Q: the writer proposed for the right combination of fiscal and monetary policies as a better alternativ...
A: Monetary policy is a policy that is used to control the supply of money in the market and stable eco...
Q: A product that has a list price by the company to be 589 while the variable cost of manufacturing is...
A: Answer 1. At Breakeven, Total Cost = Fixed Cost + Variable Cost VC varies with the...
Q: Suppose that there are three beachfront parcels of land available for sale in Asilomar and six peopl...
A: A person purchase a good when the price of a good is below or equal to its willingness to purchase f...
Q: When a shift in ________________ occurs, rational expectations hold that its impact on output and em...
A: Rational expectations refer to the individual behavior that allows them to utilize the given resourc...
Q: The cost of first-class postage has risen by about 5% per year over the past 30 years. The U.S. Post...
A: Price Inflation: Price inflation refers to the effect of economic inflation on the prices of the com...
Q: 4. The first Pepsi yields Craig 18 units of utility and the second yields him an additional 12 units...
A: Utility refers to the satisfaction which is received by an individual from consumption of a good. Th...
Q: What is natural GDP
A: GDP(gross domestic product): It is the sum of all the final goods and services that are produced in ...
Q: : According to the Fisher effect, how does an increase in the inflation rate affect the real interes...
A: The nominal interest rate( or i) is the amount (in terms of percentage) that a commercial bank pays ...
Q: Suppose three firms compete in a homogeneous-product Cournot industry. The market elasticity ofdeman...
A: Number of firms, N = 3 Market elasticity, Em = -2 Marginal cost, MC = $50
Q: A new medical study reports that washing your hair everyday increases the probability of baldness. P...
A: Demand for a product like car and toys is determined by factors like product price, price of rivals'...
Q: Hinson’s Homegrown Farms needs a new irrigation system. System one will cost $145,000, have annual m...
A: In order to maximize the company's worth and remain profitable, business activities relate to tasks ...
Q: If the Indian government unexpectedly announces thatit will be imposing higher tariffs on foreign go...
A: Exchange rate is the price of a currency of one country in terms of the currency of another country....
Q: What's the value to you of a $1,000 face- value bond with an 8% coupon rate when your required rate ...
A: A bond is an instrument being issuer to the holders of indebtedness of the bond.
Q: 4. The first Pepsi yields Craig 18 units of utility and the second yields him an additional 12 units...
A: Given that: Utility from the first Pepsi U(1) = 18 units Utility form second Pepsi MU(2) = 12 uni...
Q: (The demand and supply functions for a product are given in dollars, with q representing quantity, s...
A: The market is in equilibrium when demand is equal to the supply. The demand curve is quadratic func...
Q: 1. Consider an industry with inverse demand given by p = 8 – q, where p is the price, and q is the q...
A: Given: The inverse demand is given by p = 8 – q P = Price q = quantity Cost function = C = 2q To Fi...
Q: A good's price elasticity of demand depends in part on how necessary it is relative to other goods. ...
A: The elasticity of a good depends upon how necessary the good is relative to other goods. Since Amput...
Q: Suppose that society could produce the following combinations of pizzas and books: Alternative Quant...
A: As per guidelines, we will answer the first three subpart questions. a. PPF curve of pizzas and book...
Q: When a firm hired it tenth worker, its factory output increase by four units per month. Would you ex...
A: There are two forms of inputs in the short-run: fixed and variable inputs. The fixed inputs are the ...
Q: In general, managerial economics refers to the integration of economic theory with business: a) Ethi...
A: Due to the near interrelation between management and economics, Managerial Economics has grown. Mana...
Q: Give a detailed answer to the theoretical question:Display graphically changes in the equilibrium in...
A: The central bank uses different monetary tools to control inflation and money supply in the economy....
Q: 1. The first Pepsi yields Craig 18 units of utility and the second yields nim an additional 12 units...
A: Total utility from 2 pepsi is (18+12) units i.e. 30 utils whereas total utility from 3 pepsi is 38 u...
Q: Based on the above data answer the following questions: (a) Construct the expected opportunity loss ...
A: Expected opportunity loss is a tool that is used to make decisions when the conditions are uncertain...
Q: please Answer
A: Input resources are those resources that are used in the production process to produce the output.
Q: What is the superstar phenomenon? What factors create superstars in certain occupations and not in o...
A: Occupation is the source of living and earning incomes for the people. Being involved and employed i...
Q: Give a detailed answer to the theoretical question:Display graphically changes in the value of domes...
A: Exchange rate refers to the value of one currency in terms of other currency. It is the rate at whic...
Q: Give a detailed answer to the theoretical question: Show as a diagram and explain the time lags in m...
A: Ineffectiveness of economic policies such as Monetary and Fiscal policy are due to time lags that re...
Q: When does an economy experiences stagflation? a) Falling prices and rising output b) Falling prices ...
A: Stagflation is a condition wherein the inflation is strong, the economic activity decreases, and job...
Q: Describe the process of “securitization” in your ownwords. Was this process solely responsible for t...
A: Recession: A recession could be an economic science term that refers to a major decline normally eco...
Q: Think about a competitive market in which youparticipate regularly. For each of the characteristicso...
A: Market Structure depicts how firms are categorised and differentiated based on how their operations ...
Q: uppose a closed economy with no government spending or taxing is capable of producing an output of $...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: Which of the following apply to oligopoly industries? Select one or more answers from the choices sh...
A: Imperfect market structures are those markets where individual firms have the power to influence the...
Q: A German worker takes 400 hours to produce a carand 2 hours to produce a case of wine. A Frenchworke...
A: a. Gains from trade are based on the comparative advantage, which is based on opportunity cost. To g...
We typically focus on firms from well-developed economies entering markets of less developed economies. Do firms from less developed economies have a chance of success if they enter developed markets, such as the United States? What competitive advantage could a firm from a less developed economy rely on in entering developed markets? What would likely be the best entry mode?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Is going international something that only large and established firms should pursue after they have achieved success in their domestic markets “right off the bat”? Which are some reasons to “go international” by small and new firms? (list and explain the reasons)
by Bartleby Expert
- In some industries, securing the adoption of an industry standard that is favourable to one’s own product is an enormous advantage. It can involve marketing efforts that grow more productive the larger the product’s market share. Microsoft’s Windows is an excellent example.2 The more customers adopt Windows, the more applications are introduced by independent software developers, and the more applications that are introduced the greater the chance for further adoptions. With other products the market can quickly exhibit diminishing returns to promotional expenditure, as it becomes saturated. However, with the adoption of new industry standards, or a new technology, increasing returns can persist.3 Microsoft is therefore willing to spend huge amounts on promotion and marketing to gain this advantage and dominate the industry. Many would claim that this is a restrictive practice, and that this has justified the recent anti-trust suit against the company. The competitive aspects of this…Two countries-A and B. Downward-sloping market demand in both. Firm Marginal Cost is upward sloping. The market price in A is higher than in B. Claim: the Marginal Cost in A is higher than in B. Agree, Disagree or It Depends? Explain your reasoning. Keep your responses short and precise. Under 250 words is a good rule of thumb.For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model. Select the matching entry for each dropdown box in the following table. Scenario Number of Firms Type of Product Market Model A large city has lots of small shops where people can buy sweaters. Each store's sweaters reflect the style of that particular store. Additionally, some stores use higher-quality yarn than others, which is reflected in their price. There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who has passed inspections can acquire and maintain their license. Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter…
- Microsoft is the only business that sells Computer Operation System in the world. Assuming that Microsoft is maximizing its profit, which of the following statements is true? Select one: a. Microsoft prices will be less than marginal cost b. Microsoft prices will be higher than marginal cost c. Microsoft prices will equal marginal cost. d. Microsoft prices will be a function of supply and demand and will therefore oscillate around marginal costs.When the number of competing firms is small in a market, is this market necessarily different from a perfectly competitive market in terms of market power and efficiency? Develop your in-depth analysis and argument on the basis of relevant economic theory or models. Also discuss and explain how market power can empirically and practically (from a competition policy point of view) be assessed.Suppose you observe that a particular business has earned positive profits over time and maintained a large share of the market. Which of the following is likely to be true? Group of answer choices Demand for the product is probably elastic The business must be engaging in price discrimination There is probably a barrier to entry preventing new firms from competing Supply must be inelastic Government intervention in this market is probably limited
- A free market is one where decisions regarding what and how much to produce are made by the market itself. This market is made up of buyers and sellers negotiating prices for goods and services. It is generally accepted that there are four degrees of competition within a free-market system. These include perfect competition, monopolistic competition, oligopoly, and monopoly. One benefit of the free market is that it allows open competition among companies. Businesses must provide customers with high-quality products at fair prices with good service. If they don't, they lose customers to businesses that do. Select the degree of competition that best describes each listed industry or business based on the description.Your firm must decide whether or not to introduce a new product. If you introduce the new product, your rival will have to decide whether or not to clone the new product. If you don’t introduce the new product, you and your rival will earn $1 million each. If you introduce the new product and your rival clones it, you will lose $5 million and your rival will earn $20 million (you have spent a lot on research and development, and your rival doesn’t have to make this investment to compete with its clone). If you introduce the new product and your rival does not clone, you will make $100 million and your rival will make $0. 1. Set up the extensive form of this game. 2. Should you introduce the new product? 3. How would your answer change if your rival has “promised” not to clone your product? 4. What would you do if patent law prevented your rival from cloning your product?From the 1990’s to now, the market has changed considerably, with DeBeer having to adapt to new challenges. The first is the introduction of direct competitors. Russia’s state-owned diamond company ALROSA now produces more diamonds than DeBeers itself. Some new firms even bought mines from DeBeers when the company was trying to support their balance sheet. Another change is the introduction of substitutes, with synthetic diamonds becoming more appealing to price-conscious young shoppers. Advances on the production of these products are fairly recent, notably, in 2015 New Diamond Technology displayed the potential of synthetics by creating a ten-carat polished diamond. This means the market is changing from monopoly to monopolistic competition. We know that entry of other firms will cause the monopolists demand curve to shift. 4. From the 1990s to now, the market is changing from monopoly to monopolistic competition. Explain reasons for this change.
- How would you explain allocative efficiency in a purely competitive market structure? Group of answer choices Firms produce the quantity where the price consumers pay is less than the cost to society to produce it. Firms produce that quantity where the price consumers pay equals the cost to society to produce it. Allocative efficiency is a concept involving only two goods, so it cannot be applied to a perfectly competitive market.. Firms ensure that they produce enough quantity so that everyone who wishes to buy the product can do so.Verizon can be viewed as a first mover. Now suppose both ATT and Verizon are considering whether and how to enter a potential market. Market demand is given by the inverse demand function p= 900−q1−q2, where p is the market price margin, q1 is the quantity sold by Verizon and q2 is the quantity sold by ATT. To enter the market, a retailer must build a store. Two types of stores can be built: Small and Large. The Small store requires an investment of $50,000, and it allows the retailer to sell as many as 100 units of the goods at zero marginal cost. Alternatively, they can pay $175,000 to construct a Large store that will allow it to sell any number of units at zero marginal cost. Assume Verizon enters and builds a Large store (i.e. chooses to build a Large store L1 at the first stage.) Calculate Verizon's profit for the following cases: a.) ATT chooses not to enter N at the second stage after viewing Verizon's choice. b.) ATT chooses to build a Small store S at the second stage…Verizon can be viewed as a first mover. Now suppose both ATT and Verizon are considering whether and how to enter a potential market. Market demand is given by the inverse demand function p= 900−q1−q2, where p is the market price margin, q1 is the quantity sold by Verizon and q2 is the quantity sold by ATT. To enter the market, a retailer must build a store. Two types of stores can be built: Small and Large. The Small store requires an investment of $50,000, and it allows the retailer to sell as many as 100 units of the goods at zero marginal cost. Alternatively, they can pay $175,000 to construct a Large store that will allow it to sell any number of units at zero marginal cost. Assume Verizon stays out of the potential market (i.e. chooses not to enter N1 at the first stage, q1= 0). Calculate Verizon's profit for the following cases: a.) ATT chooses not to enter N at the second stage after viewing Verizon's choice. b.) ATT chooses to build a Small store S at the second stage…
