Logic of the ricardian view of government debt

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Q1. "Cutting the price of a product never increases the amount of revenue you receive. If we want to increase revenue, we have to increase price" - is this true?

Q2. Code Red has a monopoly business of Tyvek recycling. If the marginal cost for a Tyvek is $50 and the price elasticity for Tyvek is -4, what is the optimal monopoly price?

Q3. Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.

Reference no: EM135573

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