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Question 1. Why are AR and MR curves downward sloping in monopolistic completion?
Question 2. What are the two objectives of practicing price discrimination?
Question 3. Give two examples of oligopoly firms in Oman.What is meant by 'strategic interdependence' in Oligopoly?
Question 4 Write short answers:i) Rule for entry and exit of firms in a marketii) Normal profit in a perfectly competitive market i
iii) Two negative externalities visible in Oman
Question 5 Differentiate between different market forms studied by you. Give any three differences.
Question 6. Study the diagram below and answer the questions.
a) Name the market form.b) Mention any two characteristics of this market form.c) Why is Price, Average revenue (AR) and Marginal revenue (MR) equal?d) What is the level of profit being earned in the diagram?
4. For many corporations such as utility companies, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?
The city governments of Anaheim and Los Angeles are each constructing packages to attract a National Football League team to locate in one of them.
How lean thinking has been or could be strategically applied to reduce waste in this company. Don't forget to consider supply chain issues in your discussion.
You manage a department store in Florida, and one winter day you read in the newspaper that orange juice futures have fallen dramatically in price.
In the UK, the rise of the discount supermarket Aldi has attracted more customers, sales and market share in recent years, and is seen as a major disrupting
a firm has the opportunity to invest in a project having an initial outlay of 20000. net cash inflows before
Consider the technology represented by y (x1)04 (x2)0.6 The marginal products are MPI 0.4/xi and MP2 0.6/x2. We now consider the problem of cost minimization.
demand and supply curves for cigarettes are given byqd frac128p12 and qs 4p2where p is the price of cigarettes in
Find the t value for 5, 2.5, and 0.5% of the area within each tail for a sample size, n, that is very large or in?nite. How do these t values compare with their corresponding z values?
How do you interpret the two regressions? What is the author assuming in going from Eq. (1) to (2)? Was he worried about heteroscedasticity? How do you know?
Reflect upon the ethical requirements imposed on businesses by the law and society. Sarbanes Oxley was enacted in response to widespread ethics violations. Do publicly traded companies owe ethical duties to their investors beyond making a profit
The figure shows the market for a group of workers who are discriminated against. Suppose that other workers in the same industry are not discriminated against.
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