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A firm with costs C(Q) = 1,000 + 60Q + 0.1Q2 is able to price-discriminate between two groups of customers, with demands Q1 = 3,000 - 2p, and Q2 = 350 - 0.5p respectively. How much does it sell to each group, and at what price? What would happen if it were forced to charge all its customers the same price?
The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.
What is the difference between contractionary and expansionary monetary policy?
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
Discuss, relating in part whether such highways are public goods and whether or not privatization should work.
The Federal Reserve's publishes the H.3 Statistical Release-Aggregate Reserves of Depository Institutions and the Monetary Base-weekly. Recent releases show that the composition of the supply of total reserves
Explain why this strategy may in fact, be rational Also, identify at least two other strategies that might permit Argyle to earn higher profits.
Evaluate the range of marginal revenues
When and why were the inflation and unemployment rates negatively correlated? When and why were the inflation and unemployment rates positively correlated?
What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic? Explain law of demand with the help of a demand schedule and demand curve.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
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