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A price-discriminating monopolist faces the following inverse demand functions:
In Market One it is P1 = 20-Q1 where P1 is the price charged in Market 1 and Q1 is the quantity demanded in Market one. In Market Two it is P2 = 15-1.5Q2 where P2 is the price charged in Market 2 and Q2 is the quantity demanded in Market Two. Marginal cost is constant at $5. Find the profit-maximizing quantity and price charged in each market. Calculate profit in each market and joint profit.
What would this firm's price, quantity and profit be if it were constrained to charge the same price to all consumers?
Suppose the government institutes a new sales tax on shoes, which are produced by a competitive constant-cost industry.
Calculate the average total cost at these different sales levels. Assuming that the cost structure for every firm in the industry is identical, do you think that the industry could be in long-run equilibrium?
You are required to find an article that is relevant to economics and make an argument in your analysis using appropriate economic terminology.
"What are some reasons why the unemployment rate is typically lower in the United States as compared to Canada and some Western European countries?"
Formal Use Policy for securing networks and databases You will create a formal acceptable Use Policy for an organization of your choice. You will use your textbook as a guide to provide detailed information security expectations of the employees i..
What are the main types of system calls? Describe their purpose.
Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run.
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks,..
To what extent can monetary policy be used to affect output in a fixed exchange rate regime? Explain.
How the western European economies, especially of France, has higher living standards than we do. Therefore they can afford their great benefits.
The credit union will have $2.3 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and investments.
Suppose the Australian economy has only three goods, and the typical family purchases the amounts given in the following table. If 1999 is the base year, then what is the CPI for 2006?
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