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a limo company specializes in transporting people to and from the airport. It competes with local taxi and public transporation as well as people deciding to drive their own cars. The demand for the firms services has been increasing as more consumers use the services due to higher parking rates at the airport and increase in gasoline prices and rates for drivers have increased costs for the firm. What would happen to the demand curve if the major taxi companies lowered their prices?
Describe the difference between a monopoly and an oligopoly, and a cartel and provide an example of the monopoly, an oligopoly, and a cartel and write down the welfare effects of monopolies and oligopolies.
Suppose you have three indivisible assets, A, B and C with internal rates of return 2%, 5% and 10% respectively and initial costs of $1, $4, $5. Suppose you have $6.5 at 1% and can borrow at 8%. What is the incremental cost of funds on asset B?
How much will Jacob earn? What proportion of his annual salary will be economic rent? Why won't the advertising company for which Jacobs works be able to earn an economic profit?
How much can he withdraw at the end of each month to have the fund last 20 years? How many years will the fund last if he withdraws $100,000 up front for a vacation condominium and then withdraws $2,000 at the end of each month.
Represents the potential outcomes of your first salary negotiation after graduation and does the ability to move first give the employer an advantage?
Ulrick and Birger started an air taxi service in Berlin, Germany, under the name Berlinair, Inc. Biger was approached by a group of travel agents who were interested in hiring an air charter business to take German tourists on vacation. Birger for..
You need to analyze for a hypothetical example whether John Deere should use Technology 1 (Own Production), Technology 2 (Versatile), or whether it should stop producing four-wheel-drive tractors based on the quantity the company predicts it woul..
I believe that fast food restaurants show short run production function because of the one fixed input, capital. But, I need to elaborate more and produce the production function equation Q=F (L,K,M...) Can you please help?
In the short run, a firm operating in a competitive industry will shut down if price is less than average total cost, less than average variable cost.
Find the expected value of X. Show your work and find the variance of X. Show your work and calculate the cumulative distribution function
why Banks are exposed to interest rate risk primarily. what does the Federal funds market involves.
Suppose that in response to a foreign crisis, the goverment increases defenst spending to $50 billion. How would the increase in defense spending affect the economy How would the effects differ depending on the size and sign of the output gap when..
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