Much of the world's cultures now engage in industrial agriculture, and all are linked in the global economic system. What are the pros and cons of this? Is it sustainable? Make sure to reference the role of international organizations (e.g. IMF, UN) and individual nation-states (gate-keepers o migration). Be sure to support your arguments with materials from the text.

Problem 11-04 (algo) ou are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts at your irm have determined that group 1's elasticity of demand is -5, while group 2's is -2. Your marginal cost of producing the product is 630 a. Determine your optimal markups and prices under third-degree price discrimination. Instructions: Enter your responses rounded to two decimal places. Markup for group 1: Price for group 1: $ Markup for group 2: Price for group 2 $ b. Which of the following are necessary conditions for third-degree price discrimination to enhance profits. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box. ?At least one group has elasticity of demand greater than 1 in absolute value. ?At least one group has elasticity of demand less than one in absolute value.…

1. When a monopoly advertises, the goal is to _____ because _____. Group of answer choices increase its demand as a share of market demand; the monopoly faces a significant portion of market demand increase market demand; the monopoly faces the entire market demand increase market demand; the monopoly produces a product that is identical to the output of all other sellers in the market increase its demand as a share of market demand; the monopoly faces a small portion of market demand   2. If given a choice, a person would prefer to experience the situation of which of the following families? Group of answer choices a family with income equal to the world poverty line a family with income equal to the United States poverty line a family with income double the world poverty line a family with income equal to the poverty line in the United States in 1970   3. A business using its bargaining power as a major buyer of labor to pay lower prices, including lower wages,…

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Quantity (in gallons) Total Price Revenue $8 $0 50 7 350 100 600 150 750 200 4 800 250 3 750 300 600 350 1 350 400 Imagine a small town in a remote area where only two residents, Maria and Miguel, own dairies that produce milk. Their respective dairies are equal in size. Each week Maria and Miguel work together to decide how many gallons of milk to produce and what price to charge. To keep things simple, suppose that Maria and Miguel can produce as much milk as they want without cost so that the marginal cost is zero and there are no fixed costs. The weekly town demand schedule and total revenue schedule for milk is shown in the table above. Suppose the town enacts new antitrust laws that prohibit Maria and Miguel from operating as a cartel. Assuming that each producer can only modify quantity in increments of 50, which of the following is consistent with the Nash equilibrium for this scenario? Maria will charge a price of $5 for each gallon. Miguel will sell 100 gallons. Milk will…

Question Maxin Suppose a monopolist could charge a different price to every customer based on how much he or she were willing and able to pay (versus charging the same price to all their customers). How would this affect the monopolist's profits? Why? Description Answer eacho Use the editor to format your answer 10 Roints

In​ 2017, two beer drinkers in California filed a lawsuit against Kona Brewing​ Company, which sells Kona beer. The beer drinkers claimed that Kona was marketed as if it were brewed in​ Hawaii, but the beer is actually brewed in​ Oregon, Washington,​ Tennessee, and New Hampshire. Source: Cameron​ Miculka, "Suit Alleges Misrepresentation by Kona Brewing Co.​ Owner," westhawaiitoday.com, March​ 3, 2017.   If the market for beer were perfectly​ competitive, the location of breweries would     A. be in the same geographic area.   B. not matter to consumers since the product would be homogeneous.   C. be outside the United States.   D. not matter to consumers since the product would be heterogeneous.