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The Sydney transportation co. operates an urban bus system in New South Wales, Australia. Economics analysis performed by the firm indicates that two major factors influence the demand for its services: fare levels and downtown parking rates.. Table 1 presents information available from 2005 operations. Forecasts of future fares and hourly parking rates are presented in table2. TABLE1 Average daily transit riders (2005) Average downtown round-trip fare Parking rate 5,000 $1.00 $1.50 TABLE2 Years Round-trip fare Average parking rates 2006 $1.00 $2.50 2007 $1.25 $2.50 Sydney's economics supplied the following information so that the firm can estimate ridership. Based on past experience, the coefficient of cross elasticity between bus ridership and downtown parking rates is estimated at 0.2, given a fare of $1.00 per round trip. This is not expected to change for fare increase to $1.25.the price elasticity of demand is currently estimated at -1.1, given hourly parking rates of $1.50. It is estimated, however, that the price elasticity will change to -1.2 when parking rates increase to $2.50.using these data, estimate the average daily ridership for 2006 and 2007.
What are the benefits and disadvantages of a private-label brand vs. a national-manufacturer brand? Consider this from both the retailer's and customer's viewpoints.
write a 1750 to 2450 word paper in which you decide whether to purchase a house.discuss which principles of economics
Research on stages of business development and incorporate your findings in a three to four page paper. Include examples of organizations that fit into each stage.
The President of US is suggesting increased spending for a missile defense system and also proposing a major long term tax cut. Provide some predictions of possible outcomes for the federal budget categories,
Monica and her father own one of the three automobile tire stores in the city. No other city is nearby. They want do develop a strategy increase sales and market share in their city. What steps can they take?
suppose that the economy is currently at potential output. also suppose that you are an economic policy maker and that
in the textbook there are two circular flow diagrams one that represents the flows in the macro-economy as a closed
hat kind of demand does walmart's products have? Does it vary by season? What market segment does Walmart target?
My professor requests the following: "When answering the questions, you must emphasize the line of reasoning that generated your results. It is not enough to list the results of your analysis, include correctly labeled diagrams while explaining..
aggregate demand involves the purchasing actions taken by consumers businesses governments and the spending by u.s. and
What is the consumption function and how is it related to the Marginal Propensity to Consume? 2. What is the multiplier? 3. What determines the position of the Long Run Aggregate Supply curve? 4. What is a supply shock? Give several examples.
Given the optimal order quantity calculated above, if the average inventory is 136 cartons, then the monthly holding cost is ____ dollars, and the total cost including the cost of supply or the total unit cost for all units, holding and ordering i..
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