subject
Business, 26.08.2019 16:30 bbb4951

In 2008, cruise ship lines announced they were increasing prices from $7 to $9 per person per day because of increased fuel costs. according to one analyst, fuel costs for carnival corporation's 84-ship fleet jumped $900 million to $2 billion in 2008 and its cost per passenger per day has jumped from $10 to $33. assuming that these firms are oligopolistic and the outcome is a nash-cournot equilibrium , why did prices rise less than in proportion to per-passenger-per-day cost? at the cournot equilibrium, prices rose less than in proportion to per-passenger-per-day costs because a. the number of firms must have decreased. b. marginal costs do not affect oligopoly prices. c. consumers are infinitely price sensitive. d. consumer demand is not perfectly inelastic. e. only fixed costs affect oligopoly prices.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:40
the question using the following data, which show all available techniques for producing 20 units of a particular commodityresource resource prices possible production techniques#1 #2 #3 #4 #5land $4 2 4 2 4 4labor 3 1 2 4 1 3capital 3 5 2 3 1 2entrepreneurial ability 2 3 1 1 4 1assuming that the firm is motivated by self-interest and that the 20 units that can be produced with each technique can be sold for $2 per unit, the firm will
Answers: 1
question
Business, 22.06.2019 12:50
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
Answers: 3
question
Business, 22.06.2019 18:00
Match the different financial task to their corresponding financial life cycle phases
Answers: 3
question
Business, 23.06.2019 00:00
Todd and jim learned that in building a business plan, it was important for them to:
Answers: 1
You know the right answer?
In 2008, cruise ship lines announced they were increasing prices from $7 to $9 per person per day be...
Questions
question
Mathematics, 01.02.2021 04:10
question
Mathematics, 01.02.2021 04:10
question
Mathematics, 01.02.2021 04:10
Questions on the website: 13722361