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Q. Assume that there are 2 segments to the marketplace for rental cars. The demand for rental cars by business travelers is Qb = 35 - 0.25P also the demand for rental cars by vacation travelers is Qv = 120 -1.5P. (As (most of the time) in class, rental cars should be treated as perfectly divisible. For example, one might have 3.25 cars.)
Graph the marketplace demand curve. Be sure to provide numerical coordinates for any particularly key point(s) on this demand curve. Assume that the current price is P = $40. Illustrate what is consumer surplus?
Should Roscoe's Rascals match the price offered by the competitor.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
The congestion fee was raised to £8 in July 2005. Illustrate the new equilibrium point on your graph also assuming new charge is now optimally set.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Choose whether to hire a new person in the marketing department or upgrade your computer system.
You find out which your aunt works for a defense manufacturing company which has several defense contracts with the government.
Consider a couple's decision about how many children to have.Assume that over a lifetime a couple has 200000 hours of time either work or raise children.The wage is RM10 per hour.Raising a child takes 20000 hours of time.
What is the new equilibrium price and output in the short run for both the industry and each firm.
Use EViews to get the correct critical t values for constructing the interval.
These options also sell for $3 each. Strategy C is to establish a zero-cost collar by writing the January calls and buying the January puts.
Explain how does the existence of money reduce the costs of making transactions relative to a society based entirely on barter.
You believe that there is an equally likely chance that this information will either double expected chances of finding a well, or inform you for certain that the area is not commercial.
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