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Which type of discrimination is easier to address legally—demand side or institutional? Explain your answer.
a. Institutional because it is relatively easy to use legal action to force changes in institutional structure.
b. Demand side because there is no rational motivation for this type of discrimination.
c. Demand side because firm behavior is easier to monitor and, socially, people tend to favor laws regulating firms when they are discriminatory
d. Institutional because there is no rational motivation for this type of discrimination.
q.the market for pizza has the following demand and supply schedules supplied of price quantity and demanded quantity4
In a perfectly competitive industry, the price of good A is $2. If a firm in this industry decides to increase its price to $2.50, it will: a. realize an increase in profit of $0.50 per unit output. b. lose some of its customers in the market. c. be ..
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Suppose a consumer's preferences can be described. Derive the customer's marginal rate of substitution at the point.
Make a business plan of a mini golf, with actual real numbers and information, like i was going to build one
Elucidate how much the last input added to the total amount of revenue. Elucidate how much the last input added to the total amount of production.
After a few years of monopoly, the family that owns the Coca-cola monopoly gets in a fight, and they split the company in two. Now there are two large Coca-cola retailers in your area, and each retailer must decide whether to charge a high or low pri..
Under perfect price discrimination, there is no deadweight loss. If a monopoly can separate its buyers into relatively few identifiable markets and pursue a separate monopoly pricing policy in each market, then profit-maximizing price will be higher ..
You are employed as an economic consultant to the regional planning office of a large metropolitan area, and your task is to estimate the demand for hospital services in the area. Average travel time to the hospital goes down by 10% due to improvemen..
A nation is capable of producing wheat and computers. It cannot produce any wheat if it produces 11 thousand computers. Under what circumstances will the nation produce 6 thousand computers and 1 thousand bushels of wheat?
congress decides to reduce our dependence on foreign oil by imposing a $.50 tax on each gallon of gasoline at the pump. Elucidate briefly what kind of supply and demand elasticity for gasoline must be present in the U.S. market, in order for this..
Unemployment generally remains stable and static overtime. Changes in technology and new workers joining the workforce have contributed to the overall upward in the unemployment rate. The behavior of the unemployment rate is related to the business c..
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