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Explain why a monopoly that is perfectly able to discriminate between its customers and charge them the individual price it wants is Pareto-efficient, unlike a monopoly that can only charge a single price to consumers with different reservation price.
The economies of two countries, Thrifty and Profligate, have the same production functions and depreciation rates. There is no population growth or technological progress in either country. The economies of each country can be described by the Sol..
Explain how much profit will the perfectly competitive firms earn. How much profit will the monopoly firm earn.
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
Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Calculate the long- run rate of inflation according to the quantity theory in each of the following cases:
Juan owns office buildings and rents his buildings to companies in exchange for rent payments. Roberto regularly pays a lawn-care company to mow his lawn. Explain how Juan's income and Roberto's transactions are represented in the circular flow di..
How are changes in lifestyles and attitudes affecting leisure and tourism? Is home-based recreation an opportunity or a threat?
Suppose that inflation is 2 percent, the federal funds rate is 4 percent, and real GDP is 2 percent above potential GDP. According to the Taylor rule, in what direction and by how much should the Fed change the real federal funds rate?
Suppose Bob works for Mary as a proofreader. Mary and Bob fall deeply in love, marry and have eight children. Bob stops working for Mary in order to care for the children. What will be the effect on GDP
Colin faiths that the number of job offers he will get depends on the number of courses. He concludes from observation that the following figures are typical.
When an employee walks away from work with a box of pens that belong to their employer;
Each paper is to be an analysis on the recent economic events or economic reports from the supplemental resources or references. The focus of this assignment is to relate and analyze current events to basic principles of macroeconomics covered in thi..
Illustrate what measures can the Indian government, international organizations, the mulitinationals take to help the industry revive.
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