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You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1's elasticity of demand is -4 while group 2's is -6. Your marginal cost of producing the product is 50.
A determine your optimal markups and prices under third degree price discrimination.
What nation did you choose and why does this county interest you. What are some facts about this country.
Assume that the following information about the economy is correct. The potential GDP is 3 percent. Real GDP has fallen at a minus two percent rate in the last 12 months.
Using the exchange rates and prices in the tables above:
The extensive application of protective tariffs destroys the ability of the international marketplace system to allocate resources efficiently.
If the CPI went from 106 to 111 during the past year, Illustrate what was the rate of inflation.
Collect an article from an Australian newspaper that relates to the current Australian macro-economy or a macroeconomic issue or problem. In a paragraph indicate which section of the course it applies to, why you selected the article and provide a br..
Also address the impact of real GDP, the unemployment rate, and the inflation rate as measured by the consumer price index (CPI).
Explain how would you classify the product in terms of it's income elasticity.
The airline has an average of 40 passengers paying an average of $200 for this flight. Do you think the airline should be flying between the two cities? Evaluate from a short-run and long-run perspective.
Assume that demand for oranges is given by the following Equations, with quantity measured in oranges a day and price measured in dollars per orange.
The Mineola Company hires a consultant to determine the relationship between its profits and its output. The consultant reports that the relationship is
Elucidate entity establishes a price ceiling also does it require government sanction for violators
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