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Q1. A monopoly with constant marginal costs of $50 can sell to three groups of potential consumers, with demands Q1 = 800 - 0.2p, Q2 = 400 - p, and Q3 = 700 - 0.4p respectively. Find the optimal price- quantity combination in each market
(i) if the firm is able to price-discriminate;
(ii) if it is not able to price-discriminate.
Q2. What are the strengths and weaknesses of the measure of welfare used by many economists: consumer welfare plus producer surplus?
Assume that the marginal product of labor is: MP=100-L, L is the number of workers hired. You can sell the product in the marketplace for $50 per unit, the wage rate for labor is $100. How many workers should I hire.
bavarian crystal works designs moreover manufactures lead crystal wine decanters for export to international
Provide a succinct statement regarding the value of the article. III. What new ideas or amplification of existing ideas emerged as a result of reading the article?
The production function is Q = L^0.25*K^0.25 and the respective unit input prices for L and K are w=4 and r=9. Derive the long-run least cost as a function of Q, and derive the marginal cost and average cost to characterize the shape of the total ..
Assume some pencil workers switch to jobs in the growing computer industry
Use the principles of supply and demand to address a predetermined goal (set by the student) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
q1. tetrangle manufacturing has fixed costs of 2160 per day. the firm manufactures bicycle component upgrade kits. the
Illustrate what money supply should the Bank of Canada set next year if it wants inflation of 10 percent.
If Starbucks introduces the world to premium blends, and demand rises substantially, illustrate what will happen in this market as it moves to a new equilibrium.
It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons.
Assume that you live in a simple economy in which only three goods are produced and traded.
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