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Question:
Discuss the pricing practices adopted by firms under different market structures.
OR
A firm produces a good, which is sold on delivery and in restaurants. The demand curve function for consumers on delivery and in restaurants are, respectively,
Delivery: Q1 = 250 - 10P1 Restaurants: Q2 = 500 - 25P2 The firm's total cost function (TC) is: TC = 200 + 5Q
Calculate the output and price in each market and profit of the firm:
(i) in the absence of price discrimination;
(ii) when there is price discrimination;
(iii) Under what conditions price discrimination can be practiced?
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
Interaction of supply and demand, equilibrium price and quantity In perfectly competitive markets the market price is determined by the interaction of the forces of demand and
a) A country should always protect its domestic industries. Discuss. b) To what extent can a country actually rely on the principle of Comparative Advantage before engaging
The Barcelona Football Club is considering the signing of a player of international fame. The problem is that the player has a reputation for having a weak knee. The probability th
demand function is q=4850 - 5p(1) + 1.5p(2) + 0.1 Y WHEN Y=10000 p(1)=200 p(2)= 100 find income elasticity of demand for p(1)
INTERNATIONAL FINANCIAL INSTITUTIONS In July 1944, a conference took place at Bretton Woods in New Hampshire to try to establish the pattern of post-war international monetary
explain the law of demand. briefly discuss the exception to the law of demand
Q. What is Production Isoquant? An isoquant demonstrates all those combinations of factors that produce the same level of output. An isoquant is also called as equal product cu
'' monopoly is good for consumer welfare" is this crrect
Question 1: (a) Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. (b) According to you, which kind of economic system is most d
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