1. What is oligopoly? 2. What is the difference between monopoly and monopolistic competition?

Q: State three [3] roles of the import license

A: (Q) State three [3] roles of the import license.

Q: A price floor is: O the maximum price that a seller can charge in a market. the minimum price that a...

A: Price floor is a situation when the price charged is more than or less than the equilibrium price de...

Q: The main items on the A. current account are imports and R.O.W. investments in Canada. B. financial ...

A: Below are the important items of the BOP: 1. Export & import of goods.  2. Export & import o...

Q: U.S. import transactions create:    a foreign demand for dollars and the satisfaction of this demand...

A: International trade helps in integration of the world economy through trade and commerce. Internatio...

Q: Consumer has utility function In(c1)+beta'In(c2), where beta=1. Interest rate i=0%. (NOTE!) Income y...

A: The lifetime budget constraint is Y1 + {Y2/(1 + r)} = C1 + {C2/(1 + r)} Utility maximizing consumpti...

Q: Golf International Division designs and manufactures small engines for golf turf maintenance equipme...

A: Given that; MARR=10% The equivalent annual worth of B System can be calculated as follows. AWB=-ci(...

Q: Theoretically, how would the rise in the value of the pound affect the current account of the UK

A: Answer: Introduction: The current account of the balance of payment: the current account includes im...

Q: please explain the theory of marginal utility. Please include a particular product or service you us...

A: In economics, utility refers to the entire pleasure derived from the consumption of an item or servi...

Q: ) Assume that the output of a company is given by y (K, L) = K^0.5 * L^0.5, where the amount of capi...

A: (a). Y = K0.5L0.5Put A = 10, K =100 and L=400  Y = 10(100)0.5 (400)0.5  Y = 10 (10) (20)   Y = 2000 ...

Q: Acording to the IMF's Review of Exchange Rate Agreements, Restrictions, and Controls from November 2...

A: IMF's Review of Exchange Rate Agreements, Restrictions, and Controls from November 2007 As per IMF r...

Q: Consider the following economy : C=100+0.8 Y I= 50 - 25i G= T= 50 M' -=200 Md = Y – 25 i 1. Calculat...

A: Answer: Introduction: Therefore Y = 800-12i

Q: This plant design, entitled “IIVSDROP: The First Ear Dropper Solution Manufacturing Plant in the Phi...

A: Total cost is the expenditure that is incurred in the production of the goods. It means the total co...

Q: A man borrowed $45, 500.00 at the interest rate of 8.5% per annum, compounded quarterly. What is th...

A: Interest generated on the initial principle plus cumulative interest is referred to as compound inte...

Q: More latest brands of notebook computers are now available to consumers. Explain the effects on the ...

A: Market price refers to the price at which a good or service is sold in the market. The quantity whic...

Q: 11. An increase in the exxpected price supply and demand for corn: a. increase both the demand and t...

A: The economic dynamics that decide what providers are willing to create and what buyers are willing a...

Q: nd the capitalized cost at 15% interest, initial cost $200000, Annual operating cost $4000

A: Below is the given values: Interest rate = 15% Initial cost = $200000 Annual operating cost = $40000...

Q: The demand function for a truckload of firewood for college students in a small town is Qc = 400-p. ...

A: Given:- Qc=400-p p=400-Qc Qr=400-2p To calculate:- Inverse demand function,Firewood purchase by stud...

Q: Consider an economy with the following features Consumption, C= 100 + 0.9 Y, Income tax, t=-Y 3. Inv...

A: Answer:   Therefore the IS equation is Y=2500-75i

Q: One part of monetizing the debt is for th central bank to A.conduct an open market purchase B.increa...

A: Central bank in influence the money supply in the economy by using open market operations.

Q: Please solve using a national income accounting That tax increases (with no change in transfer paym...

A: The national income accounting measures the overall health of the economy. To measure the national i...

Q: e following table lists the utility that Steve receives from consuming oranges at $0.50 apiece. hat ...

A: Marginal utility refers to the change in the total utility when one additional unit of commodity is ...

Q: 10. Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogur...

A: The economic dynamics that decide what providers are willing to create and what buyers are willing a...

Q: Suppose the government puts a tax on a market with inelastic supply and elastic demand, then---- O. ...

A: When a government imposed a tax on a product, then how much the burden of the tax falls on buyers an...

Q: 28. Mr. Sanchez bought a machine costing 600000, it is believed to have a book value of P24500.65 at...

A: The formula for declining balance depreciation is as follows, Depreciation rate = 1 - (Salvage value...

Q: Suppose the central bank subscribes to a monetarist approach to monetary policy. The central bank be...

A: Disclaimer: Since you have posted a multi-part question, I am providing you with the answer to the f...

Q: Behavioural and structural equations of an economy are given below: C = 40 + bY %3D |= 50 crore %3D ...

A:

Q: Below are the overtime hours (O) worked by 3 employees an an Office. Calculate var(O). (3 significan...

A: Variance A statistical assessment of the dispersion between values in a data collection is known as ...

Q: Hi, i need help with part a and d only. Thanks

A: Gross domestic product is the value of goods and services that are produced within the given time pe...

Q: An optional question to give you more practice solving games. Consider the following one-shot simult...

A:

Q: 200, 000.00 was deposited at an interest rate of 24% compounded semi-annually. After how many years ...

A: Semi annually refers to half yearly. A period of 6 months is referred as semi annual. So the rate of...

Q: A tax system based on the ability-to-pay principle claims that all citizens should A. pay taxes bas...

A: Ability to pay taxation:-  Ability-to-Pay Taxation can be explained as a taxation philosophy which s...

Q: Tomato Farms is selling tomatoes in a purely competitive market. Its output is 25,000 bushels, which...

A: Fixed is the cost that remains same at all levels of output. It does not change as production change...

Q: Suppose there are two power plants that release sulfur dioxide (SO2) into air at their current produ...

A: Introduction Two Power plant has given as MAC1 = 3q1 + 5 MAC2 = 2q2 They both release 150 units of S...

Q: The threshold productivity to become an exporter is       A.higher than the one to serve the domesti...

A: The answer is - A.higher than the one to serve the domestic market

Q: Use of credit information in rate determination for a new applicant requires Agreement of producer D...

A: A credit agreement is a contract between a lender and a borrower.Creditworthiness or credit history ...

Q: If a market structure is an oligopoly, do Lexus, Cadillac, and Lincoln engage in sticky pricing? Who...

A: There are 4 main market forms which are as follows:- (1) Perfectly competitive market (2) Monopoly m...

Q: 11. A tariff on imports benefits domestic producers of the imported good because A. They get the tar...

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...

Q: 4). Economist Abba Lerner proposed a tariff on oil imports. The tariff is designed to reduce depende...

A: So, one of the famous economists Abba Lerner once proposed a tariff on oil imports that is equal to ...

Q: Question. Suppose in an economy, autonomous investment (1) is $ 600 crores and the following consump...

A: Answer:   Hence income i.e I = 600

Q: New York City has licensed street vendors for more than a century.  It currently provides only a sma...

A:                                      

Q: equilibrium in a market supplied by a monopoly? Group of answer choices A. The output & price wher...

A:

Q: Supya 2. Suppose we have an economy characterised by the following functions: 100 +0.8 Y C = 100 %3D...

A:

Q: 8. Assume the economy is currently in equilibrium at its full-employment level of output, the money ...

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: Examine the Solow growth model. Assume that with d-0.1, s-0.2, n-0.01, and=1 and that the period is ...

A: Please find the answer below.

Q: A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) = 67...

A: Answer -

Q: Regarding the Fisher Effect.. Give a real-world example of HOW and why the Supply curve for bonds sh...

A: As per the Fisher equation,Nominal interest rate = Real interest rate + Expected inflation.

Q: You borrowed money today to be paid in 8 equal payments at the end of 8 quarters. If the interest ra...

A: In the financial world, "principal" is a term that can mean various things. When referring to a loan...

Q: 3. Consider an economy with six product-producing sectors and one non-producing sector, described by...

A: Total Demand = 2W + 3G + 2D + 1T + 1 WO + 2H  Where , W = widgets , G = Gizmoes , D = doohickies ,  ...

Q: What is the impact on the labour market due to a reduction the productivity of workers?

A:

Q: - The following data characterises the macroeconomic conditions of a hypothetical еconотy: С - 50 + ...

A: