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Microeconomy
300 MLA, Discuss the pricing policy of price discrimination. Provide the economic reasoning for movie theaters, airlines, and many other businesses to charge customers different prices based on time of the day, age, and purchase dates. Why?
Provide an example of a price discrimination for a good or service that you thought it to unfair. Do you still believe that the discrimination is unjustifiable?
Suppose two world leaders "Nikita" and "Margaret" are engaged in an arms race and face the decision whether or not to build a missile. The payoffs of Nikita and Margaret are as follows: If both build a missile, both receive the payoff -10. If both ..
Draw the probable 'production possibilities curve for an economy which produces 'Capital' goods and 'Consumer' goods. Assuming that the Economy is producing approximately twice the level of customer goods as opened to Capital goods, indentify this pr..
Price ceilings have been used to help renters in expensive areas by keeping rents artificially low. Though this helps some renters, there are costs associated with this practice too.An increased emphasis on informal connections in allocating apartmen..
Taking measurements of the slope of a curve at three points farther and farther to the right along the horizontal axis, the slope of the curve changes from -0.3, to -0.8, to -2.5, measured by the point method. Draw a schematic diagram of thi..
Outline the significant factors that could cause changes in supply and demand for the product. Determine the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of..
According to economic theory, under what circumstances should a government intervene in issues of climate change?
Describe the method of contingent valuation for measuring the economic impact of crime. What are the advantages and disadvantages of this method relative to trying to measure the cost of crime directly
What share will be paid by the consumer in the long run? How about the short run? Provide some intuition for why these are different.
The average inflation in India in 2010 reached 12.1%. During the same period, government deficits became large and interest rates increased. Most economists expected India's growth to slow.
if the worker earned 12.00 hr. in 1990 and 18.00 in 2000 then who would have a higher nominal income and a higher real
Efficiency wage models are sometimes used to explain the existence of involuntary unemployment in the labour market. Provide a short description of the shirking model. Why can it be in a firm's interest to increase the wage above what is paid by o..
Draw a graph of aggregate demand, indicating the values of the vertical and horizontal intercepts (that is, the value of P at which Q=0, and the value of Q at which P=0). It should be clear to you that this demand is the vertical summation of indi..
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