Provide a thorough discussion of the following specific issues asked.

1. Define and explain third-degree Price Discrimination;

2. Demonstrate that in order to achieve optimal third-degree price discrimination, marginal revenue for each consumer group must be equal to marginal cost;

3. By using the condition in subpart 2, demonstrate how the firm carrying out the third-degree price discrimination, should change its prices and total output if the demand curve for one consumer group shifts outward, causing marginal revenue for that group to increase.      

NEED ESSAY TYPE ANSWER

Provide a thorough discussion of the following statement:

“By defining the concept of the percentage markup of prices over marginal cost as:   

(P -MC/P) = - 1/ƐD, where ƐD refers to the price elasticity of demand of the monopoly firm, one can use this concept to determine the market power of this profit-maximizing monopoly firm.”

Provide a definition and a brief explanation of their importance in microeconomic analysis.

1) Economies of Scope vs. Economies of Scale;

2) MRPL;

3) Three features or characteristics a good must have to be regarded as a Giffen Good;

4) Allocative Efficiency.

The first cost, life, and annual benefit for a prospective project are uncertain. Optimistic (OP), most likely (ML), and pessimistic(PS) estimates are given. If the interest rate is 20%, what is the expected NPV?

1. What is the impact of the corona-virus pandemic on GDP?

Regarding the Lorenz curve and you are waiting for the state’s demographers office, how would you (1) describe and explain a Lorenz curve and (2) how would you describe and explain how a Lorenz curve is constructed?

Assume a duopoly market with quantity competition. The market inverse demand is the following: P = 497 - (Q1 + Q2) Where Q1 and Q2 represent the production of firm 1 and 2, respectively. Assume that both firms have the same ATC = MC = 21. If this market was a competitive market rather than a duopoly how much higher would the market quantity be under a competitive marekt than under a duopoly? (hint: get the competitive market quantity and subtract the duopoly quantity, input only numbers in your answer).

Discuss the impact of money growth on economy under these keywords: Stagflation, overshooting, real balances, Fisher effect, inflation, output, expected inflation, unemployment, real interest rate, nominal interest rate.

1. bank Is offering bonds with a face value of $10,000 and a coupon rate per year of 7%,good for 5 years and the Interest is paid quarterly. Blom bank Is offering bonds with a face value of $10,000 and a coupon rate of 8% paid every 6 months also good for 5

years. The purchasing cost for the Byblos bond is $9,500 and for the Blom bank Is $9,750

,if your Marr is 5% a year CMPOUNDED MONTHLY ,which is a better investment based on present worth analysis?

First Question : In a monetary model with floating exchange rates, what will happen to exchange rate, if the Central Bank of Turkey has decided to increase money supply? Discuss.

Second Question : In a monetary model with fixed exchange rates, discuss short run and long run effect of a devaluation on balance of payments.

3. Discuss how spending and output influences equilibrium in a simple model where aggregate expenditure = consumption.

4. Describe how unplanned inventory can influence equilibrium in the model where AE=(C+I+G+(X-M))

1. Please explain the difference between nature and nurture (nature versus nurture controversy) on human development.

2. In addition, provide an example of how each (nature and nurture) has influenced your development to make you the person you are today.