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A monopolist has a TC function TC = y2 + 20y. If the demand for the good is P = -8Q + 200. Show using specific numbers that the firm can make a higher profit using some type of price discrimination rather than charging everyone the same price.
If the customer surplus is small, does it mean that the demand will be greater for regulation or the supply will be smaller for regulation.
A new tennis court complex is planned. Both alternatives will last 18 years, and the interest rate is 7%. Use present worth analysis to determine which should be selected.
How does the market adjust in the long run when firms are earning short-run economic profits? How does this affect the short-run supply curve?
Create an argument for or against the following statement: "Individuals who are economically less fortunate should be allowed access to software free of charge in order to ensure, that they are provided with an equal technological advantage."
Assume that the economic news is not good and businesses become pessimistic about the future. How would this change in attitude affect the investment demand curve and the impact on real GDP.
What is the Program Manager (PM) role regarding acquisition T&E? Additionally, what are some PM responsibilities? Why is it so important to have an Acquisition Program Baseline (APB) and baseline documentation?
Why do you think the FED evaluates the money multiplier when making decisions with regard to the money supply What function does the money supply serve in our economy to influence certain economic variables
Select an economy that initially has a labor force of 2000 employees. Of these employees, 1900 are employed and each works forty hours per week. Ten units of output are produced by each hour of labor.
A friend is explaining how supply and demand works using McDonald's hamburgers as an example. You question his examples, saying that the assumption that there must be many sellers and buyers is not true in the case of McDonald's
a. Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if I(g) changes to 10? What does this outcome reveal about the size of the multiplier?
Estimate the relationship among inflation and unemployment.
Assume that gross national debt is equal to $3million and the federal government then runs a deficit of $300 billion. what is the new level of gross national debt.
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