Economics Answers

what is the impact of changes in the price levels of similar goods

a) Graphically illustrate a firm engaging in intertemporal price discrimination.
b) Graphically illustrate a firm engaging in peak-load pricing.
c) Explain the underlying reasoning for a firm to adopt intertemporal price discrimination as compared to peak-load pricing. Provide an example of each.

a) Assuming competitive factor markets, graphically illustrate and explain the difference
between marginal revenue product for a competitive output market and a
monopolistic output market.

b) Assuming competitive factor markets, graphically illustrate and discuss the effect of
an increase in the wage rate in a competitive labour market.

c) Graphically derive the long run demand curve in a competitive factor market and
explain the underlying theory (assuming wages decrease).

The free market and competition are aided by _________,which limits monopolies and ensures the ____________of consumer goods.

Indian economy is a developing economy Justify this statement on the basis of changes that an economy experience with economic development.

Given the following information:
P = 20 – 2Q
MC = AC = 4

a) Determine the profit-maximizing output and price charged by a monopolist.
b) Determine the competitive price and output.
c) Graphically illustrate and calculate the deadweight loss due to the monopoly.

a) If the government adopts a ceiling price on rental units, graphically illustrate and explain the effect on consumer surplus and producer surplus.

b) Graphically illustrate the effect on consumer surplus and producer surplus if the government adopts a floor price for an agricultural good.

c) Compare the impact of a ceiling price and floor price on consumer surplus and producer surplus.

Robert found his childhood piggy bank, which had been lost for ten years. The $20 bill inside it is still worth $20. What function is money serving in this example?

1. Briefly discuss the regional trade agreement's advantage.

2. terrorism will be a biggest threat for globalized business operations? discuss.

Explain the important reasons for the emergence of horizontal federal fiscal imbalance.