Congestion pricing

On average it takes 9 minutes and 35 seconds for an ambulance in New York City to reach the caller. This is 4 minutes longer than the national average. New York’s congestion problem began in the 1930s, the depressed economy put thousands of people behind the wheels of taxi cabs. Thousands of drivers chasing after few fares congested the streets of the New York boroughs and forced the city to put a restriction on the number of cabs allowed on the streets at a time. Uber, an app that allows its…

1.1 Purpose The purpose is to analyse an issue regarding the cost allocation among divisions and how to better allocate the maintenance service cost internally and enhance the efficiency and motivation of their performance. 1.2 The issue The method provided by Johnson leads issue to the Delta Division because it cannot be implemented in an optimal manner. Additionally, Johnson promised that the Delta Division only needed to pay $10,000 monthly after the conversion of its maintenance service…

The market in the form of monopolistic competition model, those that fall between the markets alone, free competition and full of pure monopoly, are many. One of the important forms prevailing in monopolistic competition market is oligopoly, oligopoly which is narrower types of monopolistic competition. The oligopoly market contain a small number of producers may not exceed two in some cases, and called duopoly market. The oligopoly market problems are clearly distinct from the problems of free…

Introduction: London is one of the world’s most famous and expensive cities. It offers a lot of opportunities to people to work on it. However, most of the people cannot afford its property prices and cost of living there. London became the most expensive city in the world instead of Hong Kong for firms to locate labors. Moreover, its house prices are going up rapidly especially in the last year the prices have been increased by 18.4 percent. Due to that London became the priciest city in the…

shelves with prices higher than par. At the end of the day, it is the government that needs to take a stand against this as the small retailers fear the power of the duopoly. They do not want to spite the supermarket giants and get embroiled in a pricing war with Woolworths and Coles. Conclusion To sum up the essay, the issue at hand is the unfair power with Woolworths and Coles as a duopoly over the grocery and supermarket industry. This unfair practice has led consumers, facing high prices in…

Critical numeracy is the ability to think discernibly about the way mathematical concepts are being used in everyday contexts, such as the media (reference).The ability is particularly relevant in the light of media claims about sensitive social issues and in the light of advertisements that make claims for products on the market. As teachers, we want to cultivate critical minds that analyse and understand how the media can manipulate their view on almost every topic, since we cannot make sense…

These days’ tiny houses have been looked at these small spaced places that people live due to financial limitations (also described as small prisons). Whereas Tiny houses originally were introduced as these luxurious places that people would live in because they could spend their money on pleasures and live a "luxurious" lifestyle; rather than a small place with limited space. In addition to that, people who live in a micro-houses have a “larger life outside with a lighter conscience” (Wilkinson…

examined the CAPM and discovered that the beta can not explicate the cross-section stock returns (CSSR). Moreover, F&F (1992) conducted a test, from 1962 to 1989, on the American Stock Exchange (AMEX), (NYSE), and the National Association of Securities Dealers Automated Quotations (NASDAQS). This study found that the BTMR was an effective variable in explicating the average CSSR. 1.1.3. Earning price ratio (EPR) and debt to equity ratio (DER) Factors In addition to the three factors…

On July 5, 2001, a portfolio manager at NorthPoint Group, Kimi Ford is considering buying some shares of Nike for the fund she manages, NorthPoint Large-Cap Fund. This fund mostly invests in Fortune 500 companies, and it’s top holdings include; ExxonMobil, General Motors, McDonald’s and 3M. Nike’s share price had declined since the beginning of the year. Since 1997, Nike’s revenues had plateaued around $9 billion, while net income had fallen from almost $800 million to $580 million, and their…

1. Please explain inelasticity and elasticity of demand. What happens when there is a tax on luxury items? In economics, elasticity is the measure of responsiveness towards the demand for a product when its price is changed. The basic formula for calculating the elasticity of a product is to divide the percentage change in quantity demanded by the percentage change in price. When the value of elasticity is greater than one percent, it indicates that the demand for the good is sensitive to…