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Discussion
Explain a time you encountered non-uniform pricing, or price discrimination. Identify the type of price discrimination it was. Using the criteria necessary for price discrimination, evaluate how well that good fit price discrimination. Finally, evaluate the effect such price discrimination has on you and society.
What are the external effects ( externalities ) and why they can lead to inefficiencies and government intervention in the markets . Why are some government policies to manage external effects effective ( efficient ) while others are inefficient ( in..
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's. What type of mark..
The quantity demand of a good is given by Q = 75 + 0.3m - 10p , where p is the price of this good and m is the consumer's income.
An oversupply of physicians in many urban regions contrasts with continuing problems of access in rural and inner-city areas. Why does the mal-distribution of physicians persist in spite of the number of physicians graduated?
Explain what effect a reduction in the U.S. interest rate would have on the exchange rate?
Using a fully labeled diagram, show the output that a price leading firm would produce if it sought to maximize short-run profit in rivalry with a “competitive fringe” (smaller firms involved in the market). Then show the output it would produce if i..
According to a Wall Street Journal article "MCI, in New Phone War Skirmish, Files Suit over AT&T Ad Claims," MCI was upset with AT&T over allegedly false claims that AT&T's service is cheaper than MCI's. Suppose that the typical consumer is a small b..
What factors might contribute to a low growth rates in a country?
Using Microsoft® Excel® to do your calculations, create a Return on Investment (ROI) analysis comparing the cost of 10 physical servers.
In the Austrian theory of the "pure" rate of interest in a free market, interest rates are a function of
A growing economy means that the economy is producing more also more stuff, either since it has more resources.
Given the utility function U(F,C) = √(FC), and this budget constraint: 100,000 = 4F+40C, Suppose that a person is consuming more F and less C than the utility maximizing bundle. Would the marginal rate of substitution of F for C be greater or less th..
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