Question 43: In oligopolistic markets, explain the price rigidity using the kinked demand curve.

Q: Robin owns a horse stable and gives riding lessons for children at Pony Camp. His business operates…

A: The structure of a market where there are a large number of buyers and sellers selling homogenous…

Q: Assume that the oil extraction company needs to extract Q units of oil (a depletable resource)…

A: P=20-0.2q MC=$ 3 Discount rate= 2%

Q: In this time of pandemic , what appropriate bill would you propose to save the dying economy of our…

A: Pandemic is the adverse condition where all the economy is at its low. The aggregate demand, and…

Q: How does the IS-IM model shift in regards to the implementation of universal basic income?

A: Using the IS-LM model, analyze the implications of implementing universal basic income. The IS curve…

Q: An increase in unemployment is seen graphically as a movement to the left along a movement to the…

A: Philips curve shows relationship between inflation rate and unemployment rate.

Q: Explain how the theory of absolute advantage conflicts with the theory of mercantilism

A: In response to the mercantilism system that ruled 18th century economic theory.Adam Smith disproved…

Q: American and Japanese workers can each produce 4 cars per year. An American worker can produce 10…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

Q: Q2/1- Find the z value to the right of the mean so that a. 96.71% of the area under the distribution…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: There are two firms A and B. Firms compete in a Cournot Duopoly in Karhide. They set quantities qA…

A:

Q: Refer to the figure above. If the market had been competitive but was taken over by a cartel, as…

A: The equilibrium is established where the P =MC. But in the cartel profit is maximized where the…

Q: Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give…

A: Tax Rate refers to the rate or percentage of income that the government deducts from an individual’s…

Q: Problem 6 Your company is in the process of adding a new line for making a new product. The fixed…

A: Given information Fixed cost=$21000 Variable cost=$50 per unit P=-0.5X+300

Q: Suppose that you are asked to conduct a study to determine whether smaller class sizes  lead to…

A: Observed data is valuable in a multitude of domains, including functional and behavioral studies of…

Q: 1. A firm is currently charging a price of $150 and is considering a price change. They currently…

A: The demand curve shows the inverse relationship between price and quantity demanded. The demand…

Q: Nominal GDP is $6,900, real GDP $5,600. GDP deflator equals OA. 100. OB. 123.21. OC. 143.31. OD.…

A: Here, given information is: Nominal GDP: $6,900 Real GDP: $5,600 To find: GDP deflator

Q: A group of 100 residents in a small community have decided to pay for a local police force. Each…

A: The above question is based on the concept of marginal value. Marginal value refers to the next…

Q: Questions 12 & 13 relate to the following graph: $ P3 ď P₂ P₁ 12 The graph best represents: 13 Ở Qo…

A: "An externality represents a benefit or a cost generated by a producer or consumer and is not…

Q: 5. Suppose that labor cost P350.00 per day and rental price of capital cost is P2,000.00 per unit.…

A:

Q: Which of the following statements is false? （only 1 correct answer） A. Unions can have sufficient…

A: A competitive market refers to one in which no one customer or producer has significant market…

Q: Q.9 What is the difference between M1 and M2 definition of the money supply?

A:

Q: QUEST Assume that a country is endowed with 2 units of oil reserve. There is no oil substitute…

A: Answer is given below

Q: Gillespie Gold Products, Inc., is considering the purchase of new smelting equipment. The new…

A: The term cash flow alludes to the net amount of endlessly cash equivalents being moved all through…

Q: what is duverger's law and how dose it help to explain the two-party system in the us?

A: Maurice Duverger, a French sociologist, is widely credited with discovering and documenting this…

Q: The following is the production schedule of a certain firm. A unit of labor cost 50 pesos per hour…

A: In short run, capital is fixed input and labor is variable input => Fixed cost = capital units *…

Q: Player 2 Cooperate (1,000, 1,000) Cheat (400, 2,000) Player 1 Cooperate Cheat (2,000, 400) (500,…

A: "Nash equilibrium in game theory occurs at a point where each player has an optimal outcome and no…

Q: Federal income tax is (a. progressive  b. proportionate (flat) c. regressive) , Social Security tax…

A: Note: You have uploaded multiple questions at a time. Hence, we shall answer only the first one for…

Q: ue alse JESTION 16 nomies grow in both the short run and the long run at regular and predictable…

A: (15) FALSE Each economic system has its own distinctive attributes, in spite of the fact that they…

Q: entify a political, economic or social issue which are considered as pressing issues to be addressed…

A: Regulations and distortions that build a divide between the productive and unproductive sectors of…

Q: A market has demand given by P = 35-4Q. If the market price is $15, what is consumer surplus? $100…

A: "A consumer surplus occurs when buyer of the product pay less price for that product than his/her…

Q: 82. Figure: Price and Quantity 2 Price $100 A 80 60 40 20 50 B C E F S D D 10 20 30 40 50 60 70 80…

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: d) If real GDP in Ourland in 2007 was $1.1 million, when real GDP in 2006 had been $1.0 million,…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: The time cost estimates for the various activities of a design project are given below: Normal…

A: Introduction Time cost optimization is the relation between bringing the time and cost required to…

Q: In the Model of Open Economy (Figure 1 below), use Saving (S), Investment (1). Net Export (NX), Net…

A: Here, some of the economic activities are mentioned as demand and supply of loanable funds, and…

Q: ependent variable: Pass. egression Model Probit Logit LPM Probit Logit egressor (1) (2) (3) (4) (5)…

A: * SOLUTION :-    Given that ,

Q: 6. Given the pay-off matrix that shows the annual profits for alternative pricing decisions faced by…

A: * SOLUTION :-  Given that ,    As per guidelines I answered first 3 subparts please repost other…

Q: 1.The Data of unemployment is given Below: * Unemployment popculation is 5.5 million *…

A: "Unemployment indicate the number of people who are not working or out of work but are actively…

Q: [Questions 27-28] Determine how various attributes impact the purchase of a car. There are four…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1. What is the present worth of annually payments (2000$) if the first payment will deposit after…

A: Given information, Annual payment (A): $2000 Time period (N): 15 years Interest rate (i): 7% To…

Q: In what sense is a competitive equilibrium a good or bad thing for a given economy?

A: When talking about competitive equilibrium, it is the situation in the market where many firms…

Q: 5. What is player 3's knowledge of player 1's choice: 1 A 113 1 L 1 3 RL 000 R 113 3 L RL R 2 1 1 2…

A: Here, the given payoff tree explains a game with three players where player 1 performs A or B,…

Q: 8) The government unit that wants to achie more favorable to impose tax on goods whose demand is A)…

A: Government raises its revenue through the tax. The actual collection of revenue will depends on the…

Q: What are the benefits to future researchers if we investigate the relationship between migration and…

A: Inequality: It refers to the process under which the resources are distributed in an unequal way.…

Q: Suppose the inverse demand curve on ore is given by P = X - 0.29 Q. Ore can be either mined or…

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

Q: Short analysis about Tesla Inc. in 2018?

A: Tesla Motors was formed in Silicon Valley in 2003 by a group of engineers, including the…

Q: All question are with regards to the following set up. There are two firms A and B. Firms compete in…

A: Given information Demand function P=18-qa-qb C=3q Firm B is domestic firm Firm A is foreign firm…

Q: what are some positive pecuniary externalities from trains?

A: An externality is an expense or advantage brought about by a maker that isn't monetarily caused or…

Q: Q4-a) A nuclear power company presently spending OMR 1200000 per year to dispose the spent fuel in…

A: Given information 2 plants Water disposal Annual cost=1200000 Land disposal plant Initial…

Q: The details for the two project proposals are shown below: IRR NPW (15%) EUAW(15%) PROJECT 1 20.01%…

A: Answer is given below

Q: 3. Two players play the following normal form game. Left Middle Right 1\2 Left 4,2 3,3 1,2 Middle…

A: Probability =p is that game continues next period and (1-p) that it will ends gives the discount…

Q: 5. A plastic company operates 300 days a year. It produces and supplies 300,000 plastic caps for…

A: Operates = 300 days Supplies = 300,000 plastic cups Production = 12000pcs Annual Carrying Cost =…

Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.