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Question 1) Compare the quantity and price of an oligopoly to those of a competitive market.
Question 2) Consider a cartel in which each firm has identical and constant marginal costs. If the cartel maximizes total industry profits, what does this imply about the division of output between the firms?
Question 3) How is peak-load pricing a form of price discrimination? Can it make consumers better off? Give an example.
Question 4) What is price discrimination. What are its types and how it affects production and prices?
Question 5) Distinguish between marginal pricing and cost-plus pricing.
Discuss the advantages and the disadvantages of the market structure and translate them as strengths and opportunities for the company.
Opportunity cost – faced by any company or country or government in choosing something and leaving other alternates For example – delay in setting up broad band in Australia or not building up infrastructure like high speed rail, roads, housing or po..
Each day, the Wall Street Journal high- lights a key interest rate in a graph in the left column of the first page of the Money and Investing section. Compare the graphs over several days and you will see the movements in rates for different secur..
How do the principles of managed care influence business of health care? How health care is different from typical business market with a more tangible product?
Two spacecraft are in the same elliptical earth orbit with perigee radius 8000 km and apogee radius 13,000 km. Spacecraft 1 is at perigee and spacecraft 2 is 300 ahead. Calculate the total delta-v required for spacecraft 1 to intercept and rendez..
Monetary policy is carried out by the Federal Reserve. Describe how they use the three tools, reserve requirement, open market operations (Fed. Fund rates) and Discount Rates. Be sure to explain the players involved in each tool, the benefits of e..
maren has the utilityfunction uc1c2c1ac21-a where 01 maren has income m1 and m2 in respectively periode 1 and periode
To reduce adverse selection, firms signal high quality with expensive advertising. What are the necessary characteristics of an effective signal?
Explain in economics terms why private firms would not run a lighthouse
1. How much is it producing ?2. Use di¤erentials to approximate its new output when x1 increases to 27:1, x2 decreases to 15:7 and x3 remains the same.3. Use your calculator to compare your answer in part 2: with the actual output.
More than 840 million people in the world suffer from chronic hunger and malnutrition; approximately 800 million of these people live in developing countries. Discuss three common hypotheses used to explain widespread malnourishment.
The required reserve ratio is 10%. River Forest Bank has $100,00 in deposits and $20000 in reserves. What is the money multiplier?
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