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- i need this in woords not hamdwritten please rewrite it as it isAnswer please...2) BAA Airports Limited operates London's Heathrow Airport. Between 2008 and 2009, with the Great Recession, Heathrow passenger traffic fell by 1.5%. However, the proportion of long-haul traffic increased from 52.2% to 52.9% and the proportion of transfer passengers increased from 35.9% to 37.4%. (Source: BAA Airports Limited, Results for the year ended 31 December 2009.) a. Explain how passenger traffic affects the demand for retail services such as restaurants and shopping at the airport. b. Using relevant demand curves, compare airport passenger traffic at: (i) airports with retail facilities; and (ii) airports without retail facilities. Which airports would spend more on promoting passenger traffic? Assume that the airport maximizes the net benefit to all parts of the airport (including the retailers, if any). c. BAA's financial report remarked that "strong in-terminal shopping performance reflected a higher proportion of intraterminal transfer passengers, providing longer…
- Question 32 Referring to the panels, which of the four panels represents the market for bikini bathing suits as a result of the invention of a new technology that allows for faster sewing of such bathing suits? Group of answer choices Panel (d) Panel (c) Panel (a) Panel (b)Price (dollars per son of plywood Price (dolars per ton of plywood 94 Quantity (tons of plywood per monch) Figure A D2 Quancity (tons of plywood per monch) Figure B Price (dollars per ton of plywood) Price (dollars per ton of plywood) Quancity (tons of plywood per month) Quantity (tons of plywood per monch) Figure C Figure D 20) A construction boom occurs and many of the new buildings ned plywood for their framing, Which of the figures above best illustrates this change? 20) A) Figure A B) Figure B 9Figure C D) Figure D E) Figure A or Figure C 21) New technology for producing plywood is developed. Which of the figures above best illustrates this change 21) A) Figure A B) Figure B OFigure C D) Figure D Figure A and Figure D 22) Suppose a medical study reveals new benefits to consuming beef and at the same time a bumper com crop reduces the cost of feeding steers. The equilibrium quantity of beef will 22) A) decrease. B) definitely either stay the same or decrease stay the same. D)…Don't answer by pen paper
- 12LGjjfiV9KIUa7A14QC7gvvPrKFtW6ZwP60WrVE/edit AP 100% PRICE Dolars perp Answer Price ($) 10. Using the graph below, determine the equilibrium price and quantity of pens. 0000 5000- 3000 2000- Normal text Answer: RUBRIC Worksheet 2 Scenario 11. Using the graph below, determine the approximate equilibrium price and quantity of soap. Supety 3 QUANTITY ons of pens) Demand Curve Arial Supply Curve Cartoon P Quantity Supplied Price determination AND PRICE 11 Demand + B I UA A1. A certain computer company produces three kinds of computers, labelled A, B and C. This computer company has three factories, labelled 1, 2 and 3. The profit for each computer, the in-process space needed to produce each computer, and the market demand per day is indicated below: A B C 350 550 300 Product: Profit ($): In-process space (ft2): 20 Market demand/ day: 900 1200 750 15 10 As long as the number of computers produced are not more than the market demand, they will be sold. The three factories have the following production space: 2 3 Factory: Production space (ft2): 13000 12000 5000 1 (a) Identify variables for the optimization problem (b) Write down the objective function (c) Write down the constraints for production space (d) Write down the constraints for market demand. (e) Write down any other constraints needed to complete the optimization problemTyped plzzz and asap Thanks
- Question 26 Figure 2-1 20 arice 18 16 14 12 10 D 2 10 20 30 40 so 60 70 80 quaxtity Referring to Figure 2-1, what is the market equilibrium price? (number only, no $)4. Elasticity and total revenue The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 120 110 100 Total Revenue 90 B0 70 50 40 30 20 10 Demand 10 20 30 40 50 70 90 100 110 120 QUANTITY (Bippitybops) PRICE (Dollars per bippitybop)3. (Hand in) The elasticity of demand in the market for softdrinks is known to be ED = -1. It is known that if the government would implement a one dollar per gallon tax, then the price paid by consumers would go up by 0.8 dollars per gallon. Calculate the elasticity of supply Es.