1) What are the Nash equilibria? Which one is unreasonable/non-credible threat?

Q: 1. Why is the aggregate demand curve downward sloping?

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: You are given the following cost data: Total fixed costs are $60. 9 0 1 2 3 4 5 6 TVC 0 25 40 60 90…

A: Total cost is a sum of fixed cost and variable cost. Fixed cost remains unchanged throughout…

Q: hist most likely label as an oligopolist? eone: This firm is in the cell phone industry. It is not…

A: Under oligopolist market, there are few large sellers selling either homogeneous or differentiated…

Q: Economic growth

A: An economy is a system that produces and sells products and services. If a state's economy fails,…

Q: Question Completion Status QUESTION 5 Refer to information in table 1. A cell phone company wants to…

A: Pricing: The market situation where a single seller faces the entire market demand all by himself is…

Q: Florida, like several other states, has passed a law that prohibits “price gouging” immediately…

A: Businesses won't be allowed to jack up prices in the wake of a natural disaster if price gouging…

Q: 1. A company manufactures and sells x television sets per month. The monthly cost and price-demand…

A: The revenue is equal to the price multiply the quantity demanded so the revenue function is Rx=Px×x…

Q: As part of Budget 2018, the Government of Canada introduced the Canada Workers Benefit (CWB) that…

A: As a part of budget 2018, the government of Canada introduced the Canada Workers Benefit (CWB). CWB…

Q: For The Canadian Company Embridge choose a country that it exports to (do not chose the U.S.A.)…

A: The transnational exchange of goods and services is referred to as international trade. It is…

Q: 1. What are problems that governments may encounter in enacting and applying fiscal policy?   You…

A: Since the link of the page attached is not found, we will be providing a general answer to the…

Q: determine the purchasing power of their currency for a consumer good that they would buy from their…

A: To determine the purchasing power of a currency for a consumer good that a country would buy from…

Q: write down the monetary policy goals and show how these goals can be met when the inflation rate…

A: Introduction: Monetary policy: The process by which a central bank manages the supply and demand of…

Q: Status of economic development in sudan. Explain?

A: Economic development is the steady rise in economic activity that occurs over time in a nation or…

Q: Give typing answer with explanation and conclusion When a pharmaceutical company discovers a new…

A: An invention can only be made, used, or sold by the owner of a patent for a set amount of time,…

Q: List the conditions that must exist for a firm to make economic profits over the long run

A: In order for a firm to make economic profits over the long term, the following situations need to…

Q: Nabil is planning to retire in 25 years. He wishes to deposit a regular amount every quarter until…

A: An effective yearly rate of interest is the real return on a savings account or any interest-paying…

Q: 1. Give an example of a market (it can be of any good or service). 2. a) Determine a scenario where…

A: A market is at equilibrium at the point at which the quantity demanded is equal to the quantity…

Q: Your company has just signed a three-year nonrenewable contract with the city of New Orleans for…

A: EUAC refers to the discounted annual worth of a future cash flow .

Q: Define the differences, advantages or disadvantages to proprietorship, partnership, and corporate…

A: A business is an economic activity that creates, distributes, and sells commodities and services…

Q: nswer the given question with a proper explanation and step-by-step solution. Three firms produce…

A: Cournot Duopoly model: This is an oligopoly model where 2 firms compete in the market. Here both…

Q: A new restaurant – Uovo – has just opened in West L.A. It is serving the upscale market, with truly…

A: Given information; A restaurant faces the following demand function: Q = 600 - 4P Where Q is the…

Q: An amusement park decides to apply two-part tariff rule to set price, given the demand equation…

A: A two-part tariff rule involves charging customers both an upfront fee and a per-unit price. The…

Q: 7. Short-run and long-run effects of a shift in demand Suppose that the jackfruit industry is…

A: Given information: Suppose that the jackfruit industry is initially operating in long-run…

Q: Suppose a monopolistic competitor faces the following cost and demand in the short run: What is the…

A: In a monopolistic competition,  There exists a large no. of sellers selling differentiated products.…

Q: For a small country called Boxland, the equation of the domestic demand curve for cardboard is QD =…

A: Under international trade, different countries trade with each other and trade at the determined…

Q: Which comes first in changing the food system: supply and demand?

A: The amount of a product or service that a producer is willing to sell to a customer for a certain…

Q: Refer to the figure below. Calculate the value of the price elasticity of supply between g and h and…

A: Price Elasticity of Supply measures the percentage change in quantity supplied of a good or service…

Q: The desired reserve ratio is 2 percent of deposits, and the currency drain ratio is 4 percent of…

A: Money multiplier is used to calculate the value of change in money supply.  Change in money supply…

Q: Select all the items which would be counted in US GDP 2015 from the list below: Select all the…

A: Gross domestic product refers to the total market value of goods and services produced domestically…

Q: If a price ceiling of $7 is set, the quantity of soft drink to be exchanged will be 3. When a price…

A: A price ceiling is a government-imposed limit on the maximum price that can be charged for a good or…

Q: Ali has two options after completion of his schooling. Either he can attend college or he can work…

A: Before getting on to the question, we first understand the concept of opportunity cost. In economics…

Q: QUESTION 9 Consider a local fast food restaurant. The following table shows the maximum price that…

A: Bundled price is a pricing strategy in which a group of products or services are offered together as…

Q: $ 10 8 6 4 0 400 2. The firm will set a price of: Using the Graph above answer the following 1. This…

A: Monopolistic competition refers to the market organization in which there are many sellers of a…

Q: Mention three monetary policy limitations

A: Monetary policy is a macroeconomic tool used by central banks to manage the supply and demand of…

Q: 1.8. In terms of market structures, the profit- maximising rule MR = MC is followed by A. both a…

A: In perfect competition,  There exists a large no. of buyers and sellers.  The firm maximize it's…

Q: The demand for cement is given by P= 40 - 8Q, where P is the unit price in kroner (SEK) and Q is…

A: An externality is a cost or benefit that is not reflected in the market price of a good or service…

Q: If velocity (V) and aggregate output (Y) remain constant at $4 and $1.250 billion, respectively,…

A: Quantity theory of money shows the relationship between the money supply, velocity, price level and…

Q: What are the characteristics of a good and prosper economy?

A: A society's or a region's system for producing, consuming, and distributing products and services is…

Q: Assume it has been determined that those that identify themselves as liberal have a higher…

A: Neoclassical economics is a theoretical framework that emphasizes the importance of supply and…

Q: Using the sales data in the next table, calculate the mean squared error (MSE). (Hint: The MSE is…

A: Mean absolute error is given as : (1/4)*sum of absolute value of errors  Mean square error is given…

Q: For the price function p(x) = 10 √√3x where p is in dollars and x is the number sold in hundreds (0…

A: Given price functions:- p(x)=10-sq. root 3x Items sold=1230 Please find detailed solution in next…

Q: (a) Consider a closed economy whose desired savings (Sd) and desired investment (I) are given by the…

A: An economy where there are only three sectors dealing within the border of the country and the…

Q: Suppose an industry has three identical firms competing on quantities with demand P = 100 ― (2)Q and…

A: The term "identical firms" in economics refers to businesses that have identical cost structures,…

Q: What are the characteristics that set a good manager apart from an incompetent one?

A: Managerial economics involves the use of quantitative and qualitative analysis to perform…

Q: Ed makes custom rugs and sells them in his online store.  Recently, he raised his prices by 10% and…

A: Price elasticity of demand measures the responsiveness of change in quantity demanded to change in…

Q: 1. What is CPI? How to calculated CPI? How to find out inflation based on CPI. = Year Year 1 Year 2…

A: CPI is the consumer price index.  CPI includes the goods and services consumed by a typical…

Q: Suppose a new article is published claiming that Houston has abnormally high levels of pollution…

A: Market equilibrium occurs at such a point where the demand curve and supply curve intersect each…

Q: Identify and briefly discuss the three reasons the aggregate demand curve slopes downward. Are these…

A: The entire quantity of goods and services that all consumers in an economy are willing and able to…

Q: What is the relationship between scarcity and shortage, as economists use the terms? O Scarcity…

A: Scarcity means there are limited resources available in the economy that are not sufficient to…

Q: Question: What Is The Effect Of An Increase In Import Tariff On A Popular Good To Consumers?

A: The Customs duties which are imposed on imports are called tariffs. Tariffs give a price advantage…