Homework Help: managerial economics

Posted by bernadette on Monday, November 23, 2009 at 10:22am.

Entry of new airlines to the CARICOM region is severely restricted and as a consequence regional airlines charges higher airfares than US airfares for routes of comparable distances. An airline expert estimates the annual air travel demand between Trinidad and Antigua to be:

Q = 1,000 – 10P; where Q is the number of trips in (000’s) and P is the one-way fare in US dollars. In addition, the long-run average cost (one-way) per passenger is estimated to be $50

managerial economics - economyst, Monday, November 23, 2009 at 2:27pm
Do you have a question?

Answer this Question

Related Questions

Economics - Entry of new airlines to the CARICOM region is severely restricted ...
business statistics - The average length of a flight by regional airlines in the...
business statistics - The average length of a flight by regional airlines in the...
business statistics - The average length of a flight by regional airlines in the...
statistics - Please, give the formula and steps to do this problem. Thank you ...
economics - suppose15 percent increase in the price of airlines causes a 10 ...
business statistics - The average length of a flight by regional airlines in the...
homework - Airline work: Topic: Philippines 1. Does Philippine Airlines check ...
economics - Suppose two competing airlines that service passengers only between ...
grammar - Is there a dangling modifier in this sentence? Flying over the oak ...

For Further Reading

First Name:
School Subject:
Answer: