her, they provide the same function and the same taste in her cakes and cookies. What do Kelli's indifference curves look like for corn oil and saf..
q1. you manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. the
Manufacturers begin building a new plant in Arizona. Which determinant of cumulative demand causes the change.
One British pound exchanges for 1.6 U.S. dollars. One dollar exchanges for 81 Japanese yen, or for 6.2 Swedish krona. What is the exchange rate between the pound and the yen, between the pound and the krona, and between the krona and the yen? Draw a ..
Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build. The engineers argued that Con..
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