The Distribution of Income in the USA

DISCUSSION BOARD # 2—Unit 2: THE DISTRIBUTION OF INCOME IN THE USA Opposing Views While much of the discussion that takes place about economic issues is somewhat theoretical and abstract, when the conversation turns to money and individual income, it suddenly becomes much more personal. This all begins at a very early age when we realize… Continue reading The Distribution of Income in the USA

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Paper on Jaguar Land Rover

IN1440 Jaguar Land Rover: Towards a Customer-Centric Organisation Leveraging Customer Intelligence and Data Analytics for Sustainable Growth 03/2018-6354 This case was written by Joerg Niessing, Affiliate Professor of Marketing, and Brian Henry, Research Fellow, both at INSEAD, and Kay Peters, Professor of Marketing, University of Hamburg. It is intended to be used as a basis… Continue reading Paper on Jaguar Land Rover

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The Efficient Level of Output paper

The Efficient Level of Output A benevolent social planner maximizes total surplus in the market by choosing the level of output where the demand curve and marginal-cost curve intersect. Below this level, the value of the good to the marginal buyer (as reflected in the demand curve) exceeds the marginal cost of making the good.… Continue reading The Efficient Level of Output paper

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Profit Maximization for a Monopoly

Profit Maximization for a Monopoly A monopoly maximizes profit by choosing the quantity at which marginal revenue equals marginal cost (point A). It then uses the demand curve to find the price that will induce consumers to buy that quantity (point B). 17 © 2018 Cengage Learning®. May not be scanned, copied or duplicated, or… Continue reading Profit Maximization for a Monopoly

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The Welfare Cost of Monopolies

The Welfare Cost of Monopolies •  Producer surplus – Amount producers receive for a good – Minus their costs of producing it •  Benevolent planner: maximize total surplus – Socially efficient outcome – Produce quantity where •  Marginal cost curve intersects demand curve – Charge P=MC 23 © 2018 Cengage Learning®. May not be scanned, copied or duplicated, or posted… Continue reading The Welfare Cost of Monopolies

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