1. 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.