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b. What is true about the relationship between marginal revenue and marginal costs when profit is the greatest?2. Explain how each of the following is a form of price discrimination:a. a student discount at the movie theater b. long-distance phone service that costs 15 cents per minute for the first 10 minutes and 5 cents per minute after 10 minutesc. a senior citizen breakfast discount at a local restaurantd. coupon discounts on laundry detergent 3.List three ways in which a grocery store might differentiate itself from its competitors. 4.Explain how the joint profit-maximizing price of colluding firms under oligopoly is determined? How about output?
Once the city is deemed to be operating a capacity the reduction of monetary stimulus will be required to maintain a balance between the aggregate suppy and demand of the output to keep infaltion on target in the area. Since aggregate demand is wh..
Compute the marginal rate of substitution of apples for bananas using the marginal utilities. Compute the value of the MRS at (2,4) and at (1, 16).
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply
What is the monopolist's profit-maximizing level of output and what price will the profit-maximizing monopolist charge?
describe the market structure of perfect competition in terms of number of producers, control over price by firms in this market, type of product in terms of differentiation, barriers to entry into this market, and whether economic profit can be..
what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
What is the optimal effluent fee? b. If the cost of pollution control falls by $1 billion at each level of pollution, does this alter your answer to part (a)?
In what ways is state power changing (increasing, decreasing, shifting, diffusing)? and What are the implications of these changes for how we tackle some of the global issues?
The Law of Large Numbers explains why it is unlikely that the actuarially fair premium for an insurance policy will be the same for a small start-up firm
suppose Arnor and Gondor are two very similar countries that started out with identical population, technologies, etc. except that Gondor has a much higher mortality rate due to a more hazardous geographical location.
What is the profit-maximizing price of carpets? What is the maximum amount of profit that the firm can earn selling carpets?
Determining who benefits can be tough for negative events, but it's especially important in order to prevent the unscrupulous from recapitalizing on them. Consider the following events and trends, and determine possible winners and losers from an ..
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