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Problem 1:
a) Explain what is meant by ‘price discrimination' and what are the different types of price discrimination.
b) Under what conditions is it possible and profitable to go for price discrimination?
c) Explain clearly how the discriminating monopolist attains equilibrium.
Problem 2:
According the latest Central Statistical Office report, Mauritius is facing an estimated unemployment rate of about 9.9%.
a) What are the main causes of unemployment in Mauritius?
b) Critically analyze the policies that the government could adopt to alleviate the unemployment problem in Mauritius.
Let consider the following game among an employer (Katharine) and an employee (Kevin). Katharine needs Kevin to work hard rather than loaf around and that is why she considers spe
Kinds of Bargaining arrangements Basically there are three kinds of bargaining arrangements, namely: Open Shop: In an open shop a union represents its members, but doe
williamson''s model describe
Substitution Effect on law of demand When price of a commodity falls it becomes comparatively cheaper if price of all other related goods, particularly of substitutes, remain c
The following represents the section headers you should consider for your reasoned document. Each section should have (at least) two research citations to support your work :
Economics has two major branches: (1) micro economics, and (2) both micro and macro economics theories. The parts of micro and macro economics that constitute managerial economics
Given a saving function of S = -25 + .2Yd, a $10 billion enhance in government spending will bring about how many dollars of change in consumption?
(a) Describe how commercial banks determine their output, interest rates and profit levels assuming they act as oligopolies. (b) To what extent is the above statement a reality
POPULATION SIZE AND DEMOGRAPHIC TRENDS a. Changes in Population The people of a country are its consumers. They provide the labour force for production. A study of
Suppose that Betsy's utility function is given by the equation U=Y0.3 where Y is calculated in thousands of dollars. Betsy's present job pays her $20,000 (Y=20) per year and she ca
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