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Question: With the aid of diagrams, explain why employer discrimination reduces firms' producer surplus. Explain why this implies that increased competition in product markets shall decrease discrimination in labor markets.
After Jackie works a certain number of hours, she does not receive any benefits at all. What is that number of hours?
Present and discuss two advantages of international trade and two disadvantages of international trade.
government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices.
What are the monopoly output and profits? Why are monopoly profits and collusive profits not the same? Is the collusive agreement in (b) a Nash equilibrium?
A single-product monopoly has marginal revenue and marginal cost equal to $19 at 15 units of output, where the price on the demand curve is $38.
Assume there is a duopoly with the following demand equations Q1=30-P1+P2 and Q2=30-P2+P1. Marginal cost are given as MC1=6, MC2=0. Calculate the Bertrand solution. What are the reaction curves?
What should she charge per bus to maximize her profit? What would her profit be?
Compute the opportunity cost, for producing a single Twinkie and a single cupcake for Jasper and for Jasmine. Jasper can produce.
Met's preferences over consumption is defined by the following utility function: u(c1,c2) = min[c1,2c2] . Note, c1 is Met's consumption today and c2 is Met's consumption next period. Derive Met's demand for consumption today and consumption next peri..
How does the government decide on the amount of pollution to allow? What are the potential costs and benefits associated with the regulation of pollution? What are the potential problems associated with employing outright regulation to deal with poll..
Describe two reasons why education growth may not translate to increases in GDP for a country.
Calculate the percentage decrease in First National? Bank's net worth relative to the total original asset value.
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