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What is yield management? Why does yield management often result in ticket price increases as one gets closer to the flight date even though the airline runs the risk of some seats going empty?
Explain how political obstacles (lack of skilled officials, instability, corruption, and constaints by special interest groups) and cultural obstacles (cultural attitudes that discourage entrepreneurial activity and and encourage rapid population gro..
Answer this question on the basis of the above demand and cost data for a specific firm. Refer to the above data. If columns 1 and 3 are this firm's demand schedule, the profit-maximizing level of output will be:
The classical dichotomy and the neutrality of money. Which of the following give the nominal value of a variable? Check all that apply. Which of the following give the real value of a variable?
Jen, Eric, and Kurt are all buyers of chain saws. Jen’s demand function is DJ (p) = 520 − 13p, Eric’s demand function is DE(p) = 40 − p, and Kurt’s demand function is DK(p) = 200 − 5p. Together, these three constitute the entire demand for chain saws..
What are the various causes/types of unemployment? What does it mean to be unemployed, i.e. what are the social, economic and political effects of unemployment? Should the government’s number one goal be low unemployment and how do unemployment and i..
If the base year is 2009, then the economy s inflation rate is
suppose the current money supplies $8000 for each of the following situations determine the following the money multiplier the money base and the changing discount rate necessary to achieve the stated desire change in money supply assume that for eve..
Use the dynamics of Aggregate Demand and Aggregate Supply Model: What is the cause of the 2007-09 Great recession? What happened to aggregate demand and aggregate supply model during this crisis? What role did the commercial and investment banks play..
Consider a Cournot duopoly with the inverse demand P= 260-2Q. Firms 1 and 2 compete by simultaneously choosing their quantities. Both firms have constant marginal and average cost MC=AC = 20. Find each firm’s best response function. Find the Cournot-..
Calculate the expected utility of each project according to this criterion. (c) Is this individual risk adverse, risk neutral, or risk seeking?
Please distinguish between the Keynesian and Classical views about the correction of problems that arise from business cycle. Please define spending multiplier. What is its significance in fiscal policy discussion? What is loanable fund market about?..
What is market signaling? What is moral hazard? What is adverse selection?
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