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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.
Singapore Airlines is facing the possibility of a new competitor " Qantas " to enter the Singaporean market, especially in premium market, Singapore Airlines is dominant on the ma
Question: (a) As an advisor to government as well as that to a firm how will you make use of your knowledge on price elasticity of demand, income elasticity and cross price ela
Is Indian companies running a risk by not giving attention to cost cutting?n..
when firm can achieve optimization
Objectives of ICAs Most schemes have as their main objective to stabilize and/or increase the world price of commodity, producers' incomes, foreign exchange earnings of export
1. What kind of market structure is involved for the sale of medicines and vitamins? 2. What can be said about barriers to entry in this market? 3. Might there be a change in mar
Real and nominal wages Wages are wanted only for what they will buy, real wages being wages in terms of the goods and services that can be bought with them. Nominal wages
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the caseabove.
Assume that input prices are constant at r = 1, w = 1, with technology which consists of 5 processes having the following properties: Process Inputs Capital (machine hours)
Define the shift in demand curve To put it differently, demand for a commodity means entire demand schedule that demonstrates the varying amounts of goods purchased at alternat
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