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Consider a monopoly firm. This firm faces two seperate consumer groups and engages in price discrimination, i.e. charges different prices to these two groups. An economist claims that the monopoly can charge a higher price to the group with a lower own price elasticity of demand. Why does the economist think that? Explain this economist's reasoning. (Hint: You may want to refer to the rule of thumb for pricing (mark-up pricing) to answer this question.)
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Discuss the following - What feature(s) of Medicare would cause an economist to say that "Medicare stinks as insurance"?
Given the current state of energy use, which continues to grow exponentially in such countries as China and India, what measures can the United States and other Western countries take to produce more fuel-efficient
EVA Versus Economic Profit The primary difference between the EVA and economic profit measures is the increased focus on cash flow by EVA.
suppose the equation for the demand curve for some product x is p 8 - .6q and the supply curve is p 2 .4q. what are
Compare the same car (or very similar cars) when purchased or leased. Create a table that shows the cost to get into the car, monthly payments, total cost, end result (added fees, car equity, etc.) for both purchasing and leasing.
Draw the market supply and demand curves. What are the efficient price and efficient quantity
The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work
Find the company annual report from SEC.gov or the investor relations section of the company's website.
The purpose of advertising & other forms of non-price competition by a firm is to shift the Demand curve to the Right or Left.
If the nominal GDP is $559 billion in the base year, and it rises to 577 in year 1, and 605 in year 2, what is the real GDP in each year, given that the price index has risen from 100 in the base year to 104.5 in Year 1 and up to 108.3 in Year 2?
Did you and your teammates make the best decisions in the situations you discussed? What other options did you have in these situations. Were these decisions ethical as well as legal?
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