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Please answer all 3 questions using APA 6th Edition format style, site any paraphrasing or quotes that are used in the answer and list source references under each answer as according to the APA 6th edition formatting guidelines.
1. Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
2. Discuss how an imperfectly competitive firm resorts to price discrimination to maximize its profits.
3. One of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Do you believe that is a valid critcism? Discuss with appropriate examples.
since the firm faces an upward sloping curve, it will not pick E* (equilibrium level of employment) How will it decide how much labor to employ, and how will this equilibrium level of employment (E**) compare with E*? Explain the reason for the di..
Discuss on relationships between production and cost, highlighting the equivalence between diminishing marginal productivity and increasing marginal costs.
For each of following cost-output relationships, explain the shape (U-shape, decreasing, increasing, constant) of the average total cost and marginal cost functions
questionin november 2010 each and every mzumbe university student had an income of 150000 per month facing the price of
Suppose you own an insurance company. Further suppose that this market is composed of only 3 people. Further still, supposed that this insurance is full coverage and medical expenses are always $1000. It would be logical to also assume conditions ..
Which of the following changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD? Explain your answer with credible logic and analysi..
Derive the equation of the consumer's demand curve for x and with y on the vertical axis and x on the horizontal axis, draw a price-consumptioncurve when the price of x changes.
You are given the data below for 2008 for the imaginary country of Amagre, whose currency is the G. Consumption 350 billion G Transfer payments 100 billion G Investment 100 billion G Government purchases 200 billion G Exports 50 billion G Imports 15..
suppose that omars marginal utility for cup of coffee is constant at 2.5 utils per cup no matter how many cup he
What is the monthly payment if you ?nance the car over 4 years at the following interest rates: 0%, 4%, and 8%?
Suppose you manage an agency that provides Meals on Wheels to infirm elderly residents in the county. The agency operates three kitchens. Each kitchen is producing one-third of the total meals every day.
One advantage of forming a business as a corporation is: the business is subject to less taxes and fewer government regulations limited liability management can make quick decisions individual stockholders can influence daily business
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