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Wkly. output Apple Airlines(A) Big Bird(B) Chancy Airlines, ltd.(C) 1 $40 $20 $50 2 30 25 40 3 25 30 45 4 35 35 55 5 50 40 65 6 60 50 75
The current fare market price of $45 can't be raised. Thus P=MR=$45
I have to a) Compute current industry output and the market share of each airline and b) Compute industry output if the introduction of a high speed passenger train forces airline industry prices down to $35.
Determine what is Risky Behavior Amoung Youths in Behavioral Economics and explain how does it affect the economy?
For each policy or event given below, please indicate if it will increase (+), decrease (-), or it is uncertain (+/-) how it will affect the economic variable on right-hand side.
QopyQat specializes in printing business cards and resumes, using latest laser technology. After examine the business, manager has decided that weekly demand can be approximated;
Woodland Instruments, Company operates in highly competitive electronics industry. Prices for its R2-D2 control switches are stable at $100 each.
The following is a hypothetical short run production function calculate the total output when two hours of labor are employed?
A company has a technology described through the production function, Calculate the quantity of labor demanded by the firm and cost minimizing K/L ratio.
Determine what is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
How does capital investment affect the marginal physical product of labor and does more college education have the same kind of effect also which is a better investment
College A is planning outsourcing their groundskeeping. They have been given a bid from Groundskeeper Willie for $250,000 a year, with the claim that he will keep school grounds in the same condition they are in now.
In most restaurants, waiters receive a big portion of their compensation through tips from customers. Generally, the size of the tip is decided by the customer. However, many restaurants require a 15 percent tip for parties of eight or more.
The Zinger Corporation manufactures and sells a line of sewing machines. Demand per period for a particular model is given by the following relationship:
Coca-Cola and PepsiCo are leading competitors in market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in lemon lime soft drink market and ranks fourth among all soft drinks worldwide.
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