Business, 20.09.2019 23:20 abolton04

Assume that due to a decrease in demand, the average domestic airline fare decreased from $371.72 in the third quarter of 2015 to $362.56 in the fourth quarter of the same year, a decrease of $9.16. the number of passenger tickets sold in the third quarter was 183.9 million and 175.9 million in the fourth quarter. over the same period, the airlines’ costs remained roughly the same: the price of jet fuel averaged around $2 per gallon in both quarters, and airline pilots’ salaries remained roughly the same, averaging $117,290 per year in 2015). can you determine precisely by how much producer surplus has decreased as a result of the $9.16 decrease in the average fare? if you cannot be precise, can you determine whether it will be less than, or more than, a specific amount?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:00, OceanClaws

Jagjit company designs and builds retaining walls for individual customers. on august 1, there were two jobs in process: job 93 with a beginning balance of $8,650, and job 94 with a beginning balance of $7,270. jagjit applies overhead at the rate of $9 per direct labor hour. direct labor wages average $16 per hour. data on august costs for all jobs are as follows:

Answers: 3

continue

Business, 22.06.2019 19:20, cathydaves

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:

Answers: 1

continue

Business, 22.06.2019 20:00, lusa0720

Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor

Answers: 3

continue

Business, 23.06.2019 01:30, Elijah7934

What are six resources for you decide which type of business to start and how to start it?

Answers: 3

continue

You know the right answer?

Assume that due to a decrease in demand, the average domestic airline fare decreased from $371.72 in...