Q1. "Cutting the price of a product never increases the amount of revenue you receive. If we want to increase revenue, we have to increase price" - is this true?
Q2. Code Red has a monopoly business of Tyvek recycling. If the marginal cost for a Tyvek is $50 and the price elasticity for Tyvek is -4, what is the optimal monopoly price?
Q3. Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.