managerial economics

posted by .

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 -

    Do you have a question?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    After the U.S. invasion of Iraq, the price of jet fuel used by airlines increased dramatically. As the CEO of Air Canada, you have been presented with the following options. Evaluate these options in the context of decision making …
  2. economics

    Suppose two competing airlines that service passengers only between Bozeman, Montana, and New Haven, Connecticut would like to merge. These two airlines have the best chance of securing a merger if they argue that their market is for: …
  3. statistics

    Please, give the formula and steps to do this problem. Thank you The average length of a flight by regional airlines in the United States has been reported as 299 miles. If a simple random sample of 30 flights by regional airlines …
  4. homework

    Airline work: Topic: Philippines 1. Does Philippine Airlines check your ticket before take off or when your in the sky?
  5. Economics

    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 …
  6. economics

    suppose15 percent increase in the price of airlines causes a 10 percent decline in the quantity demanded, what is the elasticity of demand for airlines?
  7. managerial economics

    Fortune magazine reported that SkyWest, an independent regional airline, negotiated a financial arrangement with Delta and United to provide regional jet service for the two major airlines. For its part of the deal, SkyWest agreed …
  8. Economics

    7. Fortune magazine reported that SkyWest, an independent regional airline, negotiated a financial arrangement with Delta and United to provide regional jet service for the two major airlines. For its part of the deal, SkyWest agreed …
  9. ECONOMICS !!!!! Help me ***

    Fortune magazine reported that SkyWest, an independent regional airline, negotiated a financial arrangement with Delta and United to provide regional jet service for the two major airlines. For its part of the deal, SkyWest agreed …
  10. Statistics

    The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and …

More Similar Questions