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1. How does the introduction of cognition into a consumer's choice among healthy and unhealthy food affect marginal utility per dollar and the quantity of healthy and unhealthy food consumed? Suppose utility is maximized.
2. When an electronics company advertises on the local newspaper a 10 percent discount coupon, is this an example of price discrimination? Why or why not?
3. Explain how if a price-fixing game is repeated over and over, the cooperative outcome might be attained.
4. Describe what would happen to the equilibrium price and quantity of oranges if the supply of oranges increased while the demand for oranges decreased.
5. Will a price ceiling always result in a reduction in efficiency?
Describe benefit and cost externalities. List the reasons for lack of optimal allocation of resources in each case. Explain the need for government intervention in case of market failure due to externalities. Explain why government intervention may n..
Briefly explain whether each of the following is primarily a microeconomic issue or a macroeconomic issue. a. The effect of higher cigarette taxes on the quantity of cigarettes sold
suppose that sony is a monopolist in the market for games consoles having been the first company to develop a console.
How much would this competitive firm produce and sell when the price of the good is $3 and what would be the total profit (total revenues minus total cost) made by the firm if the price of the good is $3?
Assume The Big Enchilada Restaraunt has been offered a 1 year binding lease agreement for $5200/mth on an attractive site. Before the lease is signed, what is the incremental cost per month?
nbsp1. southwest airlines is adding 100 million a year in new fees. under new rules customers only get a partial
What are some of the ways these curves shift and what is the corresponding change to the point of equilibrium?
The manager of a coporate division faces the possibility of an audit every year. She prefers to spend time preparing if she will be audited; other wise, she would prefer to invest her time elsewhere. The auditor, who gets recognized for uncovering..
Changes in inflation expectations and required real yields occurred?
Evaluate the MU in the utility functions
1. you are given the following information about the costs of a perfectly competitive
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units.
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