Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Do you agree or disagree: A price setter company (like a monopoly or an oligopoly) can earn greater profits by charging one price than by practicing price discrimination. Support your answer. Give example of how they do this.
2. What is price discrimination? Give three examples of it. What would NOT be an example of price discrimination? Which of the Four industries that we studied can do price discrimntaion? For a company what would be the ideal type of price discrimination?
3. What does a cartel OR a Kinked Demand Curve tell us about the nature of competition and collusion? Is it better to be a consumer where there is a cartel or kinked demand curve? Why? Pick one of the Two cases to examine for this question. Don't try to do both. Be specific and accurate.
4. What happens in the long run for the monopolistic competition firm and for the oligopoly firm? Which of the two are better for the consumer and why?
5. How are wages set in the labor market? Are workers and companies Wage (price) setters or wage (price) takers or both? Explain how a company or a worker can be a wage setter, while other companies and workers are wage takers. Hint: A wage setter is where the company/worker decide how much to pay/how much the wages should be and wage taker is where the company pays what the market wages are, no more or less.
Describe the cutthroat competitors reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.
Elucidate two reasons a single minimum salary might distort the labor market for teenage workers more than it would the market for adult workers.
Investigate the factors behind economic growth in Hong Kong and Singapore; determine the two factors that affect economic growth are capital deepening & technological progress.
Economic indicators are economic statistics that tell us how well the economy is doing. The GDP, unemployment value, and inflation vale are the most common macroeconomic indicators.
Dani Rodrik argues that democratically elected governments, not international finance, should be the ultimate source of discipline for national economies. Others say that democracy itself is the problem.
The problem belongs to Economics and the problem is about a report on the 2008 National Trade Estimate Report on Foreign Trade Barriers on specific country.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers.
What are the limits to our long-term economic growth in the US? Is there anything that our government can do to address these limits, or would it be a bad idea to try?
A bank is offering $20,000 6-month CD's for $19,500. What is the nominal annual interest rate? What is the effective annual interest rate? please give both the answers in %.
Suppose you are an executive director of the top management team of an American multinational.
Assume, in a 2-sector model, that individuals earn the following payments from business sector: wages $520, interest $30 rent $ 10 and profits $80.
A researcher is interested in the size of the current balance of credit card holders. To estimate this, he obtains the size of the current balance of a random sample of 25 credit card holders. A 90% confidence interval for the mean current balance..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd