Consider the following demand function for airline tickets (quantities are in thousands):

Q = 10 - 0.1px + 0.4py + 0.25pz + 0.005Y, where:

px= price of an airline ticket

Q= quantity demanded

py= price of a bus ticket

pz= price of gasoline

Y= consumer income

* According to the above equation, airline tickets and bus tickets are substitute goods

If in equilibrium, the cross-price elasticity between airline tickets and gasoline is 1.1;

when the price of the gasoline increases by 2%, the quantity demanded of airline tickets increases by %?

Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?