You are thinking about traveling to visit friends in portland. you can fly or take the bus. a round-trip plane ticket costs $300, and it takes three hours to get from your house to your friend’s house if you fly. a round-trip bus ticket costs $150 and it takes 10 hours to get door-to-door using the bus. what is the minimum value of your time necessary to induce you to buy the plane ticket instead of taking the bus

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?