The nature of microeconomics, what is the nature of microeconomics?

what is the nature of microeconomics?

Money demand function, what are the values of real money supply and the cur...

what are the values of real money supply and the current price level

Describe theory of purchasing power parity, Question 1: (a) Using examp...

Question 1: (a) Using examples, explain how the theory of Purchasing Power Parity conforms to the Law of One Price. (b) According to you, how best does the Theory of Purchasing

Measuring economies of scale in long run, Economies and Diseconomies of Sca...

Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the

The lower the value MR of monopolist ,

Determine optimal price, Determine Optimal Price, Quantity and Economic Pro...

Determine Optimal Price, Quantity and Economic Profit A firm has a demand function P = 200 – 5Q and cost function:  AC=MC=10 and a potential entrant has a cost function: AC=MC

Positive and negative externalities, Problem 1: Health insurance leads ...

Problem 1: Health insurance leads to health promotion. Using diagrams, describe the impact of health insurance on the demand for health care. (a) Distinguish between negati

Why does a monopoly have no supply curve, Why does a monopoly have no suppl...

Why does a monopoly have no supply curve?  A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity togeth

Economics of Information and Uncertainty Problem Set, 1. Consider a world w...

1. Consider a world with two assets: a riskless asset paying a zero interest rate, and a risky asset whose return r can take values +10% or –8% with equal probability. An individua

Williamson''s model, williomson''s model of managerial discretion

williomson''s model of managerial discretion