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Under what circumstances would a discriminating monopolist produce more socially optimal quantity than a nondiscriminating monopolist? Is there any situation under which a discriminating monopolist could produce the quantity that would be produced under competition?
Explain your question and receive the step-by-step response ASAP. Describe in detail one factor which makes an industry a competitive industry and provide a real life example of this factor at work.
Assuming that U =0.5, would an hour spent in the labor force searching for a job make the husband better off or worse off? Would the worker continue to be a member of the labor force under these conditions? If not, how would he be ca..
Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand and (2) an increase in supply.
Suppose demand function has changed t0o Qd2 = 14-P. Find the new equilibrium price and quantity?
Discuss how organizational architecture and corporate culture are related. Use an example of a real-life firm and discuss how its corporate culture blends with its organizational architecture.
Mankiw discusses that if federal authorities suppose responsibility, entire financial system might well become a group of government sponsored enterprises.
Let the utility function be U = log(x) - l, where l is labour and x is consumption. Find the level of labour supply if the wage rate w=10.
. In a sample of 300 houses, the sample average price was found to be $196,340. Assume the variance of house prices is 120,000,000. Let random variable X denote house price, and ? denote its unknown population mean, E(X) = ?. For each of the follo..
What type of externalities arise from driving automobiles fueled by gasoline and what is your view on whether the United States should raise the gas tax to the European level and why?
statements that best describes the idea of a “consumption vocabulary."People who have a larger vocabulary consume more .
Constrained optimisation model
Johnston production is the price taker which utilizes this cost structure in the short run:
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