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Question: Some years ago, two intercity bus companies, Greyhound Lines, Inc. and Trailways Transportation System, wanted to merge. One possible definition of the market in this case was "the market for intercity bus service." Another possible definition was "the market for intercity transportation, including personal cars, car rentals, passenger trains, and commuter air flights." Which definition do you think the bus companies preferred, and why?
How responsive to demand is each in the market period and describe what a manufacturer of each product might do in the short run to increase production.
In the following question, all dollar values are expressed in thousands of dollars. Suppose that the total city-wide demand function for private school seats Q is given by: Q(p) = 24710 - 2500p
An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock, and what type of fiscal policies would help move the e..
Would you expect the price elasticity of demand to be higher at the level of an individual school (e.g., Baker) or at the aggregate level
Discuss the potential risks of using Web 2.0 tools. Provide several examples. What are the benefits of "build-to order" to buyers and sellers? Are there any disadvantages?
Suppose both supply and demand decrease. What effect will this have on price and the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit
Do online research into the U.S. Small Business Administration (SBA) government agency and their three different loan programs that are designed to cover a wide array of businesses and their particular needs.
What is the slope of the budget line in the two-period model? Consequently, what happen to the price of orange juice? What is opportunity cost of increasing C1?
What are some things that would affect changes in supply? Discuss at least two factors and how can quantity demanded be changed?
suppose that two players are playing the following game.nbsp player 1 can choose either top or bottom and player 2 can
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Discuss all of the Pros and Cons of making the decision to buy a new car and we require to consider about macro & microeconomics and any other psychological, sociological or business concepts that may affect the decision.
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