Which of these features of modern urban mass transit is most important? mass transit has led to a decline in the prestige of the commercial air travel industry. mass transit provides steady, practical transportation for millions of people. mass transit is more efficient for the business and municipality and less efficient for the customer. mass transit is heavily regulated and produces jobs for regulators.

How is the division of labor accomplished?

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

True or false: banks are required to make electronically deposited funds available on the same day of the deposit