Suppose that airlines compete for customers on flights between Chicago and Los Angeles. The total number of passengers flown by the firms, Q, is the sum of the number of passengers flown by each firm. We assume all firms are identical and face the same costs. Our estimate of the market demand function is Qequals431minusp, where price, p, is the dollar cost of a one-way flight, and total quantity of the airlines combined, Q, is measured in thousands of passengers flying one way per quarter. Each airline has a constant marginal cost, MC, of $138 per passenger per flight. What fixed cost would result in four firms operating in the monopolistically competitive equilibrium? What are the equilibrium quantities and prices? The Cournot equilibrium quantity for each of the four firms is

Calculate the required rate of return for an asset that has a beta of 1.73, given a risk-free rate of 5.3% and a market return of 9.9%. b. if investors have become more risk-averse due to recent geopolitical events, and the market return rises to 12.7%, what is the required rate of return for the same asset?

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Value economics capital scarcity opportunity cost wealth labor trade-offs standard of living good a. condition of not having enough resources to produce all the things people want b. alternative choices made by consumers in the marketplace c. sum of those economic products that are tangible, scarce, useful, and transferable d. tools, equipment, machinery, and factories used in the production of goods and services e. tangible item that is economically useful or that satisfies an economic want f. quality of life based on the ownership of the necessities and luxuries that make life easier g. people with all their efforts, abilities, and skills h. cost of the next-best alternative use of money, time, or resources when one choice is made rather than another i. study of how people try to satisfy their needs through the careful use of scarce resources j. worth that can be expressed in dollars and cents