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1 how is peak-load pricing a form of price discrimination can it make consumers better off give an example2 how can
1 give some examples of third-degree price discrimination can third-degree price discrimination be effective if the
1 how does a car salesperson practice price discrimina- tion how does the ability to discriminate correctly affect his
there are 10 households in lake wobegon minnesota each with a demand for electricity of q 50 - p lake wobegon
the employment of teaching assistants tas by major universities can be characterized as a monopsony suppose the demand
you produce widgets for sale in a perfectly com- petitive market at a market price of 10 per widget your widgets are
michelles monopoly mutant turtles mmmt has the exclusive right to sell mutant turtle t-shirts in the united states the
a monopolist faces the demand curve p 11 - q where p is measured in dollars per unit and q in thou- sands of units the
a recent issue of business week reported the followingduring the recent auto sales slump gm ford and chrysler decided
1 a firm has a fixed production cost of 5000 and a constant marginal cost of production of 500 per unit produceda
suppose that labor is the only variable input to the production process if the marginal cost of production is
1 a firm pays its accountant an annual retainer of 10000 is this an economic cost2 the owner of a small retail
suppose life expectancy in years l is a function of two inputs health expenditures h and nutrition expenditures n in
do the following functions exhibit increasing con- stant or decreasing returns to scale what happens to the marginal
1 a firm has a production process in which the inputs to production are perfectly substitutable in the long run can
a political campaign manager must decide whether to emphasize television advertisements or letters to potential voters
suppose a chair manufacturer is producing in the short run with its existing plant and equipment the manu- facturer has
the menu at joes coffee shop consists of a variety of coffee drinks pastries and sandwiches the marginal product of an
1 explain why the marginal rate of technical substitution is likely to diminish as more and more labor is substituted
1 what is the difference between a production function and an isoquant2 faced with constantly changing conditions
1 why does production eventually experience diminishing marginal returns to labor in the short run2 you are an
1 what is a production function how does a long-run production function differ from a short-run produc- tion function2
suppose there are two types of e-book consumers 100 standard consumers with demand q 20 - p and 100 rule of thumb
a city is considering how much to spend to hire people to monitor its parking meters the following informa- tion is
as the owner of a family farm whose wealth is 250000 you must choose between sitting this sea- son out and investing