Answer to Question #228137 in Macroeconomics for BROTHER

Question

Assume you are managing a firm that recently entered in the transportation service, which

is meter taxi service similar with Ride, Feres and others. If you have to estimate the

demand for the transportation service you provide, (6 marks)

a. What would be the explanatory variables you include in a regression model?

b. Indicate how you may utilize the results of your demand estimation for decisionmaking.

c. How do you make your pricing decision?

d. What do you think is the market structure for meter taxi transportation in Addis? Give

your justifications

Answer 1

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