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What is price discrimination and how is it used to increase a monopoly's profits? Explain with a graph, how consumer surplus changes when a monopoly price discriminates. Give me a real-world example where companies use price discrimination policy.
Which one of the following statements is not accurate? In general a production possibilities curve:
Compute currency in circulation, checking deposits, the money supply, and the money multiplier. Imagine the Fed begins to pay interest on reserves held at the Fed. How would this affect the money multiplier?
Assume that the slope of the saving function becomes steeper, will this change in the economy, by itself, have the effect of increasing, decreasing, or not changing the size of autonomous spending multipliers (that is, the investment or government sp..
Consider a perfectly competitive market described by the supply function P = 10 + 0.3Q and demand function P = 60 - 0.2Q. Suppose the market is initially in equilibrium. If the government intervenes in the market and imposes a price restriction of P ..
Calculate the profit maximizing labor demand and the resulting wage paid for the monopsonistic firm. Calculate the welfare loss compared to the competitive outcome.
To assess the impact of those mergers,on industry on consumers and on society as a whole.
Other factors remaining the same, what would happen to the supply of a particular product if the following changes occur?
Porter's Five Forces Model, Porter's Five Forces Model is a "classic model" that is still relevant for today's management. This is primarily an industry-based view toward competition. It can be used to support competitive decisions facing manager..
A monopolistic firm faces the following demand curve. What price should this monopoly charge to maximize its profit? What would be its equilibrium profit? What price should it charge if it were to maximize its revenue? What would be its profit if it ..
Total revenue is defined as the product of quantity of an item sold and it price. The price of an item is given by: The total cost incurred is the sum of the fixed costs and operating costs. The latter increases as more items of a product are manufac..
By how much should domestic auto-makers increase the cost of automobiles if they wish to increase sales by 5 percent next year.
Bribes: Two players find themselves in a legal battle over a patent. The patent is worth 20 to each player, so the winner would receive 20 and the loser 0. Given the norms of the country, it is common to bribe the judge hearing a case.
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