User Account

All Pages

Increase or decrease in the price of bus tickets

Assignment Help Business Management
Reference no: EM131234736

You are responsible for running the Speedy Bus Company and have information about the elasticity of demand for bus travel: The own-price elasticity is -1.4 at the current price. A friend who works in the competing railway company also tells you that she has estimated the cross-price elasticity of train-travel demand with respect to the price of bus travel to be 1.7.

  1. As an economic analyst, would you advocate an increase or decrease in the price of bus tickets if you wished to increase revenue for Speedy?
  2. Would your price decision have any impact on train ridership?

Reference no: EM131234736

Questions Cloud

Who has the most scripturally correct theory of government : You will prepare your Research Paper on the topic "Hobbes, Locke, and Rousseau: Who Has the Most Scripturally Correct Theory of Government?"
Find the resonant frequency of the cavity for the tm10 mode : If the microstrip patches described above are arrayed as a 100 × 100 array of patches, calculate the gain of the array and the maximum power density at a distance of 10 km
Discuss one recent price change of a product : Discuss one (1) recent price change of a product (or service) youwere in the market to buy. Did you buy the product at the new price (?) and, if so, did the new price alter how much you purchased?
Find the q and the 3 db bandwidth of the cavity : For the patch antenna described above, assume that the maximum electric field in the substrate is 9 kV/cm. Calculate the maximum radiated power.
Increase or decrease in the price of bus tickets : As an economic analyst, would you advocate an increase or decrease in the price of bus tickets if you wished to increase revenue for Speedy? Would your price decision have any impact on train ridership?
Did you find wilberforce admirable : Define the term. How does he define his sense of morality - does he share the moral values that brought Britain its wealth? Does he pursue conformity, principled positions of action and thought, - or does he operate by reward and punishment.
Calculate the gain of the array and maximum power density : If the microstrip patches described above are arrayed as a 100 × 100 array of patches, calculate the gain of the array and the maximum power density at a distance of 10 km
Would the radio play panic folks enough to make them believe : For your post imagine tuning into the middle of the show and hearing the story unfold. would the radio play panic folks enough to make them believe they were being invaded by 'aliens' from mars?
Main reason for type of price control : Suppose the government imposes a price ceiling for rental apartment s at 70% of the current market price. What is a main reason for this type of price control? Is the Pareto efficiency satisfied at the price ceiling? Explain

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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