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To obtain some limited price data, choose any city-pair and two competing airlines. A network and low-cost-carrier make an interesting comparison, but any airlines of interest are acceptable. For each airline, obtain the 4 prices for a typical round-trip itinerary with bookings 1 day in advance, and then for 1, 2 and 4 weeks in advance of the departure date. Itineraries with closer departure dates are more likely to be purchased by business travelers. Leisure travelers, on the other hand, usually book well in advance of the travel date. To isolate the effects of advance purchase, the itineraries should depart and return the same days of the week at approximately the same times of day. Try to avoid the influence of holidays or other seasonal effects on demand. Use the airlines' websites for all fare information. In a short paper, first explain the theory of 3rd degree price discrimination as it applies to the airline industry including a graphical model. Explain how and why airlines would choose to practice price discrimination. Next, discuss your research methodology including the choice of airlines, the itinerary, and source data. Then, present the data. A simple table may be the best method for showing the itineraries and fares. Finally, discuss whether the data provide evidence of price discrimination. Draw appropriate conclusions.
Evaluate the forecast error measures and residuals to determine if the error is acceptable or has systematic variation. Write conclusion relative to the acceptability of the forecast.
question 1. a. using the data from table calculate the elasticity of demand and elasticity of supply at each price
Suppose the Demand for baseballs is given by Q = 240 – 8P. What is the price elasticity of demand when P = 6? At what price will Total Revenue be maximized?
majuli the island country produces only lobsters and crabs. the following table gives the prices and quantities in
Low income housing or subsidized housing in urban economics and the paper must be atleastten pages long
European markets for DVDs There are several markets in which a "hardware-software" linkage is important. This difficulty examines supply and demand forces for an emerging market,
Y is a normal good
The substitution bias in the customer price index refers to the:
Which of the following arguments strengthen the idea of floating exchange rates? Trade deficits can be corrected through changes in exchange rates.
Show through a diagram, an example where a second tax in a market with substitutes may increase efficiency. Argue through words why this is an intuitive result.
potatoes cost janice 0.50 per pound and she has 5.00 that she could possibly spend on potatoes or other items. if she
examine two 2 benefits of using planning techniques-such as writing program flowcharts pseudocode or other
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