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Suppose a monopolist is can price discriminate between two groups of consumers. Group 1 has demand function given by P_1 = 100-2Q_1 and group 2 has demand function given by P_1 = 200-4Q_2. Suppose this monopolist has constant marginal cost of $20 and zero fixed cost. Calculate consumer surplus, producer surplus, and total welfare in this market.
Wages after inflation rise for most Americans by about 3% and for highly skilled workers by 7%. The stock market soars and home prices rise dramatically. If all other things are equal, what is the likely effect on the poverty rate
One argument for giving discretion to central bankers is that sometimes emergencies come along that a simple rule can't solve.
Discuss how this organization has positioned itself based upon its branding. Do not forget to look at photos, text, and other clues.
An energy management system that can save 7,500 per year for four years, expenses are 2,000 per year, installed at a cost of 20,000. At the end of 4 years it is expected to be sold for 1,250. using the end of year convention, the rate of retur..
)Now suppose that some of President's close political advisers are urging him to adjust taxes but not spending. Assuming the same initial level of G (=500), how would you advise the administration to adjust taxes to reach potential GDP?
According to scientific nutritional studies in most nations, income of $1 a day does not provide sufficient food, shelter and clothing to live. Under these situations the medical risk of death is high.
market structure - principles of microeconomicsyou have been hired as a consultant by your local mayor to look at the
The figure shows the market for a group of workers who are discriminated against. Suppose that other workers in the same industry are not discriminated against.
if a country exports agricultural products and imports other kinds of goods but conditions within the country change so
According to the model of intertemporal choice, what are the major factors which determine how much saving an individual will do?
There are three consumers A, B and C. Consumer A is willing to pay 40-.25F dollars for a unit of flowers for the public square, B is willing to pay 75-.25F.
During 1980's the movie Wall Street seemed to accurately capture themes of the day. Michael Douglas starred in movie as Gordon Gecko
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