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1. Metro Airlines runs 10 flights per day at a total cost of $50,000, which includes $30,000 in fixed costs for airport fees, airplanes, and the reservation system and $20,000 invariable costs for flight crews, fuel, baggage handlers, and food service. If an 11th flight would have 25 passengers, each paying $100, would it make economic sense to offer the flight? If a 12th flight only drew 15 passengers, would it make sense to offer it? Discuss and show your math.
2. Critical Thinking: Although still not yet fully implemented Congress passed a bill creating national health care system, called the Affordable Care Act, also called Obama-care. In what ways do the principles of economics relate to this decision? Describe how each relates and what issues we must consider.
Calculate the growth rate of nominal GDP between 2011 and 2012? e) Determine the growth rate of real GDP between 2011 and 2012?
Under what circumstance would you be no worse off if the company paid you cash instead of providing a car.
What would be additional effects follow from this initial effect. What is the total effect of the tax cut on aggregate demand.
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
q1. write a 1050- to 1250-word report in apa format advising the president of rodamia making recommendations for
Illustrate what is the legal distinction between selling a product and licensing it. Many of the provisions in the UCITA were first proposed as a modification to Article 2 of the UCC. Why do you think the drafters decided to propose it as a separa..
Compute the MRS of other goods for airline miles; i.e., the MRS that represents the slope of the indifference curves when x1 is on the horizontal and x2 is on the vertical axis.
Suppose that expectation of reducing housing values cause households to decrease their demand for new houses and the financing that accompanies it.
In the specific-factors model, an increase in the price of the manufactured good will cause:
Write a 700- to 1,050-word paper describing how ethical principles can be used to address organizational issues. Include the link to the film you select. Include the following:
q1. illustrate what are the basic steps in solving for walras equilibrium with two consumers and two commodities given
Annual savings due to energy efficiency thermo well have a most likely value of $30,000. The most optimistic value is $40,000 with a probability of 0.2 and a most pessimistic value of $20,000 at 0.3. The First Cost is $150,000, the interest rate 10%,..
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