Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Microeconomics

Economists have estimated the following transportation elasticities. For each pair, describe possible reasons why the elasticities differ. a. elasticity of demand for buses is 0.23 during peak hours and 0.42 during off-peak hours b. elasticity of demand for buses is 0.7 in the short run and 1.5 in the long run c. elasticity or demand for toll roads is 4.7 for low-income commuters and 0.63 for high-income commuters.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M925793

Have any Question? 


Related Questions in Business Economics

1-2 page essay describing the obligations of corporate

1-2 page essay describing the obligations of corporate directors to a business corporation. In your essay discuss the different duties that active and inactive directors have with respect to the business corporations ope ...

Hannah and sam run moretown makeovers a home remodeling

Hannah and Sam run Moretown Makeovers, a home remodeling business. The number of square feet they can remodel in a week is described by the Cobb-Douglas production function Q = F(L,K) = 10L0.5K0.5, where L is their numbe ...

How do average variable cost average fixed cost and

How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased? Draw a curve for average fixed cost (AFC) as production increases, and explain why the curve continu ...

Mr amp mrs dier wish to purchase a boat in 8 years when

Mr. & Mrs. Dier wish to purchase a boat in 8 years when they retire. They are planning to purchase the boat using proceeds from the sale of their property which is currently worth $90,000 and its value is growing at 7 pe ...

Protecting the domestic market industrial policy and

PROTECTING THE DOMESTIC MARKET: INDUSTRIAL POLICY AND STRATEGIC FIRM BEHAVIOUR Abstract Foreign firms to break into a new market commonly undercut domestic prices and, hence, subsidise the consumer's costs of switching i ...

Select a news article dated within the previous two months

Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course. Please include link to th ...

Discussion arrays and listssourceforge sourceforgenet

Discussion: Arrays and Lists SourceForge (sourceforge.net), JavaForge (javaforge.com), and Google Code (code.google.com). Pick any one of the 3 sites and Find a program that (A) uses at least one loop and a list effectiv ...

Economics for business assignment-topics for group

Economics for Business Assignment- Topics for Group Assignment - GDP - Compare Australia with any other economy and discuss their GDP last 2 to 5 years and factors affecting their GDP. Unemployment - Discuss the unemploy ...

What is the definition of total monetary unit in the

What is the definition of total monetary unit in the context of economics.

What are some important things to consider when giving and

What are some important things to consider when giving and receiving criticism? How can you create an effective climate when discussing matters of importance with coworkers, clients, vendors, superiors, and employees? Wh ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate