An oligopoly takes into account the decisions made by other companies before lowering its price.. true or false

Q: You are given the following dataset from a sample of the population.  Superhero Number of Villains…

A: Econometrics refers to the branch of economics concerned with the use of mathematical methods in…

Q: On may 1,2015 the yen/dollar and euro/dollar exchange rates were ¥120.15 and €0.8929, respectively.…

A: The exchange rate is the rate at which one currency is exchanged for another currency.  yen/dollar =…

Q: Oriol Díez Miguel S.R.L., a manufacturer of heavy duty machine tools near Barcelona, ships an order…

A: The current price at which one currency will swap for another at a certain moment is known as the…

Q: Suppose the economy begins at full employment. Label this starting point as point "1." Then,…

A: AD-AS model is a model that illustrates how the total demand and the total supply of an economy…

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A: The crop of Peanut is failed due to fungus. So, the cost of Peanuts would rise. In turn, the raw…

Q: 2. Sketch the budget constraint for a prisoner at the general penitentiary who has been smuggled a…

A: The budget constraint refers to the boundary of the opportunity set, all possible combinations of…

Q: The bacteria in a culture grows by 5% in the first hour, decreases by 10% in the second hour and…

A: Following is the given information: Initial bacteria count, P = 50000 Time = 3 hours Now it is…

Q: We have a pooled cross section of data with data from 2009 and 1999 on women’s wages and their years…

A: Regression equation depicts the relationship between the dependent variable and the independent…

Q: Suppose you have t = 5 hours in total to spend on some projects to make some money. The table below…

A: Marginal revenue will be computed as change in total revenue divided with change in total quantity

Q: Suppose that you have data at the individual level that includes information on the price of a…

A: The responsiveness of the quantity required of an item or service to a change in the price of that…

Q: The economy starts at C point. If the government successfully lower its currency's exchange rate…

A: Here, the given graph shows an economy in the short run and in long-run. If economy starts at point…

Q: What is the relationship between elasticity and Marginal Revenue = 0 at unit elasticity for a…

A: Monopoly is a sort of market structure in which there is a solitary merchant in the market who takes…

Q: The following currency rate: C$1.2948/$ is ..   A direct quote from the perspective of the U.S.…

A: The exchange rate states the value of one country's currency in terms of another country's currency.…

Q: Explain how the current level of investment depends on the following factors: 1) the current level…

A: The expenditure which is incurred in the hope of earning higher returns in the future is known as…

Q: Figure: The Market for Melons in Russia II Price 40 30 20 15 10 10 15 20 30 S D 40 50 Quantity of…

A: International trade is the purchase and sale of goods and services by businesses from various…

Q: The opportunity cost of moving from point H to point G in the above picture is (specify amount and…

A: Opportunity cost shows the measure of forgone units of one good in acquiring the other.  The…

Q: Kyle is going shopping. For Kyle, the marginal utility of bow ties is greater than the marginal…

A: The term marginal utility can be defined as the additional benefit that a consumer would get by…

Q: 5. Consider a game in which two players, Fred and Barney, take turns removing matchsticks from a…

A: According to the game theory, a player's strategy is any of the ways they decide in a setting where…

Q: Two numerically controlled drill presses are being considered by the production department of…

A:

Q: 1. Joe Bob has a utility function given by u (x₁, x2) = x² + x3 + 2x1x2. (a) Compute Joe Bob's…

A: Utility function and marginal rate of substitution: The utility function gives all points of…

Q: Value Lodges owns an economy motel chain and is considering building a new 200-unit motel. The cost…

A: Given:- Cost to build motel=$80,00,000Average rental rate=$40No.of unit=200 To know:- Build…

Q: (1) Suppose that two identical firms produce widgets and that they are the only firm in the market.…

A: The Cournot-Nash equilibrium is a solution concept in game theory that depicts the outcome of a…

Q: Depicted below is the Joint PPF of the three. If currently 400 units of salt r being produced, what…

A: The potential benefits that are lost when an individual or firm selects one option over another are…

Q: Problem 1 Gilded Question In 1923, one ounce of gold cost 380 French francs (FRF). If, at the same…

A: The international market is known for exchanging products and services between two or more nations.…

Q: Susie works two jobs so she can pay tuition without using loans, helps her sick mother with…

A: The act of allocating resources, often money, with the hope of making a profit or producing income…

Q: You are given the following dataset from a sample of the population.  Superhero Number of Villains…

A: Correlation coefficient between 2 variables (X& Z) is given as: => r = ∑(X-…

Q: 5. Efficiency in the production possibilities model Suppose France produces only two goods: wheat…

A: The maximum pair of items that may be produced with a particular mix of resources and technology is…

Q: A man took loan of PhP 65,250 from HSBC Bank. If the rate of interest is 9% p.a., then what will be…

A: Compounding refers to the process of generating interest on a principal amount, and then adding that…

Q: India is expected to be the world's fastest-growing economy this year, 2023. If current trends…

A: Economic development is the process of enhancing a community's or nation's economic prosperity and…

Q: If a stock analyst believes there is a 10% probability that the stock price of Dymonatis will be $30…

A: The expected value of an event or action is the anticipated reward after accounting for the rewards…

Q: COURSE: ECONOMY A company has a total cost function TC = 80+3q+2q2 and a marginal cost function MC…

A: The process of calculating the output and price levels at which a business may maximise its earnings…

Q: A demand curve is given by 60p + 40q = 240, where p is the price of the product, in dollars, and q…

A: Introduction: The quantity of a product or service that will be purchased at each price point is…

Q: Choose correct statement: O Simple problem contains economic element of high value O Intangible…

A: In economics, engineering economics is one of the widely used economic sub-concepts to deal with…

Q: For re equilbrium of a currency backed by commercial paper, which is the best option to follow?…

A: The currency is backed by commercial paper means that the value of the currency is tied to the value…

Q: The slope of the graph y=x^2-3x+7 at the point (1,5) is . . .   a. -1 b. -2 c. 5 d. 11

A: Following is the given information: Equation, Y =x2-3x+7 Point = (1, 5)

Q: In a given day Darnell can either mow 4 lawns (at most) or fix 8 fences (at most). Assume Darnell…

A: Opportunity cost is the cost of producing 1 good in terms of other.  Opportunity cost shows the…

Q: Since we are now into technology, what is the importance of the internet in globalization?

A: Globalization is the process through which individuals, businesses, and governments all over the…

Q: Suppose that Ciana is deciding whether or not to buy a pair of sneakers that she has been…

A: Total cost is the sum of explicit cost and implicit cost. Explicit cost is out of pocket expenditure…

Q: An efficient market for risk, such as an insurance market, is MOST likely to exist: a. when the…

A: The expected returns from an investment is consistent with the risk of that investment in an…

Q: When the economy is expected to be very strong, and inflation and interest rates are expected to…

A: Yield is the income from a fixed-interest security as a percentage of its price. A yield curve…

Q: Price Marginal Product Input 1 $10 4 Input 2 $15 A Input 3 $20 B Refer to the table above. If A = 6…

A: Following is the given information: Price of input 1 = $10 Price of input 2 = $15 Price of input 3 =…

Q: You can buy a property today for $3 million and sell it in 5 years for $4 million. (You earn no…

A: Rental income is the income received from renting out a property. It can be in the form of money, or…

Q: Toyota manufactures most of the vehicles it sells in the United Kingdom in Japan. The base platform…

A: Spot exchange rate: The spot exchange rate determines the rate at which domestic currency is…

Q: 106) The short-run average total cost curve eventually begins to increase at an increasing rate…

A: Total cost is the sum of fixed cost and variable cost. Average total cost is calculated by dividing…

Q: Suppose you run a regression with quantity as your dependent variable and advertising as one of your…

A: Regression analysis is a statistical technique used in economics to examine the connection between…

Q: Tim brings $40 to a football game to spend on sodas and pizza. The following diagram shows his…

A: Budget constraint depicts the combination of two goods that a consumer can afford given the price…

Q: Table 3-3 Maria Courtney Labour hours needed to make one unit: Sweater 40 20 Coat 8 5 Amount…

A: Absolute advantage applies to a nation's economic capability to manufacture a particular commodity…

Q: what happens when we move between two efficient points in a production possibility curve?

A: PPC is the short form of Production Possibility Curve.  PPC shows the production possibility of two…

Q: If a firm is currently producing zero output, total costs equals A. average variable costs. B.…

A: Total cost is the sum of total fixed cost and total variable cost.  Fixed costs are the cost that…

Q: Suppose Ben has preferences over food and clothes, denoted F and C. His preferences are typical.…

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