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Identify the exclusionary pricing practices and why and when they are prohibited by the Competition Act. What are the economics rationale and efficiency effect of these strategies?
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
They found that the price elasticity of demand (EP) is -4, the income elasticity of demand (EI) is 2, the cross-price elasticity of demand (EYK) with respect to the price of the King yoghurt is 1.5, the cross-price elasticity of demand with respec..
The Credit Company offers to loan a college student $6300 for school expenses. Repayment of the loan will be in monthly installments of $266.73 for 30 months. What nominal interest rate is being charged on this loan? The nominal interest rate that is..
To what extent does educational planning in the policy decision ought to be guided by economic considerations
Suppose a firm is producing 1,000 units of output (Q). Its average fixed costs are $50. Its average variable costs are $25. What is the total cost (TC) of producing 1,000 units of output (Q)? It the price (P) of the good is $100, what is total rev..
Consider the first price auction. Write down the payoff matrix also find all Nash equilibrium
Explain how much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 1 percent.
What are the market equilibrium price and quantity? What is the effect of a price ceiling of 16? What is the effect of a price floor of 24? What would happen (compared to 3a above) to the market equilibrium price and quantity, to the demand curve, an..
Consider the market for luxury yachts. The following graph shows the demand and supply for luxury yachts before the government imposes any taxes.
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
What are the short-run equilibrium values of the price level, expected price level, output, and unemployment rate. Illustrate what are the values of cyclical unemployment and unanticipated inflation.
Suppose that we are testing whether five population means are equal to each other. We would normally use ANOVA for that, but suppose that we carry out separate hypothesis tests in which we compare the five means to each other, two at a time. Using a ..
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