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Use the graph below to answer the following questions:
a. Calculate the firm's profit if it is a single-price monopoly:
b. Calculate the firm's profit if it is a perfect price discrimination monopolist:
c. Calculate the firm's profit if it price discriminates as follows: Sell the first 200 units at a high price and the rest of the units at a low price: (hint, what is the maximum number of units they are willing to sell? Price is determined from the demand curve). Profit = 90
d. Calculate the firm's profit if it price discriminates as follows: Sell the first 100 units at a high price, the next 100 units at a medium price, and the rest of the units at a low price: (hint, what is the maximum number of units they are willing to sell? Price is determined from the demand curve)
What are the marginal costs in terms of labor
"Some economists worry that the aging populations of industrial countries are going to start running down their savings just when the investment appetite of emerging economies is growing" (The Economist, May 6, 1995)
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assume that the federal reserve the fed unexpectedly shifts to restrictive monetary policy. why would the fed make such
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In the short run, competition sometimes leads to inefficiency in the operation of our economic system. Many people argue for monopoly in order to eliminate ties inefficiency. Discuss this solution.
The transactions demand for money is most closely linked to money's function as a:
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