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Natural Monopoly: Privatization and Regulatory Policies
Think about a firm that has been a state-owned, natural monopoly. If it is privatized, what kind of regulatory policies could the government follow, and what impact might they have on the firm?
Elucidate what impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run.
Estimate total revenue function and the marginal revenue function with just this information.
a powerful leading indicator of overall future economic activity. Elucidate why is it a more meaningful indictor than housing starts.
Utilizing the economists model of individual choice comparing the marginal costs and marginal benefits of a choice.
Illustrate what has happened to the value of the real exchange rate over time. What is the significance of this change in value.
If your payroll (budget) is increased to $120,000, what should you do to maximize the number of customers served?
Coimpute how much the shortage or surplus is if there is any.
Illustrate what role does economics play in your personal and organizations decisions. Give an example of the role of economics in decision making.
Show the effect that reducing protection on imports will have on factor prices. Show the effect of reducing protection will have on factor prices.
Find out the optional number of units to put in a package. How much should the firm charge for this package?
Create another diagram; once again start from an initial macroeconomic equilibrium. Explain both the SR and LR impact of a contractionary AS shock on Y. Use the appropriate diagrams and provide a brief real world example of this type of shock.
Illustrate what would happen if the government intervened and lowered the maximum price that could be charged for this service or good. How would this change the output and price.
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