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A monopolist has a TC function TC = y2 + 20y. If the demand for the good is P = -8Q + 200. Show using specific numbers that the firm can make a higher profit using some type of price discrimination rather than charging everyone the same price.
Other things being equal, a rise in a country's terms of trade increases its welfare. What would happen if we relax the ceteris paribus assumption, and allow for the law of demand to operate internationally
The New Jersey dealer said he thought the NFP policy was illegal Why might Mercedes NFP policy be illegal? Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy?
Put together data on the U.S. real interest rate for 1970-1976, a period that includes the ?rst OPEC oil shock. How did the U.S. real interest rate behave?
Mad Max's Road Warriors fix potholes in interstate highways. Max's road crews fill potholes using workers and shovels in 1-to-1 correspondence. A worker with 1 shovel can fill 10 potholes in a day. A worker with 2 shovels can still only fill 10 potho..
Determine which type of regulation is used for each of the a. Preventing a merger that the government believes would lessen competition b. The activities of the Food and Drug Administration c. Regulation of fares charged by a municipal bus company
After Iraq invaded Kuwait, gasoline prices increase dramatically--up to 50 percent. There were many effectrs of the increased price of gasoline.
Define and explain an open and closed system. Provide an example for both. Explain the inner and outer flows of an open and closed system. Define and explain leakages and injections in an open system.
Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through business cycle.
Because of the War of the Ring, the price of a sword went up to $150. Calculate new wage and employment level in each sector. (c) Do Hobbits gain or lose if the price of a sword goes up to $150? (To answer the quest..
The rising stock market implies an increase in wealth, at least as measured on paper. If we assume that some of this increased wealth gets consumed, then the rising stock market fuels an increase in aggregate demand, and may contribute to an inflatio..
a. What is the velocity of money in this economy? b. If output is 1000 units, i is 4 percent and money supply M is $1,200, what is the price level P?
Make a schedule showing total product, average product of labor, and marginal product of labor using a range of labor inputs
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