Reference no: EM13218559
1) In the short run what is the similarity in relation to profits in a monopoly and a monopolistic competitive market? Is there a difference in the long run? Explain
2) Explain why monopolies such as the lone movie theater in a town practice price discrimination by having two sets of prices. Use a graph(s) to illustrate your answer
3) Describe the difference between the specialist, market maker and electronic system for trading stocks. What are the benefits and detriments of each system? How is the difference between the real estate market and the financial markets reflected in transaction costs? Explain why this difference occurs.
4) Explain why there is advertising in a monopolistically competitive market and not in other markets. Include a graph. What are the economic advantages and disadvantages of advertising?
5) Explain the differences in the characteristics of a monopolistic competitive market from a monopoly and a perfectly competitive market.
6) A firm in a competitive market is losing money in the short run. What factors do they need to take into consideration when deciding whether to stay in business or close? What does the term sunk cost refer to?
7) In a competitive market in the long run there is equilibrium at the intersection of the P/MR/AR curve, the MC curve and the ATC curve. Explain why this occurs. Does the firm make a profit at this point?
8) What is the difference between economic and accounting profit? Why is it significant on the study of economics?
9) When a company goes from a private corporation to a public corporation it does an IPO. What does IPO stand for? What are the primary and secondary markets for stocks?
10) Monopolies are considered illegal in the U.S. so why do we have natural monopolies and government created monopolies? Explain each of these types of monopolies and why do they exist.
|
Explain barium nitrate is mixed with potassium carbonate
: How many grams of precipitate are formed if 0.27 grams of barium nitrate is mixed with 0.2 L of 0.8 M potassium carbonate?
|
|
Calculate how much cash would sellers receive from selling
: suppose that the professor imposes a price floor of $15 per book. Sellers are pleased because they think that they will be able to get more money this way. How to calculate how much cash would the sellers receive from selling their books now
|
|
Estimate how much people were at the event
: These sections had about 1000 people. There were 10 of these sections in the picture. The other 10 sections had people standing further apart. These sections contained about 500 people each. How many people would you estimate were at the event?
|
|
Professional development plan
: A Project Manager may manage his professional development plan. When managing his professional development plan, the project manager may also manage his profile.
|
|
What are the benefits and detriments of each system
: Describe the difference between the specialist, market maker and electronic system for trading stocks. What are the benefits and detriments of each system How is the difference between the real estate market and the financial markets reflected in ..
|
|
Determine the impact of the proposed govt policy on business
: Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage interest payments. A Typical consumer's marginal tax rate is 25% and the elasticity of demand for new homes is -1.5..
|
|
Calculate change in consumer surplus and producer surplus
: A small nation permits free trade in good X. At the good's free-trade price of $8, domestic firms supply 6 million units and imports account for 4 million units. Recently the small country has ereted trade barriers with the result that imports hav..
|
|
Find the probability that receiver makes a decoding error
: The receiver takes the three received bits and decides which bit was sent by taking the majority vote of the three bits. Find the probability that the receiver makes a decoding error.
|
|
Calculate the number of calls
: i) Calculate the number of calls/hour/cell and the number of calls/hours/km2 ii) Calculate the number of users/hour/cell and the number of users/hours/channel iii) Find the modulation frequency for this system.
|