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(a) Why are first and second-degree price discrimination less common than third-degree price discrimination? (b) Are lower airline fares at midweek an example of third-degree price discrimination? (c) Under what conditions would it not be useful to charge different prices in different markets (i.e. practice third-degree price discrimination) even if possible?
Take a current environmental issue such as the Hurricane Katrina in New Orleans and examine it from the scientific, economics, and political perspective.
Gross Domestic Product may accurately be described as
table shows four consumers willingness to pay for a shirt and in what quantities. for example ginger wants to buy two
Calculate the monthly consumer surplus for each group before and after the rate increase. Your boss wants a measure of the losses to each group from the rate increase.
Assume you are a broker at an investment advisory company. You and your client disagree on investment decisions he wants you to make decision on his behalf
Why the story of huge advertising industry could not fit into our model? How can massive advertising disallow people to maximize their utility? And give me one example (by your own)
An inflation shock is a disturbance to the usual behavior of inflation that shifts the IA line. A supply shock is a change in the natural rate of output. Graph the long and short run effects of a positive inflation shock and a negative supply shoc..
Identify specific examples of prominent computer hardware and software technological advances in the industry. Discuss two of the following points and apply that to your example. • What is the effect of new technology on firms in the industry in th..
What is the price per unit of labor?
The monopolist has a constant marginal and average total cost of $50 per unit.than find the monopolist’s profit-maximizing output and price.
a. why might fire extinguishers exhibit positive externalities b. draw a graph of the market for fire extinguishers, labeling the demand cruve, the social-value curve, the supply curve, and the social cost curve.
If your company has a payment of 200 million euros due one year from now, how would you hedge the foreign exchange risk in this payment with 125,000-euro futures contracts?
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