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how do we measure economic growth and why do we need economic growth ii what can governments do to stimulate economic growth and create jobs provide
do the laws of economics still work today use the case discussed in class to answer this question or any other examples ii provide examples of three
what are the most important challenges that economists try to address ii what is the role of government in a market based economy iii who are the
can marginal cost be constant if so does this mean that marginal cost are equal to average variable
1 consider a world with two assets a riskless asset paying a zero interest rate and a risky asset whose return r can take values 10 or 8 with
during the 1990s technological advance reduced the cost of computer chips explain with the use of supply and demand diagrams how the following
i define the three types of price discrimination clearly stating the different information requires of each type of discrimination ii find
ii find a real-world example of second-degree price discrimination describe the important aspects of your example in detail and analyze it using
you estimate that the price elasticity of demand for one-acre plots in lusaka is -15 and that income elasticity of demand is 5 land owners intend to
the raspberry growing industry is a perfectly competitive industry the firms in the industry have a u-shaped lac minimum average cost is 8 and the
a newspaper recently lowered its price from 50 cents to 30 cents as it did the number of newspapers it sold increased from 240000 to 280000i
consider an upstream firm in russia that mines iron ore at a total cost of 15q where q is the number of tons of ore this upstream firm then ships ore
1 why is a proprietary good necessary for a firm to choose to become a multinational2 in ramondo rappoport and ruhl 2011 horizontal vs vertical fdi
consider a television manufacturer based in korea it produces tvs in korea at a total cost of y 2 2y where y is the number of televisions they
suppose that you can produce high-quality beef at 3 per pound and sell it for 8 per pound low-quality beef costs 1 to produce but only sells for 4
the definition of a price maker is a firm with some power to set the price because the demand curve for its output slopes downward which in effect
the market demand function of a firm is given by4p q - 16 0and the ac function takes the formac 4q 2 - 03q 005q2find the q which givesa
the following are ac and tc functions for various firmsi ac 140q 20ii ac - aq kiii tc - 10 2q 01q2iv tc - k - betaq cq2where a k beta and c are
i a firms costs are 500 when output is 100 if the tc function is linear and fixed cost fc are 200 find the marginal cost when q 4 5 and 6ii the
i when the demand function is 2q - 24 3p 0 find the marginal revenue when q3ii given the demand function 01q - 10 02p 002p2 0 calculate the price
1 calculate price elasticity of demand and supply for the following functions when a p8 and b q6i p 40 - 05qii q -40
1 price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic