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Q1. How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies
Q2. Explain how to find a MRS for three goods. please see this question Consider the Cobb-Douglas utility function U = U(X,Y,Z) for the case of three goods X,Y and Z defined by U = (X,Y,Z)=(X^1/3).(Y^1/3).(Z^1/3)
What are the marginal utilities and marginal rates of substitution for this utility function?
Assume a one-time decrease in population, possibly caused by an onset of disease or a sudden out-migration.
In your opinion should our government impose price floors and/or price ceilings in our economy.
What is the opportunity cost of Josephine's trip to the wedding
The narrator is consumed by the idea that human begings do not actually have free will. How is his free curtailed on the nadir, and how does he fight back.
A county is considering using a piece of park land for one of two alternative recreation projects.
Suppose that only data on in action were published but not on claims for unemployment. What would be a reaction of the USD/EUR in that case.
Dependency theory characterizes countries as being either in the center or on the periphery
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
Show how each of the following would initially affect a bank's assets and liabilities.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
Compare the sum of consumer and producer surplus for the monopoly with the results for perfect competition.
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