What price would elasticity take to fill all the seats

Assignment Help Econometrics
Reference no: EM13235835

assuming elasticity is linear and a plan flight holds 310 seats a load factor of 70 mean 70% of the seats are filled. a load factor of 72 means 72% of the seats are filled. what price would it take to fill all the seats.

Reference no: EM13235835

Questions Cloud

What is the income elasticity of demand for rainbow sandals : Consider the market for rainbow sandals. Suppose average household income increases from $44,000 per year to $61,000 per year. As a result, the demand for rainbow sandals increases from 427 to 535.
What are the limits to an open communication style : What are the limits to an open communication style when faced with ongoing rounds of downsizing?
Compute the initial percent dissociation of the acidsample : You found that pH=pKa=4.2 when 12.50 mL of NaOH hadbeen added. The concentration of the sodium hydroxide was 0.500M. Calculate the initial percent dissociation of the acidsample.
Earned value problems : During a project, Earned Value Analysis is performed and gives the numbers -  Earned Value Analysis information for a recently closed out project - the project manager to a project which had a one-time cost variance in the past caused by unexpected r..
What price would elasticity take to fill all the seats : assuming elasticity is linear and a plan flight holds 310 seats a load factor of 70 mean 70% of the seats are filled. a load factor of 72 means 72% of the seats are filled. what price would it take to fill all the seats.
State noreaction if no insoluble salt forms : Write the net ionic equation to show the formation of a precipitate (insoluble salt) when the following solutions are mixed. Write noreaction if no insoluble salt forms CaCl2(aq)+Mg3(PO4)2(aq)
Determine how many transfer slips are needed on friday : Each bank teller workstation is forecasted to process 400 transactions (the end-item) on Friday. The bank is open from 9:00 am to 7:00 pm on Friday with 90 minutes for lunch and breaks. Three teller windows are open on Friday
Why is innovative management important : Why is innovative management important and how have Walmart's leaders demonstrated innovation throughout the company's history?
What level strategy is adopted with back orders or stockouts : The forecasted demand for fudge for the next four months is 140, 160, 90, and 70 pounds. What is the recommended production rate if the level strategy is adopted with no back orders or stockouts

Reviews

Write a Review

Econometrics Questions & Answers

  What would the total annual costs be to order the product

Assume the company orders printer paper in truckloads of 10,000 boxes every 3 weeks. They pay $20.00 per unit and it costs $200 to place the physical order. In addition, the cost of capital is 20% per year and the annual holding cost

  Determine is the merger likely to be approved

The banking market in Athens, Ohio, currently has four banks with market shares of 60%, 20%, 15%, and 5%. The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve and the Justice Department.

  Determine if the promise credible or not

Two major networks are competing for viewer ratings in the 8:00-9:00 P.M. and 9:00-10:00 P.M. slots on a given weeknight. Each has two shows to fill this time period and is juggling its lineup. Is this promise credible.

  Calculate net exports

a. Calculate net exports. b. Use the expenditure approach to calculate GDP. c. Use the income approach to calculate GDP. d. Calculate net domestic product (at factor cost). e. Calculate net domestic income (at market price..

  Find the firms profit maximizing price and quantity

The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units. Furthermore, she claims that 40 units is the firm's profit-maximizing level of output. Explain whether these claims are correct.

  Evaluate overall explanatory power of regression model

Evaluate the overall explanatory power of the regression model. Use a 0.05 level of significance. State all your hypotheses and explain your results. Do not use rules of thumb. calculate the F statistic to answer this question.

  What will happen if the mayor sets a price ceiling

Assume the demand function and the supply functions for 24-can beer case in Houston are: Demand: QD = 1,000  50P Demand: QS = 40P + 100 (a) What are the market equilibrium price and quantity for beer case What will happen if the Mayor sets a price ..

  How much can wilma expect to sell her bond for

Wilma bought a 10-year $1000 bond when the interest rate was 5% per year. So her bond would provide her with $50 at the end of each of ten successive years; and the $1000 is also returned at the end of ten years. She has just collected her seventh..

  What could julian have paid for the equipment 8 months ago

For the last 4 months, a contract generated a net $6000 per month. Julian sold the equipment yesterday for $3000 to a friend.For the net cash flows experienced, what could Julian have paid for the equipment 8 months ago to have payback plus a retur..

  Explain how the owner of the baseball is determined

Perry and his friend Doug attended the baseball game in 2004 where Duncan Jones hit 75 home runs, breaking the 2000 record of Mark McGuire. When Duncan hit his record-breaking home run, the ball went into the cheap seats

  Calculate the change in welfare compared to the free market

If the government imposed a minimum wage of w=70, what would be the resulting quantity of labor employed, the wage, and the welfare loss. Also, calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum w..

  What prices should be charged for each kind of membership

Mapleville Tennis & Golf Club offers golf and tennis memberships to the residents of Mapleville. Market research has found there are two types of families living in the city: 120 golf-oriented families and 100 tennis-oriented families.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd