Consider the following demand function for airline tickets (quantities are in thousands):
Q = 10 - 0.1px + 0.4py + 0.25pz + 0.005Y, where:
px= price of an airline ticket
Q= quantity demanded
py= price of a bus ticket
pz= price of gasoline
Y= consumer income
* According to the above equation, airline tickets and bus tickets are substitute goods
If in equilibrium, the cross-price elasticity between airline tickets and gasoline is 1.1;
when the price of the gasoline increases by 2%, the quantity demanded of airline tickets increases by %?
Answers: 3
Business, 22.06.2019 14:30
United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.
Answers: 2
Business, 22.06.2019 19:00
Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.
Answers: 2
Business, 22.06.2019 19:50
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
Consider the following demand function for airline tickets (quantities are in thousands):
Geography, 16.10.2019 09:20
Mathematics, 16.10.2019 09:20
Social Studies, 16.10.2019 09:20
Mathematics, 16.10.2019 09:20
English, 16.10.2019 09:20
Spanish, 16.10.2019 09:20
History, 16.10.2019 09:20
English, 16.10.2019 09:30