Explain why Oligopolistic market decisions are more difficult compare to other market structures? Use a local example to support your explanation

Q: Dollars F $15- e $10- $6 D $2 2,000 1,000 1,200 Quantity per period Use the graph above. If the…

A: Equilibrium is achieved at the output level where Qs equals Qd.  Thus Q*= 2000 units and P*= $ 10

Q: You are considering making an $80,000 investment in a process improvement project. Revenues are…

A: In business and for designing financial matters in both modern designing and structural designing…

Q: Consider the perfectly competitive market for California oranges. Explain the characteristics that…

A: In perfect competition, there are large number of firms selling homogeneous goods.

Q: In this market, the equilibrium hourly wage is $ , and the equilibrium quantity of labor is thousand…

A: The measure that depicts various quantities of goods and services being demanded by consumers at…

Q: You just deposited $3,500 in an investment account and will deposit $5000 more four years from now.…

A: Given  Today deposited amount A0 =$3500 After 4 years from now, the deposit A4 =$5000 We have to…

Q: A country reported nominal GDP of $200 billion in 2006 and $180 billion in 2005; it reported a GDP…

A: the GDP deflator measures the changes in the GDP that results from changes in the price level.…

Q: ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost…

A: Under the SYD strategy, the depreciation rate percentage for every year is determined as the…

Q: TFC TVC 0 65 105 135 167 a. 203 244 293 d. 55 355 432 10 527 3. Draw the short-run MC, AVC, and AC…

A: Given  Q FC TVC TC AVC 0   0     1   65     2   105     3   135     4   167     5 a…

Q: A copayment is a shared medical expense belween.   A.a parent and child   B.the insured and the…

A: Health insurance companies have introduced Co-payment systems in order to reduce the chance of moral…

Q: q 0 TFC TVC 0 65 105 135 4 167 5 a. 203 6 244 7 293 d. 8 55 355 9 432 10 527 e. 2. In Production…

A: Production is the process of transforming the inputs ( raw material ) into output using labour and…

Q: Under the Neo-Classical growth model, for a given the intercept, a steeper aggregate demand function…

A: The neoclassical growth theory was first propounded in the year 1956 by Robert Solow and Trevor…

Q: 1) (a) Find the mixed strategy equilibria of the following game: Column Left Right Up 8,4 4,0 Row…

A: Game Theory deals with the concept of decision making where two players play or make decisions based…

Q: Benefits are payable in a Critical Illness Plan for which of the following situations or illnesses?…

A:

Q: Explain how to figure out the number of tubes each company would need to manufacture and sell to…

A: The term "manufacturing" basically refers to the process of transforming raw materials or component…

Q: When production in an economy grows more quickly than the population in that economy, which of the…

A: Productivity refers to the ability to produce goods and services with the given resources and…

Q: The demand equation for the deluxe marble kit produced by Whoville Marble Works (WMW) is p = 600 -…

A: Given  Demand equation for deluxe marble kit p=600-3q-0.01q2          ... (1) Where p denotes price…

Q: 2. What is the significance of understanding the economic role of financial institutions, as well as…

A: Financial institutions nourish commercial clients and consumers with a wide range of services and…

Q: National Service Reserve Corporation

A: Welfare services Welfare refers to government-sponsored assistance programs for low-income…

Q: The Director of Jonat Enterprise hires labour (L) and rents capital equipment (K) in a competitive…

A: Production function : Q = 14K0.5 L0.5 + 10  Profit maximizing utilization of any input is the till…

Q: Question 34 Use the information in the table below to calculate the Real GDP for each year during…

A:

Q: 2006 Statistics 2007 Statistics 2008 Statistics Product Quantity Price Quantity Price Quantity Price…

A: Here, information about the price and quantity of 4 goods is given  for three years among which let…

Q: the wage rate of labour is GH¢2 per hour and capital is rented at GH¢5 per hour. Also, the unit…

A: Production function : Q = 14K0.5 L0.5 + 10  Profit maximizing utilization of any input is the till…

Q: Gross domestic product (GDP) data are used as a means to measure welfare. to observe long-run growth…

A: GDP is significant since it gives information about an economy's size and health. The rate of…

Q: . Determine the equivalent present worth in year O (PT) of all of the cash flows at i = 18% per…

A: Arithmetic Gradients which means that An arithmetic gradient is a cash flow and also, one where the…

Q: Economic profit is: total revenue minus explicit costs. total revenue minus explicit and implicit…

A: Merely Economic profit is actually is a certain form of the profit or the output which is derived…

Q: Which factor of production is almost never included in a firm's fixed costs? Land Labor Capital All…

A: Land, labor, and capital are considered factors of production.

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Given information Ghana is agricultural dominated country. It's 50% population is working in…

Q: Consider the population regression of log earnings [Y₁, where Y,= In(Earnings;)] against two binary…

A: Regression analysis alludes to a technique, that centres around investigating the relationship that…

Q: Consider the graph below. Should this firm stay oper shut down in the short run and why? MC ATC* AVC…

A: Over the short run, firm must get variable cost recovered to stay open in the market. A firm will…

Q: Repackaging the merchandise Man Measure ← Lack of attention to weight - box Reception in bad…

A: As Newton has stated that 'for every action there is an equal (magnitude) and opposite (direction)…

Q: Government economic planning has a historically better record of creating prosperity than the free…

A: Free market refers to the economic system in which the private sector dominates the economy. In this…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Given information Ghana is agricultural dominated country. It's 50% population is working in…

Q: Ed received an income tax refund of $3,200 in September 2019. He put the money in a drawer and spent…

A:

Q: A nonlinear function: OA. can be adequately described by a straight line between the dependent…

A: A linear function graph is a straight line. For example: Y = 5 + 8X…

Q: Economic profit is: total revenue minus explicit costs. total revenue minus explicit and implicit…

A: Total revenue is the product of price and quantity sold.

Q: What are the factors affecting the demand for air travel within the United States?

A: Introduction Low flight prices, rising standard of living, and an anticipated recovery in global…

Q: A company in a free competition market has marginal costs given by MC (Q) = 60 + 4.Q where Q is the…

A: A competitive market where large numbers of buyers and seller exchange homogeneous product at the…

Q: Collusion between firms is: A merger of two sellers Regulatory restrictions on the entry of new…

A: Collusion is part of a collusive oligopoly in which the firms join hands and restrict their output…

Q: Why can't the answer be the Ricardian economic theory? The theories are very similar but what…

A: In Ricardo's theory, which depended on the labor hypothesis of significant worth (basically, making…

Q: In the context of the Keynesian model, which of the following statements is incorrect? Group of…

A: Keynesian cross model determines the equilibrium level of output produced in the economy.

Q: An engineer bought an equipment for 500,000. He spent an additional amount of 35,000 for…

A: The cost of the equipment =500,000 Additional amount spend for installation = 35000 Estimated…

Q: Your firm's research department has estimated your total revenues to be R(Q) = 3,000Q - 8Q and your…

A: Net benefits are the difference between total revenue and total cost. Profit is maximized where…

Q: Consider a firm that has the following production function: Y = min{x₁, ½x2}. The inputs' prices are…

A: Both inputs are used in the fixed proportion. This is a case of complementary inputs.

Q: = Use the following table to answer the question about taxes, where P Price buyers pay, P, Price…

A: Tax revenue is included in the Receipt Budget, which is then included in the Union Budget's Annual…

Q: Assume that pickled eggs are an inferior good and its market is currently in equilibrium. What will…

A: Given: Pickled Goods are inferior good and its market is currently in equilibrium.

Q: Consumer surplus is equal to: the consumer's willingness to pay for the good, minus the marginal…

A: A consumer surplus happens when the cost purchasers pay for an item or administration is not…

Q: What is the current federal fund rate using Taylor Rule. The inflation rate is 5%, target inflation…

A: Taylor rule: R = r* + π + 0.5*(π - π*) + 0.5*(Output gap) where, R = nominal federal funds rate  r*…

Q: Are luxury and sustainability compatible?

A: The findings reveal that luxury customers have mixed attitudes about sustainability, believing that…

Q: ou are given the following information for a country: population of working age 6 million; labour…

A: Labor force = Employed + Unemployed Unemployment rate = (Unemployed / Labor force)*100 Employment…