Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
From 1989 to 1991 the Trump Shuttle and the Pan Am Shuttle battled for market share on the Boston/New York and Washington DC/New York routes. In addition to service quality and dependability (claimed or real), the airlines competed over price via periodic fare changes. The hypothetical payoff table below lists each airline's estimated profit (expressed on a per-seat basis) for various combinations of one-way fares.
Trump Shuttle Fares
Pan Am Shuttle Fares
$139
$119
$99
$34, $38
$42, $20
$35, $7
$15, $42
$22, $22
$27, $9
$6, $32
$10, $25
$18, $16
a. Suppose that the two airlines will select their fares independently and "once and for all." (The airline's fare cannot be changed.) What fares should the airlines set?
b. Suppose instead that the airlines will set fares over the next 18 months. In any month, each airline is free to change its fare if it wishes. What pattern of fares would you predict for the airlines over the 18 months?
Explain how the income tax distorts the choice between work and leisure and results in an excess burden. Does a consumption tax also distort this choice? Explain why or why not
Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college
Put aggregate supply (AS) and aggregate demand (AD) together to get to equilibrium output (GDP) and price level (CPI). Calculate and graph what happens to government (G), AD, GDP, and Prices if the government increases government spending by 100 bill..
Why did some regimes collapse during the "Arab Spring" while others were able to suppress revolutionary movements?
The city council of a small college town decides to regulate rents in order to reduce student living expenses. Suppose the annual market clearing rent for a two bedroom apartment has been $700 per month and that rents were expected to increase to $90..
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?
A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $800,000 per month. For this situation, determine the optimal monthly sales volume for this product..
Describe three types of physician remuneration schemes and comment on physician incentives under each scheme. For each scheme, summarize the evidence regarding physician behaviour.
xplains with aid of a diagram, effect that such legislation will have/has had on equilibrium price and quantity of labour employed. Also illustrate what can be done to alleviate/remedy any problem that may rise from above laws.
Which of the following arguments do you support? Why? low voter turnout is not an indicator of trouble, as it signifies satisfaction with the status quo
If fixed costs increase to $1200, what will happen to equilibrium price and quantity.
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd