A good example of an oligopoly would be...

Q: Describe the Role of International Monetary Fund (IMF) and World bank especially to all developing…

A: Introduction The international monetary system is an arrangement according to which international…

Q: Why did Eugene V. Debs believe in changing the structure of society and implementing public…

A: Eugene V. Debs was a anti-war, political activist, trade unionist, and committed social activist. He…

Q: Q1: Determine the Price Demand eqution Price 40 > 20 40

A: The demand curve depicts the inverse relationship between the price and quantity demanded of a…

Q: Consider how the COVID-19 pandemic has caused major disruption in global supply chain affecting the…

A: A macroeconomic model called the AD-AS, or aggregate demand-aggregate supply model, uses the link…

Q: An expenditure of Php 1,000,000 is made to modify a material-handling system in a small job shop.…

A: Given  The initial investment in the material handling system is P=1,000,000 First-year saving…

Q: Given that Z is distributed as a standard normal random variable, what is Pr(Z > -0.04)? Round your…

A: The normal distribution table give us the value of Z and the probability value associated with it.

Q: Capital is the sum of all the machines, plants, and office buildings in the economy. True  False

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Even before the pandemic, bicycle supply chains were strained. Why was this? Check all that apply.…

A: Bicycle companies moved the production out of China because of the rise in rate of tariff by former…

Q: Suppose a farmer has a fixed resource of 80 acres planted in corn. If the farmer does not cultivate…

A: According to the economic theory known as the law of diminishing returns, as investment in a certain…

Q: QUESTION 9 Say that Alland can produce 32 units of food per person per year or 16 units of clothing…

A: Comparative advantage is the capacity of an economy to produce a particular good or service at a…

Q: Compare the structure and independence of the Fed- eral Reserve System and the European System of…

A: The phrase "central bank" refers to a national bank that not only issues currency but also offers…

Q: The graph shows the demand curve for smartphones. The market price of a smartphone is $200. On the…

A: Demand curve A demand curve is a graphic that shows the link between the cost of certain good and…

Q: please teach explain step by step, A consumer has preferences over two goods represented by the…

A: Utility function : U = x1 + 2 (x2)0.5 Optimal consumption point is achieved at the point where…

Q: (e) Use your answer from part (d) to find the Marshallian demand (again) without solving the utility…

A:

Q: Suppose an economy is depicted by the expenditure function provided​ below: C​ + G​ + I​ + X​ =…

A: In the income-expenditure model, the equilibrium will arise at the GDP level where aggregate…

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

A: Profit maximising refers to the process by which businesses choose the production, cost, and output…

Q: Which of the following is TRUE? O 000 E=EVwSI/EVWPI E=EVSI/EVPI E=EVwOPI/EVwoSI E=EVPI/EVSI

A:

Q: Consider a simple economy that produces two goods: pens and envelopes. The following table shows the…

A: GDP, gross domestic product is the value of final goods and services produced in the economy within…

Q: The PPF bows outward because as we move from point A to point B to point C, the opportunity cost of…

A: Opportunity cost refers to the next best alternative forgone.

Q: • The price of Coke (Pc) is $0.50/can. • The price of Pepsi (Pp) is $1.00/can. Based on his budget…

A: The utility preferences are perfect substitutes  MRS = (dU/dC)/ (dU/dP)  MRS = 2/3 relative price…

Q: It's October 21 and the air conditioner at the Brown household has just gone out. Fortunately, they…

A: FV = 3,500 n = (deposit from 21 Jan to 21 may) i.e. 5 months r = 1.25% per month

Q: 1.Only the moment matters in moral decision making Group of answer choices Morrison none of these…

A: Moral decision-making refers to the ability to produce a sensible and justifiable answer to an…

Q: It is most practical to raise GDP per capita in the short term and with almost full employment by:…

A: When everyone is able to obtain job at the going rate of pay, this is considered to be full…

Q: Q1 = (4310/22) - (P1/22)    Q2 = (5021/17) - (P2/17)    TC = 760 + 14Q1 + 32Q2    Form the profit…

A: Demand function shows the functional relationship between Quantity demanded for a commodity and its…

Q: An electronics company gives a warrantee on a $150 eReader that covers accidental damage (AD) and…

A: A customer refers to any individual or entity that makes a purchase from another company, whether it…

Q: WHAT IS THE INFLATION RATE IF THE PRICE OF AN ELECTRIC FAN BECOMES P2000.00 IN 5 YEARS FROM THE…

A: The progressive erosion of purchasing power may be conceptualized as rising prices, sometimes known…

Q: c. How much would it have cost you to bake all 10 cakes? Instructions: Enter your answer as a whole…

A: The cost of purchasing  the cake is $25 per cake Price of cake =$30 To solve subparts a and b, we…

Q: How does the equilibrium price and quantity change when there is a sale? Are there any changes or…

A: Equilibrium price and quantity are determined when supply and demand curve intersect.

Q: People's tendency to prefer the "default" option over other options is known in prospect theory as…

A: According to the prospect hypothesis, investors evaluate gains and losses differently, giving…

Q: ma Good-Student is an engineering student at AMU. She is need of a vehicle to commute to school. She…

A: Compound interest is extra interest to the principal amount of a loan or deposit, or in simple…

Q: If demand remains constant and supply decreases, what happens to price and quantity?     A.…

A: Demand and supply The relationship between the quantity of a good that producers want to sell at…

Q: 4. Saving for his retirement days is the main reason Mr. Suarez invests his money in an account that…

A:

Q: Ways in which China has a socialist market economy?

A: The term "economic system" refers to the many laws and ordinances that make up the economy. In terms…

Q: hich of the following would be included in the calculation of gross domestic product (GDP)? The…

A: The gross domestic product refers to the production of goods and services during an accounting year.…

Q: Behavioral economics assumes that people are Multiple Choice O O O O eager and able to estimate the…

A: Behavioral economics is one of the economy thoughts or approach to understand the nature of an…

Q: Derive two LM curves, the first when money demand is very sensitive to the interest rate, and the…

A: LM curve is a curve that shows all the possible sets of income levels (y) and the rate of interest…

Q: Consider two markets. The initial equilibrium for both markets is the same, P = $6.50 and Q = 35.0.…

A: The elasticity of supply measures the degree of sensitivity of quantity supplied to change in the…

Q: When a command economy is utilized to resolve economic questions regarding the allocation of…

A: Economics is the study of how the scarce resources of society are exploited into useful things.  It…

Q: O Determine the profit maximizing level of output when the marketing price for the good is $75 unit.…

A:

Q: Price per unit $ 50 100 150 200 250 300 Quantity demanded each year 13,200 12,800 12,400 12,000…

A: Equilibrium is a situation in the market when there is no surplus no shortage

Q: At a particular job, workers' wages are linear and based on years of experience. You ask two workers…

A: For 3 year of experience, Wage (w) = $15.70 per hour  For 5 year of experience, Wage (w) = $18.50…

Q: How did we arrive with the i show a systematic solution

A:

Q: omics 1B Jan22 Y1 S2 The sale of South African Airways will affect which component of aggregate…

A: Aggregate demand is calculated by taking the sum of its four components: consumption, investment,…

Q: What is the role of government in an economy?

A: When talking about government, it can be said that it is the rulling authority of an economy.

Q: 3.11. Consider a consumer who is demanding goods 1 and 2. When the price of the goods are (2, 4), he…

A: Demand: It refers to the things that people consume. The increase in demand makes the increase in…

Q: Which of the following is true of an economic theory? a. It uses complex mathematical equations to…

A: We know that It is a bunch of principles and ideas which explain the functioning of the economy or…

Q: price of gold becomes less volatile, then, c and for gold will ect one: a. increase increase b.…

A: We have to find following question.

Q: Using the supply and demand equations given below: Demand Qd = 25 – 2P Supply Qs = 1 + P If the…

A: Since you have asked multiple question, we will answer first question for you. If you want any…

Q: A decline in the price of factor A will: Select one; Increase the demand of for complimentary…

A: In economics, two items are deemed as substitutes if they can both meet the same need. Contrary to…

Q: According to GATT, regional trade agreements: Cannot be formed   Can be formed only as free-trade…

A: The GATT was established to develop regulations aimed at eliminating or restricting the most…