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Higher unemployment caused by the ression and higher prices have contributed to a substantial reduction during 2008 in the number of vehicles on roads, bridges, and in tunnels. According to The Wall Street Journal (April 28,2009). the reduction in demand for toll bridge and tunnel crossing created a serious revenue problem for many cities. In New York, the number of vehicles traveling across bridges and through tunnels fell from 23.6 million in January 2008 to 21.9 million in January 2009. "That drop presents a challenge, because road tolls subsidized MTA subways, which are more likely to be used as people get out of their cars." In an apparent attempt to raise toll revenue, the MTA increased tolls by 10 percent on the nine crossing it controls.a. Is MTA a monopolist in New York City? Do you think MTA possesses a high degree of market power?b. If the marginal cost of letting another vehicle cross a bridge or travel through a tunnel is nearly zero, how should the MTA set tolls in order to maximize profit? In order to maximize toll revenue? How are these two objectives related?c. With the decrease in demand for bridge and tunnel crossing, what is the optimal way to adjust tolls: raise tolls, lower tolls. or leave tolls unchanged? Explain carefully.
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
In providing assistance to the states like Washington has in the past attached strings which have dictated state legislation.
For ever of the situations, decide whether Al has increasing, constant, or diminishing marginal utility.
Office building maintenance makes call for the stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology.
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
By how much will each firm reduce its SO2 output? Which firm will buy permits, which firm will sell them, and how many permits will be exchanged?
Calculate the appreciation or depreciation of the US dollar relative to the Japanese yen.
If the needs return on the stock is 13 percent, what is the present share price.
Illustrate what fiscal policy or policies would be the best to get it out of the recession
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
When an employee walks away from work with a box of pens that belong to their employer;
Describe what your chosen state can do to increase the supply of nurses. Include at least one appropriately cited and documented quotation to support a point.
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