In the graph for Nike shoes, assume that Nike is selling their shoes in a monopolistically competitive market. What is the size of the firm's mark up? 05 OOO 10 15 20
Q: Use the dropdown to match the business with the appropriate market structure. Wheat Farmers…
A: An oligopoly refers to a market in which there are a few numbers of firms, hence the firms have some…
Q: Which of the ff. statements is correct? A. Indifference curves which look like letter L show that…
A: An indifference curve basically depicts a combination of two goods in various proportions that…
Q: In 2021 ABC government has a nominal budget deficit of $1000 billions with inflation rate 3%, and…
A: Nominal value includes the effect of inflation. Real value doesn't include the effect of inflation.…
Q: How long (in years) will it take to quadruple a money if it earns 2% compounded semiannually?
A: Compounding refers to a process in which the interest is accumulated on the principal amount as well…
Q: Under what condition will L&P agree to produce the allocatively efficient quantity?
A: A monopoly is a market structure where there is a single supplier of the product with no close…
Q: Consider a firm with production function: Y-KiLi. Suppose there is perfect competition. The real…
A:
Q: The firm maximizes his profit when MR = MC. Under the oligopolistic market, the profit maximization…
A: In a market, a profit-maximizing firm will produce an output at a point where its marginal cost…
Q: Demand: P-10-Q Marginal Revenue: MR = 10-20 Total Cost: TC = 3+Q+0.5Q² Marginal Cost: MC = 1 + Q The…
A: In monopoly , Monopolist will produce where MR = MC MR is the marginal revenue MC is the marginal…
Q: You are considering buying a 10-year-old machine for $280, or a new fuel-efficient machine for $600.…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Suppose that the current EUR/GBP exchange rate is £0.86 per euro. The current 6-month interest rates…
A: Arbitrage describes the demonstration of purchasing a security in one market and at the same time…
Q: You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you…
A: In the decision making process, sunk cost should not include. The decision is made based on the…
Q: 15) The US. has run down the nation's SPB, Strategic Petroleum Reserve, to levels not seen it since…
A: Provided information: The world market price for oil is determined by the equilibrium between the…
Q: A deposit of $37551 now at compounded interest rate of 10.4% per year will accumulate in 10 years to…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Refer to Table 13-1. What is total output when 5 workers are hired? a) 90 b) 185 Oc) -10 d) 225
A: In economics and in particular neoclassical economics, the marginal product or marginal physical…
Q: What are the four theories explaining the relationships of currencies, interest rates, and…
A: In this case, we have to find out the theories which explains the relationship between currencies,…
Q: During the Thanksgiving holiday, turkey meat and turkey gravy are? Select one. a. Substitutes in…
A: Substitute goods are those that fulfil similar types of demands and can be utilised in place of one…
Q: A newly proposed project has a first cost of $ 242835 and estimated annual income of $49564 per year…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Each year the U.S. typically operates its budget at a. O deficit O none of the above O balanced O…
A: A government budget is a summary of the anticipated receipts and outlays for a particular fiscal…
Q: Anti-trust laws are based on the O view that natural monopolies are inefficient fact that monopolies…
A: Introduction As suggested by the laws of classical economics free market economy is the best form of…
Q: Assume that the sacrifice ratio in the Philippines is 3, the unemployment rate is at its natural…
A: The sacrifice ratio denotes the amount of GDP that must be sacrificed in order to decrease the…
Q: Determine the value of the given gradient factor. (P/G, 14.5%, 17)
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Suppose you are the marketing manager for Fruit of the Loom. An individual's inverse demand for…
A: Introduction Demand is the quantity of commodity that a consumer is willing and able to buy, at…
Q: In social welfare programs, there is no way to change either the benefit reduction rate or the…
A: While conducting social welfare programs, in most of the cases, there would be a conflict between…
Q: The idea behind the Phillips curve is that when the unemployment rate is low, wages will increase…
A: The Phillips curve states the inverse relationship between inflation and the unemployment rate.…
Q: A horizontal merger that is estimated to increase the HHI for that market from 2,600 to 2,880 O is…
A: HI or HHI (Herfindahl-Hirschman Index) is a measure that indicates the market concentration.…
Q: Suppose that you are obtaining a personal loan from your uncle in the amount of $20,000 (now) to be…
A: Given, loan amount = $20000Number of year = 2Rate of Interest = 8% Lumpsum amount is the…
Q: (a) explain the term explicit and implicit costs.give examples. (b) what is economic profit as…
A: Explicit Cost: Explicit costs are out-of-pocket costs for a firm—for example, payments to labour,…
Q: Boeing and Airbus, change in profits ($m) from the development of a super jumbo jet. Airbus…
A: Provided information: There are two companies- Company-A and Company-B with the following strategies…
Q: 1. Discuss how COVID-19 has impacted on poverty and inequality. Using references & > 350 Words.
A: The COVID-19 pandemic has had a significant impact on poverty and inequality around the world. The…
Q: There are countries where corruption has been officially made systemic to aid their economic…
A: Many nations with emerging economies suffer from a high level of corruption that slows their overall…
Q: 1. If the demand and supply functions of a good are known, the following equation shows: P-12 Q+30=0…
A: A market equilibrium is a situation where the demand and supply of goods are equal. That is a…
Q: The long-rung production function of a competitive firm is f(L,K)= L¹/³K¹/2, where L is the amount…
A:
Q: Best Lights wants to prevent Bright Lights from entering the light bulb market, ff Best Lights…
A: Here we are explaining the strategic actions of 2 firms where one firm already exists in the market…
Q: You may be familiar with Phase 3 of the Marvel Cinematic Universe, which ends with the hugely…
A: The curve that shows the combination of two good that an economy can produce with the given factors…
Q: What type of annuity where the periodic payments (withdrawals) continue indefinitely? a. Annuity…
A: Disclaimer: - Since you asked for multipart question, we are solving only first 3 subparts as per…
Q: A series of equal semi-annual payments of $2453 for 4 years is equivalent to what present amount at…
A: Given: Interest rate = 12% Years = 4 years Semi-annual Payment = $2453 Period Cash flow…
Q: Professional malpractice insurance __________ the insured for up to the specified policy limit for…
A: Since you have posted multiple questions, we will provide the solution only to the first question as…
Q: mr.Rahim is plaining to pursue MBA studies.initail inquiry shows that he will have to pay RM 25,000…
A: Given information: Mr.Rahim is working with a salary of 2500 per month. He is planning to pursue…
Q: In a monopolistically competitive market, the demand for Zack's Rootbeer can be desribed as P=20-Q.…
A: Given, P=20-QMR=20-2QMC=2QATC=(Q2+10)Q Consumer surplus is the…
Q: How long (in years) will it take to quadruple a money if it earns %4.7 compounded semiannually?
A: Compounding interest refers to the interest that accumulate on both the principal and interest rate.…
Q: One of the world's largest airlines, Japan Airlines (JAL), is also one of the best customers of…
A: Exchange of contracts is when the two players swap and sign the contracts. Here you as the buyer…
Q: Which of the following is a preferential agreement?
A: Preferential trade agreements: (FTAs) eliminate boundaries to exchange among individuals and…
Q: Consider the following IS-LM-BP model: IS Model: C = 250 +0.5(YT); T = 110 + 0.11Y; I = 150+ 0.35Y -…
A: Equilibrium conditions for following markets - IS : Y = C + I + G + NX LM : Ms = Md (Money…
Q: The AUS Enterprise has 1,500,000 shares of common stock outstanding. If a dividend of $30,000,000…
A: To calculate the dividends per share of common stock, you need to divide the total amount of…
Q: 5 An economy experiences a decade in which the quarterly unemployment rate fluctuates between 2.5%…
A: Market equilibrium alludes to a circumstance where quantity demanded and quality supplied of a good…
Q: QUESTION 21 Corporations are carefully planned organizations, contrary to the common stereotypes.…
A: A corporation can be defined as a company that involves a group of people. Corporations are given…
Q: 6. A significant increase in labor productivity due to better STEM education. 1. Before: 2. Shifter…
A: Aggregate demand is the sum of consumption , Investment , Government spending and net export.…
Q: South Asia has a lower income per capita than subSaharan Africa.” Comment on the validity of…
A: The amount of money made by each resident of a region (such as a nation, state, city, or other…
Q: The demand for hamburgers is given by Qd=10-p and the supply is Qs=4p-10, where pd and ps are,…
A: "Since you have posted a question with multiple subparts, we will solve first three subparts for…
Q: A 30-year-old person wants to accumulate $600,000 by the age of 65 when he retires. How much will he…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Give type answer i will Rate
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- 4. You are the manager of a firm that produces products X and Y at zero cost. Youknow that different types of consumers value your two products differently, but you are unable toidentify these consumers individually at the time of the sale. In particular, you know there arethree types of consumers (100 of each type) with the following valuations for the two products: Consumer Type Product X Product Y1 $90 $ 602 $70 $1403 $40 $160 a. What are your profits if you charge $40 for product X and $60 for product Y?b. What are your profits if you charge $90 for product X and $160 for product Y?c. What are your profits if you charge $150 for a bundle containing one unit of product X andone unit of product Y?d. What are your profits if you charge $210 for a bundle containing one unit of X and one unit ofY, but also sell the…1. If the firms in a monopolistically competitive marketare earning economic profits or losses in the short run,would you expect them to continue doing so in the longrun? Why? 2. Is a monopolistically competitive firmproductively efficient? Is it allocatively efficient? Whyor why not? 3. What stops oligopolists from acting together asa monopolist and earning the highest possible level ofprofits?9. Suppose Warner Music and Universal Music are in a duopoly and currently limit themselves to 10 new artists per year. One artist sells 2 million songs at $1.25 per song. However, each label is capable of signing 20 artists per year. If one label increases the number of artists to 20 and the other stays the same, the price per song drops to $0.75, and each artist sells 3 million songs. If both labels increase the number of artists to 20, the price per song drops to $0.30, and each artist sells 4 million songs. Explain how revenue payoffs for each scenario are calculated. If this game is played once, how many artists will each producer sign, and what will be the price of a song? If this game is played every year, how many artists will each producer sign, and what will be the price of a song?
- 1.Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Under which of these market classifications does each of the following most accurately fit? (a) a supermarket in your hometown; (b) the steel industry; (c) a Kansas wheat farm; (d) the commercial bank in which you or your family has an account; (e) the automobile industry. In each case, justify your classification. LO12. You are the manager of a monopoly, and your demand and cost functions aregiven by:Q = 25 - 0.5PC(Q) = 50 + 2Q a. What is your profit-maximizing price and level of production?b. What are your firm’s maximum profits?c. How would LR profits, prices, and production levels differ if you were in a monopolistically competitive market? Explain with words and a graph.d. If you are in a monopolistically competitive market, what might you do to prevent LRadjustments?1. Is a monopolistically competitive firm productively efficient? Is it allocatively efficient? Why or why not? 2. What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits? Is there a way for oligopolists to attempt to maximize profits? What are the risks of such attempts (and utimately, generally cause such attempts to fail)?
- 14. Aside from advertising, how can monopolisticallycompetitive firms increase demand for their products? 17. Would you expect the kinked demand curve to bemore extreme (like a right angle) or less extreme (like anormal demand curve) if each firm in the cartel producesa near-identical product like OPEC and petroleum?What if each firm produces a somewhat differentproduct? Explain your reasoning.6 Suppose that chocolate is a monopolistically competitive industry in both the United States and the EU. Suppose that in the past neither the US nor the EU have allowed chocolate imports from each other. Both now allow free trade in chocolate. The result is that the demand curve for each firm in the United States will be a) More elastic and also that of the EU. b) More elastic and, therefore, less elastic than the EU. c) Least elastic and, therefore, the most elastic that of the EU. d) Answers (B) and (C) may be correct.Suppose we have another firm known as the Sanda Corporation which makes a product known as "Delgados". Suppose that its FC=$2,000 and its TC=$5,000 and its AVC=$48. What is the ATC? O $20.50 O $70 O $80 O $100 O Not enough information
- Assume that in short-run equilibrium, a particular monopolistically competitive firm charges $12 for each unit of its output and sells 52 units of output per day. The average total cost (ATC) for those 52 units is $10.Instruction: Round your answers below to the nearest whole number.How much revenue will the firm take in each day? $ What will be the firm's economic profit or loss? of $ Next, suppose that entry or exit occurs in this monopolistically competitive industry and establishes a long-run equilibrium.If the firm’s daily output remains at 52 units, what price will it be able to charge? $ What will be its economic profit or loss? of $Two firms with the same (constant) marginal costs are engaging in Bertrand competition. One of the companies exits the industry. As a aconsequence, the price for the other firm increases by 50%. What is the elasticity of demand in this market?O. 3O. 2O. 2.5O. 45. (a) Assume that two firms A and B are in different industries (like computer software and computer hardware). What impact will a merger between these two firms have on the number of firms in each industry after the merger? Please give an explanation. (b) Current automobile companies are facing a shortage of computers chips used in cars to run various parts of the car, and therefore supply of cars has decreased since a necessary part(s) is not available. If an auto company like General Motors (GM) decided to buy a chip manufacturing company to ensure that it did not face a chip shortage in the future, would such a purchase lead to more concentration in either the auto industry or the chip-manufacturing industry? Please give an explanationexplanation.
