1. Do you think the demand for first-class postage stamps in the U.S. was relatively price elastic or relatively inelastic in 1980? Do you think the current demand is relatively price elastic or relatively inelastic? Explain why there may have been a change in the relatively price elasticity in the last 30+ years. Hint: How has technology changed price elasticity?
2. Given your answer for (1), should the USPS increase, or decrease, the price of first-class stamps in order to increase its total revenue? Explain why this increase, or decrease, in the price will lead to an increase in total revenue.
3. Go online and research information regarding the USPS’s financial situation. What have been the USPS’s profits, or losses, in the last few years? What are the projected profits, or losses, in the next few years? Be specific and provide annual estimates.
4. As a manager, what recommendations would you make to improve the USPS’s current and projected financial situation? What are labors costs as a percentage of total costs? How would you address these issues given that the USPS’s workers are heavily unionized? Be specific. Note: Students are expected to write more than a few sentences for their answer.
5. What would it mean to privatize the USPS (use positive statements)? What is your personal opinion regarding the USPS and privatizing the USPS (use normative statements)?
Last Completed Projects
| topic title | academic level | Writer | delivered |
|---|