t is always more profitable to operate a full flight at a lower cost per ticket than a partially full flight at a higher price

The Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket and is used by an average of 623 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must, therefore, find a way to increase revenues The bus company is considering increasing the ticket price to $1.21. The marketing department's studies indicate this price increase would reduce usage to 473 riders per day. Calculate the price elasticity of demand using the midpoint method for bus tickets to determine if the bus company should increase price or decrease price to increase revenues. Enter your answer as an absolute value and round it to two places after the decimal price elasticity of demand: Determine if demand is elastic or inelastic and what this implies regarding how ticket prices affect revenue Demand is inelastic, so decreasing ticket prices will increase revenue Demand is inelastic, so…

the graph shows the demand curve for curcus tickets the average total cost curve and the marginal cost curve??? :(( Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Hand written solutions are strictly prohibited

The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by  q = −2.5p + 500  where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price (in dollars) should it sell the buggies to get the largest revenue? p = $

What can cause the market supply curve for electric cars to shift rightward (an increase in supply)? An increase in consumers' incomes An advancement in technology that reduces the cost of making electric cars An increase in the price of steel -- an input to electric cars An increase in the price of electric cars

Urban water supply has the Average Cost function AC =150/Q, and demand function     Q = 18-4P; Q is quantity of water output, and P is unit price of water.          (i) Obtain the Total Cost and Total Revenue Functions of water utility.          (ii) Find the optimal output (Q*) of water utility.          (iii) Find the optimal price (P*) of water utility.

Casinos in the US wanted to purchase decks of cards made in Mexico. It costs less than half the price paid to US suppliers. However, the price is based on the product outside the Mexican manufacturing doors. The US firm must find a way to transport the cards to the US. This is a problem given the current US regulations on transportation between Mexico and the US and the strong truck drivers union. In this case, casinos are experiencing:     Underinvestment in Mexico.     Language and cultural barriers in management.     Limited SI in Mexico.     High transaction costs and possible hold up problems.

The regular air fare between Boston and San Francisco is 419. An airline using planes on this route observes that they fly with an average of 236 passengers. Market research tells the airlines’ managers that each $7 fare reduction would attract, on average, 3 more passengers for each flight. How should they set the fare to maximize their revenue?

Was it ethically acceptable for president regan to fire the striking air traffic controller?