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An aircraft with 100 seats serves passengers through two types of fares: full ($550) and discount ($250). Extra passengers have $50 marginal cost. Demand for discount tickets is unlimited, while demand for full-fare tickets is evenly distributed between 11 and 30 seats. How many seats should be protected for full-fare passengers and not authorized for release to the discounted $250 segment?
Delete these two observations and construct a 95% confidence interval for the mean increase, using the remaining 26 observations. Do the outliers have much of an effect on the confidence interval?
Calculate the ratio of water molecules on the surface to the number in the droplet. Comment on your result. Molecular area of water = 33.5Å2
Jon drops $100 bill. (no one in the economy holds currency). Bank keeps 5% of it's money in reserves. How much money can the bank initially lend out After this initial transaction by how much is the money in the economy changed
On a diagram, draw the marginal cost curves for the two factories, the average and marginal revenue curves, and the total marginal cost curve (i.e., the marginal cost of producing Q = Q1 + Q2). Indicate the profit-maximizing output for each factor..
Public sentiment now changes such that depositors cut their cash holding in half and deposit the other half in time deposit accounts. The reserve requirement on DDs remains 25%, on TDs it remains zero, “m” remains 0, and banks continue to hold no ex..
Show that the expression of the change in a product's currentequilibrium quantitty due to a unit change in the product'sexpected future price is: dQ = (SpDpe - DpSpe)dP / (Sp-Dp) where Sp and Dp are partialderivatives with respect to current price
A firm hires labor in a perfectly competitive labor market. Its current profit-maximizing hourly output is 100 units, which the firm sells at a price of $5 per unit. The marginal physical product of the last unit of labor employed is 5 units per h..
The elimination of patents on breakthrough drugs, so the drugs can be sold at a low cost as soon as they be- come available.
What were the percentage changes in nominal GDP and real GDP for the most recent quarter? What accounts for the difference?
Explain what the data is telling you and explain where this conclusion might lead you as you explore questions in the future.
A. If the interest rate is 35%, what is the maximum you can spend in the current period B. If the interest rate was lower, you probably would be able to spend more than that. What would be the maximum interest rate that would allow you to spend $2..
Find equilibrium income. Show that the government budget deficit (the difference between government spending and tax revenues) is $5 billion.
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