How will commercial airlines respond to the threat of new $27,500 fines for keeping passengers on the tramac for more than 3 hours? What inefficiency will this create?
Answer to relevant QuestionsI recently sold my used car. If no new production occurred for this transaction, how could it have created value?Multiple-Choice Questions1. A business owner makes 1,000 items a day.Each day he or she contributes eight hours to produce those items. If hired, elsewhere he or she could have earned $250 an hour. The item sells for $15 ...Multiple-Choice Questions1. When economists speak of "marginal," they meana. Opportunity.b. Scarcity.c. Incremental.d. Unimportant.2. Managers undertake an investment only ifa. Marginal benefits of the investment are greater ...Suppose an initial investment of $100 will return $50/year for three years (assume the $50 is received each year at the end of the year). Is this a profitable investment if the discount rate is 20%?If demand for Nike running shoes is inelastic, should Nike raise or lower price?
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