Focus on the airline industry: why is the upper portion of the kinked demand curve elastic and
Question:
Focus on the airline industry: why is the upper portion of the kinked demand curve elastic and the lower portion inelastic?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
In order to understand this concept we first need to understand a few key terms 1 Elastic Demand If ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Use the table below to answer the following questions: Microeconomic Problems 1. Given the simple demand schedule information in the table above, calculate the coefficient of price elasticity of...
-
An oligopolistic industry has two sets of demand curves. If firm 1 is the only one that changes price while the other are constant, its demand curve is: Q = 82 8P (1) and MR = 10.25 - 0.25Q. On the...
-
Since Ryanair DAC's2 emergence as an upstart challenger to the Aer Lingus Ltd.-British Airways plc duopoly in the late 1980s, it had been both a consumer champion and antagonist; a technological...
-
Suppose that two stocks whose rates of return are given by the two-factor arbitrage pricing model r= a +31 +42 r2 = 02 +241 +2, where a, and a2 are constants. Furthermore, there is a risk-free asset...
-
Suppose you are assigned the task of determining the route of a new highway through an older section of town. The highway will require that many older homes must be either relocated or torn down. Two...
-
aintRefer to the information in Exercise 15-28. Suppose Manufacturing is located in Country A with a tax rate of 60 percent and Assembly in Country B with a tax rate of 40 percent. All other facts...
-
Water at \(20^{\circ} \mathrm{C}\) is flowing down a \(3.0 \mathrm{~m}\) long vertical plate at a volumetric flow rate per meter of plate width of \(q=0.000005 \mathrm{~m}^{2} / \mathrm{s}\)....
-
Refer to the Lufthansa example on asset depreciation estimates. What adjustments would be required if Lufthansas aircraft depreciation were computed using an average life of 25 years and salvage...
-
Company H is a high credit-worthy borrower. Company L is a low credit-worthy borrower. Their preference, status, and borrowing opportunities are shown below: Company Preferred Rate Currently Fixed...
-
What are four distinguishing characteristics of monopolistic competition?
-
Graphically depict a shut-down case for a monopolistic competitive firm. When should any firm shut down in the short run?
-
Suppose X and Y are independent random variables that each take the value 1 with probability 0.5 and the value 2 with probability 0.5. Use the following random variables to show that E(X/Y) ...
-
https://lc.gcumedia.com/hlt307v/allied-health-community/allied-health-community-v1.1.html Above is the link where you open the Allied Health Community media application... Open the Allied Health...
-
Probability of generating pounds between 27 and 31 per month = 62.47% Explanation: Z1 = (Higher range of pounds - Average pounds) / Standard deviation = (31 - 28) / 2 = 1.5 Z2 = (Lower range of...
-
One of the important elements of any database is database performance. Discuss on how you will enhance the performance of the database which include database tuning?
-
Write a complete C++ program. Read from standard input (std::cin) a sequence of integers that is terminated by the integer zero (0) Print the minimum, maximum, and average of the positive even values...
-
Armando and Bryan grew up together in Brooklyn. One of their childhood friends was Candas. The three of them used to hang out a lot. Even when Candas moved to the Bronx when they were in senior year...
-
In the fourth quarter of 2011, Eurot Cycling, a bike shop, had the following net income: Sales .................$350,000 Less cost of sales ............ 140,000 Gross margin .............. 210,000...
-
In the figure, two loudspeakers, separated by a distance of d1 = 2.63 m, are in phase. Assume the amplitudes of the sound from the speakers are approximately the same at the position of a listener,...
-
Assume that in 2019, the following prevails in the Republic of Nurd: Y = 200 G = 0 C = 160 T = 0 S = 40 I (planned) = 30 Assume that households consume 80 percent of their...
-
Excessive and cumulative public deficits might lead to an increase in the debt-to-GDP ratio, often used to measure the weight of public debt on the economy. In 2014, the average debt-to-GDP ratio for...
-
You are appointed secretary of the treasury of Redana, a newly independent country. Its currency is the oban. The new nation began fiscal operations this year, and as of now has no debt. The king...
-
6. Kevin loans Marcus $14,000. Marcus repays the loan by paying Kevin $4,000 at the end of one year, $6,000 at the end of two years, and $6,000 at the end of three years. The money received by Kevin...
-
You have been offered a unique investment opportunity. If you invest $10,900 today, you will receive $545 one year from now, $1,635 two years from now, and $10,900 ten years from now. a. What is the...
-
The last four years of returns for a share are as follows: Year 1 2 3 4 Return 4.1% 27.8% 12.4% 4.3% a. What is the average annual return? b. What is the variance of the share's returns? c. What is...
Study smarter with the SolutionInn App