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Explain how a monopolist uses price discrimination in an effort to increase its profits. In your answer, you should differentiate between first, second and third degree price discrimination.
You are the head of a firm that faces an elastic demand. Illustrate the results on Total Revenue if you decrease your price.
Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each. Wh..
Your weapons company, Top GunZ, sells fighter jets to two countries. The jets can be produced at a constant marginal cost of $10 million. The demand for jets in the two countries can be represented as: QA = 100 – 2p QB = 80 – 4p. Assume that the opti..
Suppose a country has net exports of 40, transfer payments of 20, net investment income of -15, and a balance of payments surplus of 10. Find the country's current account balance and capital account balance.
Suppose a firm has a fixed $100 to spend on K=10, W=5. What combinations of inputs can the firm buy? What is the equation for the line that represents all of these combinations?
Assume there is a 50% chance of the savings account losing half your money. Elucidate how much does the person save now?
llustrate what will be the equilibrium price also quantity in the market. Illustrate what is the total market profit also consumer surplus.
In an industry there are two firms with the following cost functions: c1(q1) = 2 (q1)2, and c2(q2) = (q2 )2, where q1 and q2 denote the production level of every firm. The market demand is: p= a–Q,where a is a positive parameter, and Q=q1 +q2. 1.1 Fi..
Illustrate car production is capital intense relative to textiles. The US is capital abundant and China is labor abundant. Under trade, both countries produce both goods. If the labor endowment were to increase in the US, this would.
Which of the following statements is generally True about information products?
Analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of Viet Nam's basis for income generation and any and all constraints to growth.
What is the fertility transition and when did it take place in the United States? What explanations have been proposed to account for the fertility transition? Critically evaluate each of these explanations in accounting for the fertility transition ..
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