EBK EXPLORING MACROECONOMICS
EBK EXPLORING MACROECONOMICS
7th Edition
ISBN: 9780100546400
Author: Sexton
Publisher: YUZU
Question
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Chapter 1, Problem 3P
To determine

(a)

The branch of economics that covers the effect of an increase in supply of lumber on the home building industry.

To determine

(b)

The branch of economics that covers the changes in the unemployment rate.

To determine

(c)

The branch of economics that covers the changes in the inflation rate.

To determine

(d)

The branch of economics that covers the changes in the country's economic growth rate.

To determine

(e)

The branch of economics that covers the price of concert tickets.

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You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts at your firm have determined that group s elasticity of demand is while group s is Your marginal cost of producing the product is $ a Determine your optimal markups and prices under thirddegree price discrimination. b Identify the conditions under which thirddegree price discrimination enhances profits.
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Demand and supply function
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