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a) Explain the conditions under which a monopolist is able to price discriminate.
b) Demonstrate the relationship between a firm's marginal revenue function and its relationship to the price elasticity of demand.
c) Demonstrate the relationship between a firm's pricing policy and the price elasticity of demand.
what are tne methots of demand forecasting ?
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Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
The market demand for brand X has been estimated as Qx=1500-3Px-0.05I-2.5Py+7.5Pz Where Px is the price of brand X, I is per-capita income, Py IS the price of brand Y, and Pz is th
Problem 1: (a) Explain the meaning of poverty. Briefly explain how poverty is measured? (b) Clearly explain the relationship between Poverty, Inequality and Economic Growt
Ask questi‘Social welfare functions embody a normative conception of the relative importance of equity and efficiency’. With the aid of diagrams, illustrate and explain this propos
how can draw the table and diagram of production function function with one veriable
THE WORLD BANK: The World Bank is another of the 'Brettonwoods Twin Sisters'. The World Bank, as it obtains presently, is an umbrella organisation, under which five different
Ask qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the equili
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
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