Initially the number of airline firms fell in response to deregulation.
Answer the following statement true (T) or false (F)
False
The Airline Deregulation Act of 1978 changed the structure and behavior of the airline industry. With the elimination of the barriers to entry, the number of carriers increased greatly. Between 1978 and 1985, the number of airline companies increased from 37 to 174.
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The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from her 15th soda is
A) $0.00. B) $0.50. C) $1.00. D) $1.50. E) $2.50.
Assume an electric company has spent $3 billion on a nuclear power plant. It's producing at a price per kilowatt hour that is above its average variable cost. However, after 10 years the price remains below average total cost
If there is no expectation that price will equal or rise above the average total cost what would you expect this company to do with its nuclear power plant? Why is the $3 billion not part of the decision? Explain.
In an economy that has no foreign trade, if real GDP declines by $160 million following a decline in investment spending of $40 million, then the marginal propensity to consume must be equal to _____
a. 2 b. 0.33 c. 4 d. 0.75 e. 0.4
Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her skills
a. Jenna and Mary are both frictionally unemployed. b. Jenna and Mary are both structurally unemployed. c. Jenna is frictionally unemployed, and Mary is structurally unemployed. d. Jenna is structurally unemployed, and Mary is frictionally unemployed.