Oligopolistic Competitive Demand: Would the following factors increase or decrease the ability of domestic oil companies to raise prices and profit margins? Why? A. Train Law: excise tax B. Increased price of automobiles C. Increased import tariffs (taxes) D. A rising value of the dollar

Q: The cost C(Q) of producing a quantity Q of widgets to satisfy demand is C(Q) = 4000+20Q, but the…

A: Given:Mean of demand = 500Standard deviation of demand = 200C(Q) = 4000+20Q To find:Mean of cost =…

Q: A small computing center has found that the number of jobs submitted per day to its computers has a…

A: A set of data's spread or dispersion is measured by standard deviation. It describes the deviation…

Q: One hypothesis for explaining the socio-economic disparities in health is known as the "direct…

A: Health disparities are discrepancies in the burden of disease, injury, violence, or access to…

Q: elect one or more correct options and select Submit. Interest rates, wages and prices are linked to…

A: When an economy's inflation rate is too high and uncontrollably high, hyperinflation can occur. It…

Q: Factor payments in the Solow model. Assume that both labor and capital are paid their marginal…

A: Marginal product refers to the extra output that results from a small increase in a factor input.…

Q: Real business cycle (RBC) theorists agree that agents optimize and that markets clear, meaning that…

A: The most recent personification of the traditional idea of economic fluctuations is real business…

Q: Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses be…

A: The labor force participation rate is the percentage of the labor force in the working-age…

Q: Gilbert works for a local food company, where he earns w for up to 40 hours of work each week, and…

A: Gilbert earns w for up to 40 hours of work each week and then 1.5w for any hours worked overtime.…

Q: Using the SLM of Depreciation, what is the book value of equipment bought at P80,000 after 3 years…

A: Depreciation is the decrease in the value of asset due to normal wear and tear of the asset.…

Q: How is elasticity related to logarithms?

A: Elasticity refers to the value that indicates the ratio of the percentage change in the quantity…

Q: If the cross-price elasticity of demand between printed textbooks and ebooks is +0.70, a. are…

A: Cross price elasticity of demand measures the extent to which the demand for one good changes as a…

Q: What is the elasticity of demand for the demand curve Q = 10 – 5P when P=1?

A: Elasticity of demand, which is determined by the ratio of the percentage change in quantity wanted…

Q: 1. Assume you have two investment alternatives and they are not mutually exclusive as follows + Year…

A: Year CashFlow A Cash Flow B 0 200000 70000 1 60500 40500 2 80000 50000 3 120000 60000…

Q: The following is an excerpt describing the Oregon Medicaid lottery: In 2008, Oregon implemented a…

A: The randomized experiment, true natural experiment, and as if random natural experiments are…

Q: The case for drilling oil in ANWR is strengthened when the: O negative impact of drilling on the…

A: The Arctic National Wildlife Refuge (ANWR) is a protected area in northeastern Alaska that is home…

Q: When a country specializes in the production of a good, this means that it can produce this good at…

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

Q: Suppose the U.S. president is attempting to decide whether the federal government should spend more…

A: A federal government is a system in which local state governments that are interconnected with the…

Q: From California to New York, legislative bodies across the United States are considering eliminating…

A: Introduction The banking sector is a major area of finance and commerce that has been around in some…

Q: Indicate what components of GDP (if any) each of the following transactions would affect. Check all…

A: The four components of gross domestic product (GDP) are consumption, investment, government…

Q: 3.13. BODY SHOP. The UK Body Shop franchise network consists of three types of stores: franchised,…

A: The types of companies or business forms are the part and parcel of an economy. The economy…

Q: What are the arguments for and against such a monopoly? Illustrate your answer with a diagram.

A: A market structure known as a monopoly occurs when there is only one supplier or vendor of a certain…

Q: The short-run total cost function of repairing s cars is TC(y)=2y2+10. Find the following: (a.…

A: Fixed costs are costs that do not vary with the level of production or output. They are expenses…

Q: Different Schools of thought propose theories to explain government failure. Based on public choice…

A: Public choice theory is an economic theory that refers to the principles of microeconomics in the…

Q: The cost of upgrading a section of Grand Loop Road in Yellowstone National Park is $1.5 million.…

A: Capitalized cost is the cost that needs to be added to the fixed asset's cost basis and is…

Q: John invests $1200 at an annual rate of 4.4% compounded semi-annually for 3 years.

A: We use the formula for compound interest. A = P[1+r]ⁿ Since we have semi annually we use the…

Q: ng graph, plot the demand for laundry detergent using the blue point (circle symbol). Next, plot the…

A: The demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: The following production table gives estimates of the maximum amounts of output possible with…

A: The marginal product of Y measures the change in the total product due to the change in input Y,…

Q: Type of Production Automobiles Forklifts A 0 30 Production Alternatives B 2 27 C 4 21 6 12 E 8 0 a.…

A: Production possibility curve shows all combination of two goods which can be produced by the economy…

Q: Calculate GDP for a country with investment of $2 trillion, government purchases of $3 trillion,…

A: Gross Domestic Product (GDP) basically refers to a metric used to determine a nation's overall…

Q: critically discuss why financial markets should be regulated.

A: The financial markets refer to the system where the trade of all financial instruments is held. This…

Q: Many advertising slogans seem to be asserting something about people's preferences. How would you…

A: Introduction The utility is a concept used in economics to describe the pleasure or satisfaction…

Q: the basic needs strategy and the stratgic development goals are key instruments within the economies…

A: The basic needs strategy is an approach to development that emphasizes meeting the basic needs of…

Q: 5. Suppose that as a lottery prize you win a trip worth $8,000. You are uninterested in the trip,…

A: Given that the lottery prize is worth $8000 redeem after three years from now  Rate of interest =5%…

Q: If the market demand curve is Q = 100−p, what is the market price elasticity of demand? If the…

A: Competitive equilibrium is a condition wherein profit-maximizing producers and utility-maximizing…

Q: Is it true of false that the classical errors in variables (CEV) assumption is that the measurement…

A: Classical Errors-in-Variables (abbreviated as CEV) refers to a measurement model of error where the…

Q: Consider a simple economy that produces two goods: stickers and paper plates. The following table…

A: GDP is gross domestic product which is the market value of all final goods and service produced…

Q: New ads have been proposed and cost the company $5000 to run in each time slot. If the extra sales…

A: To determine how many ads should be run, we need to find the number of ads that will maximize the…

Q: e are interested in analysing the effect of the lockout laws introduced in some areas of the Sydney…

A: Given regression model viol_inc hat = 33.21 (5.29) + 12.43lockout (7.01) – 4.19Yr2015 (2.98) – 3.32…

Q: Consider a simple economy that produces two goods: stickers and paper plates. The following table…

A: Nominal and real GDP: GDP or gross domestic product determines the sum of the values of all end…

Q: Eddie Guitars 32 28 24 20 16 12 8 4 0 Tubas 0 1 Dave Guitars 25 20 15 10 5 0 2 3 4 5 6 7 8 Tubas 0 1…

A: Opportunity cost is the cost of producing one good in terms of other.  Comparative advantage is when…

Q: A sum is taken for 2 years at 12% per annum. If the interest is compounded every 6 months, how many…

A: Following is the given information: Time period = 2 years Interest rate = 12% per annum

Q: Figure 9-1 The figure illustrates the market for coffee in Guatemala. Price 150 140 130 120 110 100+…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  The higher…

Q: Suppose the value of a new financial security increases with time, such that one dollar of the…

A: Present discounted value shows the value that a future amount holds today. The future value and the…

Q: A night-club owner has both graduate student and professor customers. The demand for drinks by a…

A:

Q: The maintenance expense on a tractor is expected to be $5,000 during the first year and to increase…

A: Given  Maintenance expenses on a tractor in the first year is A1=$5000 Thereafter, expenses increase…

Q: #3. Characterize the unique subgame-perfect equilibrium in the following game. Can you find any Nash…

A: A Nash equilibrium is a circumstance in a game where each sub strategy in the game represents a…

Q: One hypothesis for exploring socioeconomic status health disparities hypothesis. This hypothesis…

A: The Grossman model is an economic model that explains the relationship between health and income. It…

Q: AAA Agricultural Machinery decides to invest in new robots. The cost of a robot is $1000. Suppose…

A: The term "tax-adjusted" refers to taking into account the effect of taxes when calculating a…

Q: True or false  Law of diminishing margnal utility law states that utility derived from each…

A: Utility is a term used in economics to describe how satisfied or happy a consumer feels after…

Q: If the consumer's income decreases to l'=100, then the budget line wi✔ shift inward (parallel to the…

A: Budget line shows the relationship between the two goods, their prices and the income of consumer.…