The Westview Mall rents space to clothing stores and charges shoppers an entry fee to get into the mall. All clothing stores are identical and all shoppers are identical. Answer the following questions, using a graph that shows the supply and demand for clothing:
If the mall rents space to several competitive clothing stores, how much can it collect in rent? How much can it collect in entry fees? How much can it collect altogether?
If the mall rents space to a single monopoly clothing store, how much can it collect in rent? How much can it collect in entry fees? How much can it collect altogether?
Would you advise the Mall owner to rent to several competitive stores or to one monopoly? Why?
Copy centers usually give substantial discounts to customers with large orders. Do you think they are price discriminating? Why or why not?
True or False: Because a monopolist is able to charge a higher price than a perfectly competitive firm, his marginal revenue is higher than what a perfectly competitive firm’s would be.
The RH Snippet company has one president and 1000 assembly line workers. Which of the following events would have a bigger impact on the price of Snippets and why?
a) The president gets a raise of $1,000,000 a year.
b) A new union contract raises each worker’s wages by $1,000 a year, but allows the firm to fire as many workers as it wants to.
hroughout the play, “A Midsummer Night’s Dream”, by William Shakespeare, we are immersed in chaos that conveys and mocks our human emotions. Our characters take various forms, both physically and mentally, as a result of fairy magic. These spells create a domino effect that takes the audience through comical love triangles and interactions. Ultimately, these spells do not augment the powers of beings but rather inform the audiences of their humanity through a shift/polarization of perspective. One relationship that is illuminated by the magic is the relationship between Titania and Oberon. I believe that the love-in-idleness potion is representative of how Oberon initially wants his partner(s) to behave, but that by the end of the play (although still flawed as a husband) Oberon understands that spells are not the foundation of “true” love. He recognizes that by inducing love between Titania and Bottom that he would still ultimately not be the primary focus of Titania’s affections and attention, or even worse: that he is not the only person whose heart can belong to hers. Oberon and Titania are married magical royalty, yet their relationship is still very representative of human characteristics. Within the ensuing mischief, the human/petty emotions and reactions of Oberon is a commentary on the failings of the ego, materialism, and class structure. To retaliate against Titania for placing the majority of her attention and love to the changeling boy, rather than to him, Oberon creates a relationship between Titania and Bottom. We get our first in depth look at Titania and Oberon’s relationship dynamic in Act II Scene I. Upon seeing Titania they each express their dismay at seeing the other (at the present moment). “Tarry, rash wanton. Am not I thy lord?” (Act II.I, 49) Here Oberon, although a Fairy King, exhibits the same typical characteristics/beliefs of mortal men: women as property, duteous and faithful. Titania then retortes Oberon’s sexism and infidelity “Then I must be thy lady. But I know When thou hast stolen away from Fairyland, And in the shape of Corin sat all day, Playing on pipes of corn and versing love To amorous Phillida. Why art thou here, Come from the farthest step of India?” (Act II.I, 50). Here we get insight as to how Titania and Oberon communicate prior to the introduction of “Love-In-Idleness” Potion. They each then proceed to throw their respective escapades with humans in each others faces as evidence of the disrespect they display towards each other. “Why should Titania cross her Oberon? I do but beg a little changeling boy, To be my henchman” (ACT II.I, 100). Here Oberon again attemp>GET ANSWER