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Price discrimination tends to be more common in the sale of services (e.g., discrimination by income for universities and by age for air transportation services) than in the sale of manufactured goods. Why do you think this is so?
Application of Nash Equilibrium and Game Theory with examples
Matt and Johnny both purchase pop and chips at the same convenience store. They have different tastes for pop and chips, so Matt buys 3 cans of pop and 10 bags of chips whereas Johnny buys 15 cans of pop and 2 bags of chips.
The table shows the maximum annual output combinations of wheat and aluminum that can be produced. Which of the following choices would represent a possible trade based upon specialization and comparative advantage.
Elucidate the mechanisms through which improvements in population health can lead to improvements in income levels.
Illustrate what interest it should be used in project analysis calculations.
Explain how does the availability of substitutes affect purchasing decisions.
The cost of the concert ticket is $50. What is the opportunity cost of Tammie's trip to the concert and the monthly productivity of two workers is as follow: Alex 300 Pants & 100 bikes and Joel 100 pants & 50 bikes.
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
Do you think the argument against redistributing income through income taxes based on reducing economic efficiency is a strong one. Provide an example where a business did not expand because the possible taxes on the profits due to that expansion.
Many observers believe that the levels of pollutionin our society are too high. Economists argue that appropriate correctivetaxes or tradable pollution rights will resultin efficient pollution reduction. How dothese approaches target the firms that..
Maker an article or current event article which relates to government regulations or antitrust activities.
Explain how could you use the concepts of marginal cost and marginal revenue to maximize profit? What information do you need to determine this.
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