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Suppose the short-run elasticity of demand for commuter rail ( over a moth period) is .60 and the long run elasticity over a two year period is 1.60 . The current ridership is 100,000 people per day. Suppose the transit authority decides to increase its fares from 2.00 to 2.20. a. predict the changes in train ridership over a one month period ( the short run) and a two year period the long (Long run)
B) over the one month period, will total fare revenue increase or decrease? what about the two year period? show total revenue and provide an explanation and analysis.
the case for regional integration is both economic and political. the case for integration is typically not accepted
a company makes widgets and has a fixed cost of 45000 per month and a variable cost of 45 per widget. if the selling
The demand and supply functions of two goods are Qd1 = 82 - 3P1 + P2, Qs1 = -5 + 15P1 -How these goods are related to each other
Question # 1Consider a two-period mine (periods 0 and 1) industry that is owned by a monopoly firm. Let interest rates, demand, extraction costs, and initial stock be give by: r = 5%, P(Qt) = 100 Qt/2, MC = $50/barrel, S0 = 150 barrel. (4+5+6 points)..
Write the economic analysis section of a business proposal. This will include statements about the market structure and the elasticity of demand for the good or service
grow fertilizers company purchases a gravity settling tank of the 30000 purchase price. the company finances 30 of the
relate to economic concepts
What should be the new wage level in the tourism industry? Examine the impacts of this buyer's tax on the equilibrium rental prices, consumer surplus, producer surplus, and total surplus (or social welfare).
a family decides to save for the college education of their kindegradener starting with her 6th birthday. they would
a manufacturing company is thinking of launching a new product. the company expects to sell 950000 of the new product
CFO of a company claims that their annual revenue, Rev, (in $1,000) over time grows according to the following model: Revt = Rev0 (1 + g)t, She used the revenue data from the last 10 years and estimated the model as ln Rˆevt = 5.521 + 0.03t- Deter..
But in the off-season, when the kids are back at school, one can find rooms for as little as $60 a night. Assume the average fixed cost of a room per night, including local government rates, insurance, taxes and depreciation, is $75.
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