Question 8 Which of the following statements about oligopolies is NOT correct? Group of answer choices Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues. Oligopolistic firms are interdependent in a way that competitive firms are not. The actions of any one seller can have a large impact on the profits of all other sellers. An oligopolistic market has only a few sellers.

Q: Suppose an economy has a high rate of unemployment and a high rate of inflation. What kind of policy…

A: The measure that depicts a general rise in the price level of goods and services during a specified…

Q: Process X is estimated to have a fixed cost of $35,000 per year and a variable cost of $60 per unit…

A: From the question, we get the following date Estimated fixed cost of Process X = $35,000 per year…

Q: Brazil is able to produce 10 cars and 5 computers in one hour while India is able to produce 1 car…

A: Comparative advantage refers that it is a tool which is used for calculate the optimal use of two…

Q: If the monetary base is $1,000, the reserve-deposit ratio is 0.1 and the currency deposit ratio is…

A: The money multiplier is the mechanism that tells us about how much of the monetary base of any…

Q: True or false? Basic economic concepts can be used to understand the pricing of products.

A: Economics refers to the social science that studies the production, distribution, and consumption of…

Q: Find Muriel’s and Edgar’s opportunity cost of producing scarves in terms of hats. Who has a…

A: 20. D) In 30 hours, Muriel can knit 6 hats or 4 scarves and Edgar can knit 3 hats or 5 scarves.…

Q: What are the global perspectives on small business?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: In the Simple Keynesian Macroeconomic Model, which of the following will determine the level of…

A: Autonomous expenditure is the necessary expenditure.

Q: (b) Alice and Bob are playing a game of chance consisting of repeated rounds in which each has an…

A: Since Alice and Bob have an equal chance of winning,   the probability of Alice winning a round =…

Q: A firm in a perfectly competitive labor market is employing labor where the marginal revenue product…

A: "A firm in a perfectly competitive labor market hire labor upto a point where the marginal revenue…

Q: 4. Suppose that Okun's law can be described by the following equation: Y-Y = -3(u – u') %3D Y* Where…

A:

Q: Trout farming is a perfectly competitive industry and all trout farms have the same cost curves.…

A: Market price of fish = $25Maximization of profit occurs at 200 units  Average total cost =…

Q: Suppose that the LFS data show the number of employed has decreased by 2,000. Then you know with…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: Consider two internet service providers: ISP West and ISP East, offering internet access to a small…

A: * SOLUTION :-    (10)   Given that ,  The price elasticity of 1SP  west = -1.25 The price elasticity…

Q: I think that there is something wrong with step 4. In the long run, monopolistically competitive…

A: In long run, a monopolistic competitive firm operates at MR = MC and P = ATC Q = (300/N) - P => P…

Q: which of the following statements is incorrect? a) Price equals marginal cost. b) Firms are price…

A: Let us first analyse the type of market the question is talking about. From the first option, that…

Q: Assume the following model of the economy C = 60 + 0.75(Y – T) I = 45 – 5r G = 40 and T = 40 M$ =…

A: IS - LM curves refers that investment savings-liquidity preference-money supply , these curves show…

Q: Home's demand curve for wheat is D= 100 - 20P. Its supply curve is S= 20 + 20P. 3. Home imposes…

A: A core economic concept is the buying and selling of commodities and services with remuneration paid…

Q: Detail the cost-benefit analysis for the reader's benefit. What methods are used to determine the…

A: A cost-benefit analysis (CBA) calculates the benefits of a choice or action minus the expenses. A…

Q: Explain the technique of constrained optimization in relation to utility functions and how it…

A:

Q: Determine optimal number of needles to order, given D= 2,000 units, S = $15 per order, H= $.50 per…

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…

Q: At the Cournot equilibrium, fırms have no incentive to change their output levels because (select…

A: Cournot equilibrium is achieved when the firm decides its quantity on the basis of the strategy…

Q: Texas 45,091 58.417 Colorado 47,335 59,057 Ohio 42,086 51.456 What is the difference in terms of…

A: The average annual growth rate (AAGR) is the common boom or lower withinside the cost of an funding…

Q: Economics Question 9 Consider the IS curve Y ā - 6(R – F). T)), where b = 2, = 1/5, and R - ř =…

A: Answer to the question is as follows:

Q: Following the COVID-19 pandemic, central banks have committed to keeping short-term interest rates…

A: Answer -    Expansionary monetary policies :- Under this central bank keep interest rates low and…

Q: The town council of Frostbite, Ontario, is trying to decide whether to build an outdoor skating rink…

A: Profits are maximised when marginal revenue equals marginal cost or when the difference between…

Q: In the Keynesian model, the consumption function is C = 0.8(Y - T), planned investment I is equal to…

A: In a closed economy, the planned aggregate expenditure is the sum of consumption, investment, and…

Q: Economics 2. give two curvilinear equations of three sector economy: IS, where Y = 2000 – 5000r ISz…

A:

Q: Expenditures for office supplies, electricity, and internet connection are part of Fixed Costs

A: Cost refers to the total expenses that incur in a process of production of goods and services.

Q: 19. Odette has a base monthly salary of S1.500 and eams a 5% commission on all sales she makes at…

A: One of the most important incentives given by the firms to their employees are incentives on Sales…

Q: f patients receive more medical care in areas with greater medical care supply (holding medical care…

A: The doctor-patient connection is critical to the practice of medicine and is essential to providing…

Q: opular 777, they announced plans to redevelop their production process. Boeing hoped to extend the…

A: Opportunity cost is the cost of the next best alternative foregone. This concept arises due to…

Q: for product X. Eq. 1 Eq. 2 Qdx = 65,000 – 11.25P; + 15P, – 3.75/ +7.5A Qsx = 7,500 + 14.25PX – 15P,…

A: We are going to solve these questions using partic derivative techniques

Q: A market structure with only one seller called Monopoly A market structure with few sellers called…

A: Thank You for the question. In the case of multiple sub-questions, we are required to answer only…

Q: Economics 20. Refer to the graph below. Quantity Since the supply curve intersects the horizontal…

A: he price elasticity of supply is an economics metric that shows how responsive, or elasticity, the…

Q: 4b . What is the argument on second-best grounds for pricing public transport below marginal cost?…

A: Whenever the transport provider's cost structure, as well as the behaviour and marketplace for those…

Q: the fourth and final year of a project, Glenny expects operating cash flow after taxes of P440,000.…

A: * SOLUTION :-    Given that ,   The operating cash flow after taxes is =  P440,000  investment in…

Q: PARAMETERS МEA 1 Investment Cost 1,500,000 Annual Service Benefit 200,000 Annual Insurance Benefit…

A: i'm assuming 10% as interest rate

Q: Given demand and supply equation as follows: Qd = 100 - 5P Qs = 20 + 5P a) find the equilibrium…

A: The demand curve shows the quantity demanded at each price level.  The supply curve shows the…

Q: Robots become a strong substitute factor for human workers in producing Good A. At the same time,…

A: The market equilibrium quantity of labor and wage rate is determined by the demand and supply of…

Q: What are the characteristics of a monopoly market . Please explain in detail.

A: A market structure defined by a single vendor offering a market-exclusive product.The seller in a…

Q: H) The lona College intern suggests that the company should increase the number of sweatshirts it…

A:

Q: The relationship between the factors of production and the output of goods and services. O a.…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Amy has $12 to spend on coffee and soda. The price of coffee is $2 a cup, and soda is $1 a can. The…

A: A budget line is a downward-sloping straight line that contains all potential combinations of the…

Q: X was so in love with M. To show his true love, he insisted that M take his Toyota Fortuner worth…

A: Answer -

Q: Economics 2. give two curvilinear equations of three sector economy: IS, where Y = 2000 – 5000r ISz…

A:

Q: Would increasing the amount of the federal minimum wage hurt the US economy? What have economists…

A: in general , economy operates at market mechanism but sometimes market fail and neglect the most…

Q: b) Might the elimination of central banks' independence lead to a more pronounced political business…

A: introduction Independence refers to the freedom to implement monetary system as central bankers, not…

Q: 23. Suppose the U.S. is operating in an open economy. Suddenly, there is a large decrease in…

A: In an economy, consumer expenditure refers to the total amount of money spent by individuals and…

Q: Economics 3. Consider the following table that presents the labour requirements for production in…

A: Opportunity costs, the expenses and advantages of each and every choice accessible should be thought…