South central airlines (sca) operates a commuter flight between atlanta and charlotte. the regional jet holds 50 passengers and currently sca books only up to 50 reservations. past data shows that sca always sells all 50 reservations but that, on average, two passen- gers do not show up. as a result, with 50 reservations, the flight is often being flown with empty seats. to capture additional profit, sca is considering an overbooking strategy in which they would accept 52 reservations even though the airplane holds only 50 passen- gers. sca believes that it will be able to always book all 52 reservations. the probability distribution for the number of passengers showing up when 52 reservations are accepted is estimated as follows:

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively