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In order for third-degree discrimination to be possible, which of the following features is not required?
market power
prevention of resale
customers with different demand curves
identification of each customer's demand before purchase
Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $28,000 a year and Famil..
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. How much labor does he employ if the price of each pizza is p = $12 and the hourly wage is w0 = $6? [Hint: In this case, i..
q1. suppose that the government chooses conscription i.e. government services the representative consumer to supply
Suppose that this year the money supply is $500 billion, nominal GDP is $10 trillion, and Real GDP is $5trillion. All underlying work must be shown to receive full credit. What is the price level this year? What will happen to nominal GDP and the pri..
If the cross-price elasticity between two goods is 1.5, the goods are ____________.
In a post of between 150 and 250 words, respond to the following discussion: First, start with a very brief summary of the origins of sociology as a field of study discussed in Chapter 1. Now, consider the sociologists discussed in your textbook on p..
A friend wants your advice. His aunt recently left him $100,000 that he must invest in one or both of two different corporations. The current price per share of each is $100. If your friend buys 1000 shares of the first corporation, what will be the ..
Explain in what circumstances the relationship between interest rates and investment will be direct and in what circumstances it will be inverse.
At what level must be a ceiling price imposed upon the monopolist's market to cause the monopolist to supply the efficient quantity supplied?
Illustrate what does such a combination mean to this economy. Explain in detail being sure to discuss such a combination relative to resource utilization and efficiency.
PiR8 Systems has borrowed a sum of $2.5M from a bank at interest rate of 4.5%. The company also borrowed $0.5M from other sources at a interest rate of 4%. Additionally the owners have invested $2.5M in the business with the intention of earning 15% ..
The degrees of freedom are used to determine the critical z-score for the normal distribution when calculating a confidence interval. The alternative hypothesis, denoted by H1, represents the opposite of the null hypothesis and is believed to be true..
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