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Q1. Determine the advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service.
Q2. Overhead at the water cooler: "I think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs." Would you agree with this statement? Explain.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.
Suppose that investment decline by 40 units to a level of 60. What will be the new level of equilibrium income.
The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
School tries to discourage Twinkie consumption by raising the price to $.40, by how much will Matt's mother have to increase his lunch allowance to provide him.
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
Explain why the different definitions are important also explain the different procedures of the money supply.
Assuming fuel is one of the main inputs for many sectors. When a war breaks out in Country X, which is the main producer for fuel in the world, it causes fuel supply disruptions in the world.
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