Answer:
The answer is E.
Explanation:
Given the information about the airline company Northern Air and their problem with Belleville airport, when we evaluate the options for any disadvantages for Northern Air we can say that;
Option A, being able to schedule flights without stopping for refueling is completely an advantage for Nothern Air.
Option B, the decline of the cost of aviation fuel over the next several years can only cause a problem if the amount they will save from their fuel costs and other costs are going to exceed the amount that will be spent on the Skybuses.
Option C, several mechanics losing their jobs is certainly not the most serious disadvantage Northern Air is going to have from this action.
Option D, the fact that none of Northern Air's competitors in the Belleville Airport are buying Skybuses is not a disadvantage for Northern Air.
Option E, the aerodynamic of the Skybus causing turbulence and therefore leading the delay for the take-off could be a serious disadvantage because of its affects to the company's strict flight schedules.
I hope this answer helps.
Answer:
D. All of the above.
Explanation:
In the Aggregate Expenditure model or approach to GDP, GDP is calculated using the following formula:
GDP = C + I + G + NX (X-M)
Where:
- C = consumption
- I = Investment
- G = Government spending
- NX = Net exports
As can be seen, each of the elements of the equation are necessary to understand (calculate) GDP by the AE approach. Each element is also important to show how macroeconomic equilibrium is reached. Thus, the correct answer is D.
Answer:
A. Set above equilibrium price
Explanation:
A price ceiling is a mandatory maximum price that a seller is allowed to charge. Generally, a government may impose this in order to protect consumers, especially with regards to the purchase of essential goods.
If the price ceiling was set below the equilibrium price (option c) or if the equilibrium price is above the price ceiling (option b), it will immediately cause a shortage (option d) since the quantity demanded would be higher than the quantity supplied when the price falls. This is because people will be willing to purchase more since it is cheaper but suppliers will be willing to produce less due to lower profits. Hence, options b, c and d are eliminated.
Option A is correct because... (please refer attached diagram):
When the price ceiling is above the equilibrium price, suppliers are willing to supply more since they can make higher profits but consumers will reduce purchasing since it is expensive. However, it does not cause any immediate effect because it takes time for suppliers to be able to produce more and cannot be done immediately unless anticipated in advance. In the long run however, quantity demanded will fall from equilibrium quantity to D1 and quantity supplied will rise from equilibrium quantity to S1. Hence, causing a surplus between D1 - S1 in the long run.
Answer:
72 percent
Explanation:
The computation of the Y's maximum possible utilization is given below:
In the case when the maximum output received from C is 72 units per hour so the maximum input rate to Y should also be 72 units per hour as X and Y are linked in series
So as per the given situation, Y's maximum possible utilization is 72 percent
The same should be considered and relevant
Answer:
The answer is C. The interaction of consumers.
Explanation:
In the primary markets, the valuers, corporations and even the regulatory bodies may set the price. However, when they are released into the market, supply and demand sets the price levels. In other words, consumer behaviour, expectations and interactions.
