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Youngstown-Warren Regional Airport (YNG) had been trying to secure daily service from a major carrier for a number of years. Last year United Airlines announced that they were dropping plans to establish a daily route from Youngstown to Chicago (you can read the story hear if interested: https://goo.gl/vRNn1d). This is despite the fact that the airport was able to guarantee United approximately $1.75 million in annual revenue. Suppose United estimated that their costs to operate daily service from YNG would equal $1 million per year, which would have given them an estimated annual accounting profit from YNG equal to $750,000. Briefly explain why United might not be willing to offer daily service from YNG, even if they knew they would have had a guaranteed profit equal to $750,000.
The firm’s production manager claims that the firm’s average cost of production is minimized at an output of 40 units. Furthermore, she claims that 40 units is the firm’s profit-maximizing level of output.
What kind of shocks could have caused this change to the money demand function? Determine the new interest rate and equilibrium level of output.
I understand the three types of unemployment are: frictional unemployment, seasonal unemployment, and structural unemployment.
Jane has £500 a week to spend on food and clothing. The price of food is £10 and the price of clothing is £25. Which of the following pairs of food and clothing are in Jane's choice set?
Per unit cost is estimated as constant at $1,000.00. Provide a report which explains the profits from a single price profit maximizing strategy with a twopart profit maximizing strategy involving a fixed fee plus a per unit fee. Assume that total ..
List several reasons why GDP should not be considered an indicator of society's wellbeing
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
Which school argued that mixed paper and gold standard should be subject to unbending rules and operate just as a struct gold standard would?
The firm is considering a movement of the plant to Shenzen, China where labour is cheaper. The same mathematical relationship between inputs and outputs will hold.
You expect to receive a payment of $104 one year from one. Your discount rate is 4 percent. What is the present value of the payment to be received? Suppose that the discount rate is 5 percent what is the present value of the payment to be received?
Compare and contrast the behaviour of the indicators for the United States with those for the Australian economy.
Elucidate what would be the budget request for FY13 for this effort.
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