5 Problems

1. (a) Using calculus, derive the relationship between a monopolist's marginal revenue, the monopolists' price, and the price elasticity of demand. (b) Consider a monopolist who produces output at a constant marginal and average cost of $12. The price elasticity for the monopolist's product is 3. Use your answer to (a) to find ...continues

The aggregate consumption function

EVERYTHING MUST HAVE CHARTS IN EXCEL. The aggregate consumption function for an economy is: C=$200 billion + .75 Yd, Yd= disposable income. Assume that aggregate demand must shift by $160 billion to close a recesionary gap. A: what change in government spending will return the economy to full employment GDP? ...continues

Economics & Quotas

What role does the government play when it comes to quotas? Can you explain, in economic terms, how quotas work? I've looked at some diagrams but do not understand them. How do quotas affect international trade & domestic manufactures? Who wins when quotas are used?

Question

A gas firm takes over one of its inital suppliers in a merger. This is a sample of: (vertical, horizontal,conglomerate interation, cointegration)

eCommerce

What type of market structure does Amazon have? Can any of the economic ratios or indices be applied to Amazon (four-firm concentration ratio, Herfindahl-Hirschman index, Lerner index, Rothschild index)?

Large scale economic issues

I need help getting started with this assignmnet. Your hometown newspaper needs someone to write an informative article on large scale economic issues. The reporter who spoke with you before thinks of you, welcomes you home, and requests another article. Attached is a summary of disaggregated data drawn from information pro ...continues

eCommerce & Game Theory

How can the concepts of game theory be applied to buying through ecommerce or a retail store? Can you show me an illustration.

eCommerce & Theory of Individual Behavior

What can be said concerning eCommerce (such as Amazon and other online stores) and individual behavior vs traditional storefront retail and individual behavior? Please be thorough and include examples & sources. Please do not include references to auctions.

Help with Homework Questions

____ 1. Which of the following will cause the demand curve for gasoline to shift leftward? a. a decrease in the price of gasoline b. an increase in the price of gasoline c. a leftward shift of the supply of gasoline d. a rightward shift of the supply of cars e. a decrease in the price of bicycles ____ 2. Markets reduce ...continues

Why does a reduction in aggregate demand reduce real output rather than the price level?

Why does a reduction in aggregate demand reduce real output rather than the price level? ALSO What is the basic objective of monetary policy? What are the strengths and weaknesses of monetary policy?