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An airline ticket costs the same from Casper, Wyoming to Denver, Colorado, and from Denver to Orlando, Florida. Does this make economic sense?
Describe the rationale behind equal prices for unequal distances in air travel using demand, supply and cost curves.
suppose that an oligopolistic is charging 21 per unit of output and selling 31 units each day. what is its daily total
1.using significant five items or artefacts held by the museum of london write a history of the london economy from
a balance of trade trade balance is the difference between the monetary values of exports and imports of a countrys
the interest formula shows how interest rate and time are related. it gives you a way of finding one of these values if
The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero. Why would firm stay in business if it is making zero economic profits
Do you think that NAFTA has forced the US economy to reallocate its resources to more capital intensive goods? If so, what would be the long term impact on economic growth?
A firm is targeting 35,000 net monthly profit servicing 2000 cars. What price should the firm charge to realize the targeted profit.
suppose that the demand curve for apartments near the university is given by p 1000 -q and the supply curve is given by
a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the
discuss the three situational determinants in fiedlers leadership theory that allow a leader to determine the
Assume also that South Africa is a net importer of maize and imports maize mostly from the US. The FOB at US Gulf port is US$350 per tonne (1 tonne =1000 kg). Assume freight, insurance and unloading (FIU) cost at Durban is 150 Rands per tonne.
suppose small country has 20 civilian residents aged at least 16. 4 are retired 4 are students 2 work as clerks the two
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