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
rapture…” (163). By giving him an affinity for Shakespeare’s writings, Huxley asserts John as an intellectually and emotionally profound character. His well-developed character is a result of the combined influence he received from the traditional environment of the Reserve and the more progressive civilization present in the city. From the Reserve, he learned how to handle hardships, think critically, and embrace rich cultural practices. On the other hand, the city gave him the opportunity to read books and study literature as his mother introduced him to literature and prompted him to learn how to read. Aldous Huxley soundly uses the characterization of John the ‘Savage’ to encourage a marriage between traditional values and progressive fervor to create a gradually advancing society that still honors the ideas of the past. No matter what stance you have taken in the technological debate, it is irrefutable that scientific evolution has a profound effect on society and how the world functions. In recent years, an array of people have questioned the moral and societal consequences of advancements in science and technology. Countless novels, movies, TV shows, and articles have been created by cynical and inquisitive minds speculating about the consequences that accompany technology. But contrary to how it may seem, these hypothetical scenarios regarding humanity’s doom via technology have not only been explored in our modern age. Aldous Huxley provides a prime example of this with his dystopian sci-fi novel, Brave New World, which he wrote and published in the early 1930s. He shows that, regardless of the era, people formulate and discuss ideas about how technology can potentially harm mankind. Though this is undoubtedly a pessimistic way of thinking, it adds another layer to our society and allows for more people to debate and contribute their differing opinions to the global community.>GET ANSWER