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1. First-time subscribers to the Economist pay a lower rate than repeat subscribers. Is this a case of price discrimination? If so, of what type?
2. Supermarkets frequently issue coupons that entitle consumers to a discount in selected products. Is this a form of price discrimination? What type? Empirical evidence suggests that paper towels are significantly more expensive in markets offering coupons than in markets without coupons. Is this consistent with your previous answer about price discrimination?
A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results.
As a practice for working with two constraints, find x and y that solve the following problem: Max x*y s.t. 2x+2y
Let C be total consumption expenditures of a family, and S the size of the family. Formulate an econometric model that the marginal effect of family size on consumption is a constant. What is the expected sign of the relevant coefficient? What are th..
The legislative branch of the American government is bicameral. In a minimum of at least two well-written paragraphs, define and discuss the advantages of a bicameral legislature, including how and why this came about. Reference should be made to the..
Among the families you know, how many work for companies that provide goods or services for capital formation—that is, for investment purposes rather than for consumption?
Determine the level of output of each commodity at which the firm maximizes its total profit
Asuming that the market price is 166 and that the marginal revenue (MR) is also 166 (it is constant at all output levels), What is the profit maximixing level of output produced?
In September 2012, the New York City Board of Health approved Mayor Michael Bloomberg's proposal to ban the sale of large sugary drinks in restaurants and other venues in an attempt to reduce obesity and promote more healthful living. How do you thin..
The use of an international product structure. Knowledge that an individual has but that is difficult to express clearly in words, pictures, or formulae, and therefore difficult to transmit to others is known as.
Calculate Kabletown's total market demand. Find Kabletown's profit-maximizing price, quantity sold in each market, and total profits.
Is an editor practicing a price discrimination by Charging more for hardcover books than paperback books because the cost of producing hardcover books is higher
What is the quantity theory of money? Is it only affects the economy in the long run? why?
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