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1. Consider a price ceiling imposed on a monopoly that is set below the competitive price. Design a diagram showing the monopoly equilibrium in this case. Use your diagram to show that a price ceiling set this low will create a shortage.
2. What conditions must hold for a firm to be able to practice price discrimination? How are consumers affected by price discrimination? Elaborate about how consumers are affected.
Elucidate what is your interpretation as to whether or not capital gains taxes should be raised or lowered.
Illustrate what are two reasons economists support free trade. Can you list what three of those assumptions likely.
What are the main differences among microeconomics and macroeconomics. What factors contributed to making that decision.
Illustrate what Information do you require to perform a marginal analysis to identify the profit-maximizing output.
Suppose demand function has changed t0o Qd2 = 14-P. What is the new equilibrium price and quantity. Show your work
Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.
What was the cross-exchange rate between the Real and the Peso in 2001? Real____/Peso. What was cross-exchage rate between Real and Peso in 2002? Real_____/Peso.
Illustrate what happens to the natural rate of unemployment and potential GDP if cyclical unemployment.
Explain how can the concepts of game theory be applied to buying through ecommerce or a retail store. Can you show me an illustration.
Conventional telephones are frequently breaking down, and it takes months to get a new line installed. Firms are thinking of adopting new parallel wireless system offered by private firms,
Elucidate the own price elasticity for ATM fees charged to non-customers. At the current ATM fee, should you raise or lower your ATM fees.
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
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