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Inter-temporal Price Discrimination
Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Ignore the time value of money and compute the optimal pricing scheme of the iPhone. Assume that there are equal numbers of each customer type, and that the MC of the iPhone is $100.
If the money supply increases, show the three different (simple, single variable) responses to the increase. b. What best describes the response to monetary policy in 2013? c. What best describes the response to monetary policy in 1973?
What is your marginal revenue and marginal cost functions? To maximize profits, how much should you produce at plant 1? At plant 2? What is the price that maximizes profits?
Illustrate what price should the theater charge for a ticket if it wants to maximize profit. how big will its profit be. What price would you like to charge.
Think of a business company you recently visited. What motivated producers of all individual iteams in the store to make them and offer them for sale?
Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Describe your answers.
Elucidate how the circular flow diagram also explain the interaction of households, government, and business.
2.Television broadcasts are often given as examples of a public good. However, it is possible to code a broadcast so that only people who pay for the decoder box can view it. The use of a coded signal does what to a television broadcast?
Illustrate what is the economic growth rate equal to. Write down your math calculations. Show to 6 decimal points.
Draw a graph with y on the horizontal axis and Delta L on the vertical axis, showing the relationshipbetween income per capita and population growth in Twilightia. Derive the relationship between population (L) and income per capita (y). (Hint: reme..
You are provided with the subsiquent transactions that took place during a current fiscal year.
Compute the marginal cost and marginal revenue of each unit of output and enter these figures in the table.
Elucidate and distinguish between the concentration ratio and the HHI. What ate the limitations of these measures within the context of the pharmaceutical industry.
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