User Account

All Pages

Explain rationale behind equal prices for unequal distances

Assignment Help Microeconomics
Reference no: EM13175628 , Length: 1089 words

An airline ticket costs the same from Casper, Wyoming to Denver, Colorado, and from Denver to Orlando, Florida. Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.

Reference no: EM13175628

Questions Cloud

Describe negative incentives as penalties : Michelle spends her weekly income of $50 on two goods: cans of hairspray and bottles of nail polish. The price of a can of hairspray is $5 and the price of a bottle of nail polish is $4. If the price of a bottle of nail polish falls to $3:b. the o..
Explain make synthetic rubber and latex paints : Butadiene, C4H6(used to make synthetic rubber and latex paints) dimerizes to C8H12 with a rate law of rate=0.038L/(mol*s)[C4H6]^2. What will be the concentration of C4H6 after 2.0 hours if the initial concentration is 0.044M?
Define what is the value of k at degrees c : The activation energy for the following first-order reaction is 318 kJ/mol. N2O5(g)-->2NO2(g)+(1/2) O2(g). The value of the rate constant (k) is 6.65x10^-5 s^-1 at 84 degrees C. What is the value of k at 49 degrees C. (R=8.314 J/mol K)?
Define the vapor pressure of pure benzene : A solution is 89.8% by volume benzene(C6H6) in carbon tetrachloride at 20 degrees C. The vapor pressure of pure benzene at this temperature is 74.61 mmHg and it's density is 0.87865 g/cm^3;
Explain rationale behind equal prices for unequal distances : Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.
Compute the molar mass of the solute : A solution that contains 87.2g of an unknown compound in 392.4g of water freezes at -8.00 degrees C. Calculate the molar mass(in units of g/mol) of the solute. Kf of water is 1.86 degrees C/m.
Major economic concepts for right decision making : With an unprofitable rural hospital that was offered a contract at a lower price, what are major economic concepts that are important in making the right decision?
Define what is the vapor pressure : The molar enthalpy of vaporization of boron tribromide is 30.5 kJ/mol, and it's normal boiling point is 91degrees C. What is the vapor pressure of BBr3 at 34 degrees C.
What are addictive substances : Sixteen states sue the major tobacco companies for billions of dollars because of tobacco-related costs in their Medicaid programs. Medical evidence that more than two cups of coffee a day (Considered by many to be a substitute for smoking) greatl..

Reviews

Write a Review

Microeconomics Questions & Answers

  Current market conditions paper

Analyze the current market conditions of the Home Depot. Include the history of the Home Depot, the market in which it operates role of government regulations of firm and any issues that the Home Depot faces.

  Portion of the marginal cost curve

Suppose labor costs are 17.5 percent of revenue per vehicle for General Motors. In union negotiations during the late 1990s, GM attempted to cut its workforce to rise productivity.

  Develop production from the opportunity

Demonstrate that the expression on the right in fact represents the sum of the series on the left, Draw an appropriate cash flow diagram and indicate the formulas and factors used to evaluate the cash flow diagram

  Price discrimination in various products

Airline fares are bigger in summer than in winter. Some railroads charge lower fares during week than on weekends. Electric firms charge customers lower rates the more electricity they use.

  Explain math and science tutoring services

If the Online Tutoring decides to sell its tutoring services individually, what should it charge for math tutoring? What should it charge for science tutoring?

  What happens to the afc per paper

what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs?

  How does heckscher-ohlin theory differ from ricardian theory

How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns and the theory demonstrates how trade affects the distribution of income within trading partners. Explain.

  Socialist economic organization

When do assumptions create in conjunction with economic theorizing have to become realistic? Can unrealistic assumptions provide useful outcomes?

  Present values of interest rates for different years

suppose the market interest rate is 10 percent. Would you be willing to lend $10,000 if you were guaranteed to receive $1,000 at the end of each of the next 12 years plus a $5,000 payment 15 years from now? Why or Why not?

  What was the economic benefit to park visitors

Does the quantity of trash increase or decrease the willingness to pay for an additional trip?

  Three stages of production

Rcognize the three phases of production and describe why the firm short run production has only one rational stage of production.

  At what level of output is profit maximized

Elasticity of demand for each of the following showing all calculations and

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd