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You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1's elasticity of demand is -4 while group 2's is -6. Your marginal cost of producing the product is 50.
A determine your optimal markups and prices under third degree price discrimination.
You should suppose that the accident at Chernobyl had no effect on the price of hot dogs or Jane's preference of caviar.
What would happen to each firm's current profits if firm 1 reduced its price to $6 while firm 2 continued to charge $8?
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
Illustarte what are the main costs of production for the good or service your organization supplies. Breakdown the costs from the largest to the smallest.
Illustrate what is the basic objective of monetary policy. What are the strengths and weaknesses of monetary policy.
A decision by the U.S. to utilize fiscal policy to run a fiscal deficit, chiefly through unprecedented heavy spending, to stimulate the US economy
A monopoly is manufacturing a level of output at which price is $80, marginal revenue is $40, average total expenses is $100, marginal cost is $40and average fixed cost is $10.
Assume the price of the futures contract changes as shown in the following table. Enter the relevant information into the table. Show your calculations.
However, many critics contended that this "sequester" measure is only temporary and too small given the $4T US government budget to have a significant impact on the economy. Therefore, many economists considered this spending cut as too small to ..
In 2008, box industry was perfectly competitive. The lowest point on long run average cost curve of each of the identical box producers was $4,
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
Explain the various components of fluctuations in economy activity over time. Because economic activity fluctuates, how is longterm growth possible?
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