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Explain why profits and output will be higher for a discriminating monopoly as compared to non-discriminating monopoly.
The private marginal benefit for commodity X is given by 50-5 X , where X is the number of units consumed. The private marginal cost of producing X is constant at $10. For each unit of X produced, an external benefit of $5 is imposed on membe..
Use the economic way of thinking to answer three of the following four questions. Be sure to answer each in at least two complete sentences. Provide page references to CSE and other learning materials when appropriate. What impact will a higher minim..
Two alternative investment proposals are under consideration for a vacant owner by Urban Development Corporation. Plan A would require an immediate investment of $120,000 and first-year expenditure for property taxes, maintenance, and insurance of $4..
Suppose an economy has the following production function, Y=K^1/3 (AL)^2/3. Furthermore, suppose that that the growth rate of capital is 3%, the growth rate of the population is 4% and the growth rate of technology is 2%. Derive the equation for the ..
What is a political system? Are certain political systems, like democracies, essential for sustained economic progress? What do you think? Please provide at least one citation/reference to support your argument
In terms of maximizing total revenue, defend or counter the decision of the store, Manor, to lower prices on mobile air-conditioning units from 650 CHF to 300 CHF during the hottest week of 2010 (argument should make use of the concept of elasticity)..
Elucidate is the efficient yearly output of paper and how can this be achieved.
Let’s say that there are 25 firms in a (perfectly competitive) market each with an inverse short-run supply curve of P = 1.25q + 12.5. If the market demand curve equals Q= 750 - 30P, what is equilibrium price and quantity, and how much does each indi..
You’ve recently learned that the company where you work is being sold for $550,000. The company’s income statement indicates current profits of $24,000, which have yet to be paid out as dividends. Assuming the company will remain a “going concern” in..
Write a query to show country wise number of customers and number of orders: Run the query: SELECT count(a.customerid), count(b.orderid),a.country from Customers a inner join Orders b on a.customerid = b.customerid group by a.country
Advanced Electronics (AE) is a computer chip manufacturer. It has monthly fixed costs of $4,000,000. Its marginal costs are $1.00 per chip. What happens if sales fall by 20% from 3,000,000 to 2.400.000 chips per month? What happens to average fixed c..
Compare and contrast the impact of three of these "big events" of the twentieth century for North American business and economics: Mexican Revolution Great Depression Second World War
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