1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sphinxa [80]
3 years ago
10

2) Consider the taxi market, a constant cost competitive industry. To operate a taxi an entrepreneur needs a license. Show graph

ically the impact of this regulation on the market supply and the efficiency of this market (as measured by the deadweight loss). A taxi medallion used to sell for up to 1.3 million dollars in NYC. After the entry of UBER the cost dropped these days to approximately 200,000. Discuss the impact of this change on the performance of this market.
Business
1 answer:
Arturiano [62]3 years ago
7 0

Answer:

The new entrant of UBER has led the taxi fares to drop by significant amount. The competition has increased and customers have now choice available to choose from lowest fares.

Explanation:

The taxi market is competitive industry but since there was no specific organization behind the taxi union which governs the taxi fares, the taxi drivers were free to charge the fare they want. The entry of UBER in the industry has enables the customers to switch from normal taxi to UBER as it provides ease of online booking with lowest possible standard fares.

You might be interested in
What does OPEC stand for? Help pls
konstantin123 [22]
OPEC - Organization of the Petroleum Exporting Countries
8 0
3 years ago
What is an example of a general safety hazard?
LuckyWell [14K]
Hey there,

<span>What is an example of a general safety hazard? 

The main general safety hazard that could be a hazard would be a </span>potential damage, harm or adverse health effects on anything or anyone/anybody. This concludes that your correct answer would be \boxed{poorly \ maintained \ equipment}&#10;. Because if a workplace is not maintain well, safety hazards can most likely occur.

~Jurgen
6 0
3 years ago
Read 2 more answers
A company that works to create a culture that encourages rank-and-file employees to make suggestions, question the status quo, a
Leya [2.2K]

Answer:

innovation and learning perspective

Explanation:

The innovation and learning perspective in strictly designed and implemented in organisations to improve the working environment and to seek for the long-term stability. This point of view incorporates representative preparing and corporate social dispositions identified with both individual and corporate personal growth. It gives employees with an opportunity to speak and suggest their perspectives.

7 0
3 years ago
Chris and Jane have recently financed the purchase of a new home. They have signed a mortgage note in the amount of $250,000 wit
Vadim26 [7]

Answer:

Chris and Jane

The difference in their monthly payment if they had signed this same note for only a 15-year period is:

= $8,346.57.

Explanation:

Mortgage Note Payable = $250,000

Fixed interest rate = 6.25%

Period of the note = 30 years or 15 years

Difference in monthly payment:

30-year period = $9,022.96

15-year period = $17,369.53

Difference =        $8,346.57

b) The computations show that Chris and Jane pay more per month on a 15-year period mortgage than on a 30-year period mortgage.  However, the total interest is more with a 30-year period than with a 15-year period.  This shows that interest expense increases more with longer periods of debt.

From an online financial calculator:

N (# of periods)  30

I/Y (Interest per year)  6.25

PV (Present Value)  250000

FV (Future Value)  0

 

Results

PMT = $9,022.96

Sum of all periodic payments = $270,688.83

Total Interest = $20,688.83

N (# of periods)  15

I/Y (Interest per year)  6.25

PV (Present Value)  250000

FV (Future Value)  0

Results

PMT = $17,369.53

Sum of all periodic payments = $260,542.92

Total Interest = $10,542.92

3 0
3 years ago
Helen worked for ABC Motors for 25 years. The president of ABC said to her: "In consideration of your past service for 25 years,
anastassius [24]

Answer:

No, legal consideration is absent

Explanation:

According to the given situation, the President of ABC company was promised to Helen to give a new car next week as Helen worked for 25 years. But the president did not give the car as he promised to the Helen.

In this case, there was a promise which was verbal, not in the way of legal consideration, which means there is no proof so that Helen can claim from the president.

Therefore the correct answer is No, legal consideration is absent

8 0
3 years ago
Other questions:
  • You purchase a bond with an invoice price of $1,410. The bond has a coupon rate of 6.8 percent, and there are 3 months to the ne
    15·1 answer
  • What steps can a nation take to achieve economic growth?
    11·2 answers
  • When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
    8·1 answer
  • Suppose the Fed conducts an open market sale of $50 million in government securities. If the required reserve ratio is 20%, what
    15·2 answers
  • Trade-offs force society to make​ choices, particularly when answering the following three fundamental​ questions:
    7·1 answer
  • If the margin of safety for canace company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was
    6·1 answer
  • Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing cust
    10·1 answer
  • Brad could no longer stand the smell emanating from his neighbor Clarence's compost heap that grew more odorous as the summer pr
    6·1 answer
  • Sobota Corporation has provided the following partial listing of costs incurred during August: Marketing salaries $ 51,600 Prope
    15·1 answer
  • Parmesan Company uses the direct method for its statement of cash flow. It reports the following information regarding the year
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!