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In late 1991 two firms, Delta Airlines and the TRump shuttle, provided air shuttle service between New York and Boston of Washington. The one-way price charged by both firms was $142 on weekdays and $92 on weekends, with lower off-peak advance purchase fares. In September 1991 delta increased the per trip shuttle mileage given to member of the delta frequent-flier program from 1,000 to 2,000 miles, even though actual mileage from New York to either Boston of Washington is about 200 miles. Moreover, delta also offered an extra 1,000 miles to frequent fliers who made a round trip on the same day, raising a possible day's total to 5,000 miles. Almost simultaneously, Trump changed the frequent-flier mileage it gave to shuttle passengers. (It participated in the One Pass frequent-flier program with Continental Airlines and some foreign carriers.) What sorts of changes do you think Trump made? Why?
Assume that the demand for iron (the primary component of steel) is Q = P^(-a)? , where the exogenous parameter a>0 takes some fixed value. For all parts assume that the iron market is in equilibrium. Find the inverse demand curve for iron. Does the ..
The report on the mini literature review (3 journal articles) will be assessed on how well the journal articles are integrated, analysed, discussed and leading to the research questions_that you will use in the interview. A literature review is n..
part a instructions read the case study the case of the unequal opportunity by m. c. gentile 1991 julyaugust harvard
q1. if the demand curve is qp 20-2p and the marginal cost is constant at 8 what is the profit maximizing monopoly
Crew Brew of Wisconsin plans to build a microbrewery on a small stream in that state. After sampling water from the stream, Chris Pierson has found that it is contaminated with pulp and paper waste from a local paper mill.
What curve would be shifted (demand or supply) and in what direction (left or right) if there was a decrease in the tax rate or interest income from 20% to 15%?
Describe the difference between average revenue and marginal revenue. Why are both of thes revenues measures important to a profit maximizing firm?
discuss the one presented in the Bruntland Commission Report
Illustrate what do they mean efficienty level of output. If the government were to build the bridge, what price should it charge.
A decade ago Mirk Labs incurred $60 million in research and development coss for Zatab. Current production costs for Zatab are constant and equal to %5 per unit what whole sale price will Mirk Labs set.
Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. Illustrate what is Ingrid's 2003 salary in 1974 dollars.
Assume Microsoft chooses to produce 80 million copies of the software per year and sells copies of the software to retailers at $199 per copy.
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