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Given demand curve and marginal cost, find the
profit maximizing price and quantity for a monopolist, as well as the profit
level.
Finding the price a monopolist would charge
using a diagram of demand, marginal revenue and marginal cost.
Calculating the deadweight loss created by a
monopolist and by an excise tax
Finding comparative advantage using the
production levels of two countries for two goods.
Given supply and demand curves, find equilibrium
price and quantity.
Identify whether dominant strategies exist in
payoff matrix of a simultaneous game.
Finding max-min strategies in a payoff matrix.
Transforming a simultaneous game to a sequential
game by drawing and labeling a game tree.
Identify efficient, inefficient, feasible and
infeasible points in a diagram of the PPF.
Calculate the HHI given information on market
shares of firms in an industry.
Calculate
price elasticity of demand using two points on the demand curve.
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