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What is the firm's average variable cost function? What is the firm's shutdown price? What is the firm's average total cost function?
Assuming that good and bad trucks are equally likely to be offered on used-car market, how much is buyer willing to pay at most for an F-150 of unknown quality?
Discuss and explain with examples why antitrust laws were developed and what specific laws were enacted to resolve specific issues?
Identify all the pure-strategy Nash equilibrium. In the mixed-strategy Nash equilibrium, with what probability will firm B now enter the market?
Is food have any substitute or complement goods? If yes, comment on the value of cross elasticity of demand of the product with other products in the market.
What is the current level of profits (losses) for the firm? What will happen to the firm's production in the long run?
Do you think the government should subsidize flood insurance? If you do, should there be revisions made to the current policy on US government flood insurance?
Now suppose that U.S. American can buy their iphone from online Canadian retailers. How much should apple charge now for an iphone in the U.S? Show work.
At the price, it will sell a quantity Qm = a-bc/2. If apple can maintain the separation between the two markets, what price will it charge in the U.S?
Remember to use earned income and not to include government assistance. What do you think the poverty line should be for each of these lines, and why?
Research three countries to find their Gini coefficient. Explain what this information reveals to you about their economies.
Assuming no other transaction happened, what cost of goods sold is recognized in March? Assuming no other transaction happened, what is Gross Margin of April?
For what values of a and b is there a diminishing technical rate of substitution? For what values of a and b does the production function exhibit decreasing.
Why is Amazon Prime just another price discrimination scheme? What is Premium Pricing?
What financial intermediaries does Mr. Thrift use or consider using? Where would Mr. Thrift go to talk to a stockbroker?
Discuss why maintaining constant prices in a growing economy is particularly difficult under a commodity money system.
What type of policy could be used to increase wage for sweatshop workers in Vietnam, without increasing government expenditure or increasing the minimum wage?
The country is moving out of a recession and into economic recovery. The unemployment rate increases to 9%. How is this possible?
What different types of policies could be used to increase wage of workers in particular industries in UK, that doesn't involve just increasing minimum wage?
From the constraints above, show that q2 = q1. Using these results, determine menu that maximizes profit of the seller.
How can market achieve an efficient allocation of surface water? How is different from the efficiency condition for ground water?
Discuss the innovative market based policy remedies that address the problem of inefficient land use and conversion.
Write down the individual rationality constraints IR1,IR2 and the incentive compatibility constraints IC1,IC2.
Does your firm engage in price discrimination? Considering customers are stakeholders, how do principles of conscious capitalism apply to price discrimination?
When price of one good decreases, consumption possibilities of both goods generally increase.