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Price discrimination sounds like a socially "bad" thing. Can you think of any reasons why price discrimination could be viewed as a socially "good" thing?
In classe, we showed that any player 10s strategy b0 1 > v1 is weakly dominated by strategy b1 = v1. Combine the above two statements, what conclusion can you draw Why this conclusion is relevant if we want to show (b1 = v2; b2 = v2) is the domina..
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
Suppose inflation rate in Philippines is 100% over one year, but the inflation rate in Japan is only 3%. According to relative PPP, what should happen during the year to the Japanese yen exchange rate against the Philippine peso?
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession.
The Bureau of Labor Statistics reported that in December 2002, total labor force was 142,542,000 of a possible 214,967,000 working age adults.
After Halloween some stores offer discounts on goods. What can we say is happening to the demand or supply curve for prices to come down What can we say about how consumers are reacting about the lower pricing
The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost. That is, the firm will achieve productive eff..
the present market conditions for the Xerox corp by addressing the price elasticity of demand for the company.
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
What is the equilibrium price and quantity. Illustrate what will sales be if the price is dropped to $20.
Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.
Suppose that individual forecasts of a particular interest rate are normally distributed with a mean of 10 percent and a standard deviation of 1.6 percent. (Round k, Q1, and Q3 to three decimal places, and round percentages in part a to the neares..
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