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1. What is the different between anticipate and un anticipate inflation?
2. Describe when the government surplus a deficicit. Also draw loan able graphs to explain your answer.
Explain why the total profit (from all sales) is still likely to lower with this pricing scheme than with perfect price descrimination despite fixed fee equal to the entire consumer surplus of a typical customer.
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. only producer of this product your production costs would be C(Q) = 40Q. What is the market price elasticity of demand at the optimal quantity?
illustrates the likely effect on the marketplace for eggs. Indicate in each case the impact on equilibrium cost also equilibrium quantity.
An adiitional feature is that the computer shop will give her 500 for her old computer on a trade in. What is the equivilent annual cost for keeping her computer? What is the equivilent annual cost for swithcing to the new system?
Provide examples of different tools businesses use to identify the elasticity of their different customers. Also elucidate how the financial aid department determines student elasticity.
q.some economists have suggested that the best way to control medical costs is to remove the profit incentive for
the central bank raises the actual inflation rate to 4% which sequence is most such way to occur.
Given the budget equation 5M + 10P = 100, where M represents movies and P represents pizza, the slope of the budget line is
Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will follow its price cuts. Draw and explain the demand curve facing eac..
If a country's Central Bank purchases assets (e.g., bonds from banks), the economic result is:
How might the firm deal with the problems that such a strategy poses?
year on television advertising campaigns, promoting their beer brands. Obviously, if one firm is advertising its brands heavily, the others must also advertise to defend their market shares.
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