Question
In: Economics
The City of Atlantis provides transit services for residents throughout the city. Suppose you are assigned...
- The City of Atlantis provides transit services for residents throughout the city. Suppose you are assigned to determine transit ticket prices for the government of the City of Atlantis. How do you decide on the optimal ticket prices so that the city can provide an efficient level of transit services? Explain.
Solutions
Expert Solution
Solution:
The optimal ticket price can be found where the market forces of demand and supply equate (or the market demand curve intersects market supply curve in the market of transit services). In this sense, the quantity of transit services that is demanded by the consumers at a particular price, is being exactly provided for or supplied for at that price.
This is efficient because due to this equivalence in quantities demanded and supplied for a common price, there is no deadweight loss produced.
Rahul Sunny answered 2 years agoRelated Solutions
Consider a mid-size city of 3,000,000 people in the Cairo city . Suppose that its residents...
Consider a mid-size city of 3,000,000 people in the Cairo city .
Suppose that its residents produce, on average, 6.0 kg a day of
MSW. At present this waste is being hauled 180 miles away (in a
southeasterly direction) where it is being used to fill in an
abandoned open pit nickel mine. The mine and deposited wastes abut
a shallow marine embayment. Seaweed, shellfish, crustaceans, and
fish are harvested from this embayment and eaten by both the local
fishermen...
These transactions relate to Metro Bus, which provides transportation services to residents of Parker County. Metro...
These transactions relate to
Metro Bus, which provides transportation services to residents
of
Parker County. Metro Bus is accounted for as a
County Enterprise Fund.
Prepare journal entries to record the following
transactions in the Enterprise Fund.
1. On April 1, Metro borrows $2,500,000 by issuing
10-year revenue bonds. Bond
principal is to be
paid back in 20 equal semi-annual installments, starting October
1,
together with
interest of 5% a year on the unpaid principal.
2. On August...
You may know that the city provides free meals in NYC because of the pandemic. Suppose...
You may know that the city provides free meals in NYC because of
the pandemic. Suppose one of those locations that gives free meals
wants to make sure they have enough meals every day but do not have
many leftover meals. So, they contact you to calculate the number
of meals needed for that location every day (suppose that the daily
demand has the same distribution with the same parameters). How do
you set up a plan to calculate the...
You may know that the city provides free meals in NYC because of the pandemic. Suppose...
You may know that the city provides free meals in NYC because of
the pandemic. Suppose one of those locations that gives free meals
wants to make sure they have enough meals every day but do not have
many leftover meals. So, they contact you to calculate the number
of meals needed for that location every day (suppose that the daily
demand has the same distribution with the same parameters).
How do you set up a plan to calculate the...
Salt Lake City Services, Inc., provides maintenance services for commercial buildings. Currently, the beta on its...
Salt Lake City Services, Inc., provides maintenance services
for commercial buildings. Currently, the beta on its common stock
is 1.08. The risk-free rate is now 10 percent, and the expected
return on the market portfolio is 15 percent. It is January 1, and
the company is expected to pay a $2 per share dividend at the end
of the year, and the dividend is expected to grow at a compound
annual rate of 11 percent for many years to come....
Logical Logistics Inc. (Logical Logistics or the “Company”) provides transportation and logistics services to customers throughout...
Logical Logistics Inc. (Logical Logistics or the “Company”)
provides transportation and logistics services to customers
throughout a network of offices in North America, South America,
and Asia. The Company contracts fleets of shipping vessels, trucks,
and aircraft to provide regional, long-haul, and international
shipments of customer goods. In addition, the Company contracts
warehouse operators across North America for use of their
facilities as distribution centers that temporarily store goods in
transit. The Company has entered into the following contracts with...
Logical Logistics Inc. (Logical Logistics or the “Company”) provides transportation and logistics services to customers throughout...
Logical Logistics Inc. (Logical Logistics or the “Company”)
provides transportation and logistics services to customers
throughout a network of offices in North America, South America,
and Asia. The Company contracts fleets of shipping vessels, trucks,
and aircraft to provide regional, long-haul, and international
shipments of customer goods. In addition, the Company contracts
warehouse operators across North America for use of their
facilities as distribution centers that temporarily store goods in
transit. The Company has entered into the following contracts with...
Logistical Logistics Inc. (Logistical Logistics or the “Company”) provides transportation and logistics services to customers throughout...
Logistical Logistics
Inc. (Logistical Logistics or the “Company”) provides
transportation and logistics services to customers throughout a
network of offices in North America, South America, and Asia. The
Company contracts fleets of shipping vessels, trucks, and aircraft
to provide regional, long-haul, and international shipments of
customer goods. In addition, the Company contracts warehouse
operators across North America for use of their facilities as
distribution centers that temporarily store goods in transit.
Assume the Company has adopted the new leasing standard,...
Your company provides catering services throughout the United States. As part of the company’s growth strategy,...
Your company provides catering services throughout the United
States. As part of the company’s growth strategy, they plan on
acquiring businesses which complement the catering service by
providing full service restaurants.
Explain the capital investment analysis methods they should use
to determine their choices of capital investments.
Explain which methods will assist in determining whether to
continue to analyze the investment decisions.
Explain which method you would recommend they use to ensure the
investment is right for the company.
Your company recently assigned you to a the City of Chesterton and provided you with the...
Your company recently assigned you to a the City of Chesterton
and provided you with the following information for the year ended
June 30, 2008:
Expenses:
General government
$11,000,000
Public safety
24,000,000
Public works
12,000,000
Health and sanitation
6,000,000
Culture and recreation
4,000,000
Interest on long-term debt, governmental type
600,000
Water and sewer system
12,000,000
Parking system
500,000
Revenues:
Charges for services, general government
$1,000,000
Charges for services, public safety
200,000
Operating grant, public safety
700,000
Operating grant, health and...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- 3) You are rolling a 12 sided die 8 times. a) What is the size for...
- explain the difference between quantitative and qualitative research strategies. Provide an example of a crime based...
- use postorder and inorder tree traversals to make preorder traversal. #!/usr/bin/env python3 # encoding: UTF-8 """Turning...
- 1. Write an if-else statement to describe an object. Print "Balloon" if isBalloon is true and...
- An investor is considering purchasing a Treasury bond with a 20 year maturity, an 8% coupon...
- Write a program that copies the contents of one file to a destination file. This program...
- how to conduct a marketing mix for 3d crest white strips
ADVERTISEMENT