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Q1. A hearing is scheduled for your company to present arguments that your firm has not increased its market power through this merger. Can you do this? Explain how? What evidence might you bring to the hearing?
Q2. Do technological advancements cause unemployment in the economy?
Q3. Using the concept of price elasticity explain why the price of basic commodities has to be regulated in price rise
Q4. . Explain, using the prisoners' dilemma analysis, why cooperation can be equally valuable but if conditions prevent cooperation or collusion from happening, the outcome is worse for both parties.
Suppose you have two goods, ice cream and macaroni(an inferior good to most people). show graphically what would happens when the price of the ice cream decreases and income increases.
Suppose that your production facility can only produce 1,000,000 pills per year. Illustrate what is your optimal price and quantity given the production constraint.
Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.
Explain how does one construct a linear (or other mathematical program) to solve a competitive or walrasian equilibrium problem.
Elucidate whether each of the following events shifts the short-run aggregate-supply curve, teh aggregate-demand curve, both, or neither.
Illustrate what is her MPC (Marginal Propensity to Consume) in this case.
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
q. in this problem we consider the differences between the competitive monopoly and cournot equilibria under the same
evaluate a plan designed to cut costs. Under plan, workers would be paid a fixed rate of $8/hour. Would you favour plan, Explain.
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
Assume which the market for avocados is perfectly competitive. The typical agribusiness firm is earning positive economic profit in the short-run equilibrium.
Suppose the government decides to increase taxes by $50billion and to increase transfer payments by $50 billion. Illustrate what effect would there be on aggregate demand.
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