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As a transit planner, your job is to predict ridership and total fare revenue. Suppose that short-run elasticity of demand for commuter rail (over a one-month period) is 0.60, and the long-run elasticity (over a two-year period) is 1.60. The current ridership is 100,000 people per day. Suppose that the transit authority decides to increase its fares 10% from $2.00 to $2.20.
i critically analyze the short-term and long-term effects of a large budget deficit and public national debt. in your
assume the demand curve faced by a monopolist is given by the following tableprice demand total revenue marginal
what is meant by inflation? write down the causes of inflation? is inflation desirable and what can be done to control
1. Understanding the challenges of maintaining growth as a diversified user in an Information Technology environment. 2. Recognizing how the businesses of many firms interact with diversity in the IT
Future economic glowth
Having a little trouble setting this problem up. Would appreciate the detailed set up and solution. A production function has 2 inputs - labor and capital. Both are perfect substitutes. Existing technology permits 1 machine to do work of 3 workers..
(a) Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller Why (b) How does a two-part tariff differ from bundling
Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. In a paragraph, what are the efficiency and equity effects of introducing a voucher system likely to differ across these two..
What type of externalities arise from driving automobiles fueled by gasoline and what is your view on whether the United States should raise the gas tax to the European level and why?
What fraction of its oil consumption does it have to import and is it strange that even though the country is a net importer of petroleum, it exports some petroleum too?
1. apply the appropriate exponential smoothing model to create fit estimates of the monthly data below.nbsp tell me why
some economist believe that the 2008 economic recession and financial crisis was caused by a perfect storm. explain
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