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University X has started offering MBA courses not only at its main campuses but also at suburban locations, such as the malls located in nearby cities. In what ways do the offering MBA courses at other locations create producer and consumer borne value to both the university and the malls? What factors affect the ability of the university and malls to capture value?
The government imposes a fixed fee per year on each firm operating in a competitive market.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input?
What is your marginal revenue and marginal cost functions? To maximize profits, how much should you produce at plant 1? At plant 2? What is the price that maximizes profits?
Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment
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.
Imagine the opera has a capacity of 3000 seats and that all costs are fixed. If they can discriminate between the two groups, what is optimal price to charge to each group and how many tickets will each group buy?
Read the following text and answer the questions below: Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
Is the economy of a big city more competitive than that in a small town or given neighborhood? How? Do you think your local grocer has monopoly power?
Suppose that workers and firms could always predict next year\'s price level with perfect accuracy.
Find the velocity given that the market is in equilibrium. MD1 is the relevant curve and it is given that the real GDP is 30,000.
Determine, how the following will affect the slope of the output demand curve, and explain your results:
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