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Question 1:
i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application?
ii) What determines the price elasticity of demand?
iii) How can businesses make use of the concept of cross price elasticity of demand?
iv) Explain using diagrams, how is consumer surplus related to the price elasticity of demand?
Question 2:
i) Elaborate on the different types of unemployment.
ii) Reducing occupational immobility of labour is the only way of decreasing the level of unemployment. Discuss
iii) Comment on the view that ‘GDP is not the best measure to evaluate economic growth and standard of living. Real GDP per capita is a better measure'.
why men and womens indifference curves are different
#question.explain three neccessary condition to achieve pareto efficiency.
Problem: (a) Consider the Classical Linear Regression Model (CLRM) Y i = α + βX i + ε i (i) Using the method of ordinary least squares (OLS), derive an expression for
Define Nash equilibrium
in the keynesian model the price is assumed to be what? a.exogeneous and remaaining constant b. endogeneous and remaining constant which is correct?
Performance of Public Sector Enterprises: Data reveal that the performance of the much-maligned public enterprises has shown a distinct improvement during the last 9 years. Gr
Some Cost Considerations for Managers * Three guidelines for estimating the marginal cost(MC): 1) Average variable cost should not be used as substitute for the marginal cost(
Why is human capital so important in the development process? Explain human capital in terms of (the sum of) education/training/experience/ literacy etc, and clearly show how t
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos
#i need more light about it..
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