Homework 1 Read Chapter 3. You will be assigned teams of 4 people.

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Homework 1 Read Chapter 3. You will be assigned teams of 4 people. The homework is due in one week. One or more groups will present their results. Answer the following questions about FedEx What are major factors affecting its demand? (40 pts) What would be the effect on FedEx and why of (show the supply/demand curves) (15 pts each): UPS cutting its prices The cost of jet fuel doubles The government adds a new tax on packages There is a railroad strike Use the homework template from the class web site.