Econo-missed

I need help on some homework questions for an MBA-level Managerial Economics class. The total operating revenues of a public transportation authority are $100M while its total operatiing costs are $120M. The price per ride is $1, and the price elasticity...

Please help with this question: A researched estimated that the price elasticity of demand for automobiles in the U.S. is -1.2, while the income elasticity if demand is 3.0. Next year, U.S. auto makes intend to increase the avg price of autos by 5%, and t...

The coefficient of the price of gasoline in the regression of the quantity demanded of automobiles (in millions of units) on the price of gasoline (in dollars) and other variables is -14. (a) calculate the cross price elasticity of demand between automobi...

From table 4-1 in the text, which gives the price elasticity of demand for Florida Indian River Oranges, Florida interior oranges, and California oranges, as well as the cross price elasticities among them, determine: (a) by how much the quantity demanded...