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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.
Statistical technique used to estimate economic variable Some statistical techniques are used to estimate economic variables of interest to a manager. In a number of cases, sta
Meaning The word inflation has at least four meanings. A persistent rise in the general level of prices, or alternatively a persistent falls in the value of money.
A firm producing hockey sticks has a production function given by X = 2 KL In the short-run, the firm's amount of capital equipment is fixed at K = 1000. The rental rate fo
Transitional unemployment Transitional unemployment is that situation which prevails due to some temporary reasons. The main reason for this type of unemployment are:
Market demand and consumers surplus Suppose that the market price of a cup of coffee is K£4 but the consumer was willing to pay £9 for the first unit, £8 for the second, £7 fo
when the data is descrete and incremental changes is measurable, what is it?
a) What do you understand by equilibrium National Income and to what extent is economic growth beneficial to an economy? b) Explain using both diagrams and mathematical tools,
Economics contributes a great deal with towards the performance of managerial duties and responsibilities. Just as biology donates to the medical profession and physics of engineer
"A budget deficit that is only temporary cannot be the source of inflation." Is this statement true, false, or uncertain? Describe your answer.
Green Shield Insurance gives NEMO Corporation with coverage for prescriptions, dental work, and extended health services. Every subscriber uses $435 worth of dental services per ye
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