Question is about Oligopoly: What happened when oligopoly is with and without production differentiation? Comment

Q: Consider the following information on aggregate income, consumption expenditure, and planned investm...

A: Formulas: 1. Saving (S) = Income (Y) - Consumption(C) 2. MPC = ∆C/∆Y 3. MPC + MPS = 1

Q: Fill in the blanks using the number that correspond to the correct word or phrase in the word bank b...

A: We know that in this world resource is limited, and economics is all about the study and allocation ...

Q: Imagine that I wanted to test the proposition that people think older politicians are more trustwort...

A: Ans- Imagine that I wanted to test the proposition that people think older politicians are more trus...

Q: Fifty years ago, the minimum wage in a hypothetical country was approximately $1.50 per hour. At tha...

A: Since colonial times, Americans have been moaning about the high cost of living. Measurement and tra...

Q: What type of economists believe that markets naturally self-correct, and will reward good strategies...

A: The fundamental theory of Classical economy is that the economy has the ability to eliminate (or sel...

Q: If there is an inflationary gap in the Canadian prairies and a recessionary gap in Ontario, what doe...

A: An inflationary gap is basically a macroeconomic concept that describes the gap between current real...

Q: 2 (a) Why would a firm that incurs losses choose to produce rather than shut down?

A: In a market, there are different situations faced by the firms according to which they make their de...

Q: e in this western province passes laws that make it easy for workers to join a union. Through collec...

A: Equilibrium is achieved at the level where Ls equals Ld

Q: Consider the following payoff matrix, where the first entry is the payoff for the row player. B L R ...

A: "Nash equilibrium is an equilibrium in game theory representing the set of strategies that players c...

Q: Assume that there are two firms in a market with inverse demand function P(Q) = 120-Q. Both firms ha...

A: Consumer surplus is the area above the price and below the demand curve for given quantity demanded....

Q: Given that nothing else is borrowed in the near future, the length of time it will take a government...

A: Government expenditure is the expenditure that is incurred on the infrastructure, roads, railways, a...

Q: Explain what happens to savings, investment and the real interest rate in an economy if the governme...

A: Government expenditure is basically the amount of money that is spent by the government on purchasin...

Q: Q-7: Given the three games table. Solve the game assuming mixed strategy. b1 b2 b1 b2 al 3 -2 ii al ...

A: Introduction Here we have different mixed strategy given. i)          b1       b2 a1     3-2-30 a2 N...

Q: Discuss the role of the full cost prising principle and profit maximization in modern economic trend...

A:

Q: Using the IS–LM diagram, show the effects on output and the interest rate of a increase in governmen...

A: The change in the government spending affects the IS-LM model thereby affecting the output and inter...

Q: Consider a simple economy that only produces: pencils, t-shirts, and bananas. Using the information ...

A: Inflation: Inflation is an economic concept that is defined as a rise in the general price level of ...

Q: The table below presents production data for a particular firm. 1) Use formulas/calculation in excel...

A: Total Fixed Cost = Total Cost - Total Varible Cost Total Fixed Cost = Total Cost - Total Varible C...

Q: 5. Comerica's Balance Sheet information is given in the table below Assets Liabilities Reserves - $7...

A: In the mentioned question we have to calculate the excess reserve.

Q: 2. Imports and Exports Now we allow for international trade. Use the following information from prob...

A: Given  C=400+89DI        ... (1) I=300 G=800 T=0.5Y X=300 M=19×Y            .... (2)  

Q: ork belly strips and lettuce are complementary goods because most of the time they are enjoyed toget...

A: Complementary commodities are those commodities which are used together. When the price of one good ...

Q: If Canadian Tire issues its own "money" and it becomes generally accepted by people in paying for go...

A: In the mentioned question we have to tell whether Canadian Tire who issued the money is which type o...

Q: discuss the relationship between capitalism and colonialism. establish their role in the development...

A: Relationship between capitalism and colonialism.  Colonialism underpins capitalism. The robbery of i...

Q: Assume that we have a fixed supply of a depletable resource to allocate between two periods. Assume ...

A: In economics, the marginal cost is the change in the total cost that arises when the quantity produc...

Q: Critique on Concentric Ring Theory

A:

Q: What is the law of diminishing returns and what does it imply about the shape of the firm’s average ...

A: Marginal Cost is the additional cost incurred in the production of one more unit of output.   

Q: Grinding mills A and B are being considered for a 12-year service in a chemical plant. The minimum a...

A: Given Initial cost of mill B: (P)= $14,400 Salvage value (F)=$2700 Annual operating cost =$1200 Annu...

Q: In the above figure, the profit-maximizing output and price for this monopolistically competitive fi...

A: In a monopolistically competitive firm there are many sellers of the product, each seller produces s...

Q: Which of the following statements concerning long-run national saving is true?

A:

Q: What are the impacts of trade barriers on currency values? Do trade barriers impact currency valuati...

A: Governments erect hurdles to free commerce between national economies, which are referred to as trad...

Q: An increase in interest rate always lowers the net interest income (NII) of a bank. Is this statemen...

A: Net interest income (NII) refers to income earned by the banks that is determined by the difference ...

Q: A firm is a monopoly in a protected (home) market with demand given by Q(P) = 28 – 2P. The firm's co...

A: Only the first part is answered. Repost the question with the remaining parts     Monopoly has one s...

Q: From the following data obtained for a particular class of people compute heir cost of living index ...

A:   The Index number is equal to the sum of prices for the year for which the index number is to be fo...

Q: Real GDP in 2015 is $100b and real GDP in 2016 is $110b. In 2016, nominal GDP grows by 3%. What can ...

A:

Q: when it appeared the conventional Open Market Operations was not sufficient, monetary policy officia...

A: Monetary policy is a set of tools that a country's central bank can use to encourage long-term econo...

Q: Suppose that a pure monopolist can sell 20 units of output at $10 per unit and 21 units at $9.75 per...

A: Total revenue at 20 units of output = 10*20= 200 Total revenue at 21 units of output = 9.75*21 = 204...

Q: If there is an inflationary gap in the Canadian prairies and a recessionary gap in Ontario, what doe...

A: An inflationary gap is a macroeconomic term that gauges the difference between actual real GDP and G...

Q: (a) The revenue from selling q items is R(q) = 50q - q 2 and the total cost is C(q) = 15 + 10q i. Wh...

A: Given: R(q)=50q-q2 C(q)=15+10q Note: Due to multiple subparts being posted, the first three subparts...

Q: Jerry had been drinking all evening at the Bonger Bar and became visibly intoxicated. The bartender ...

A: Answer and explanation according to the situation described in the Question above :-

Q: Assess the effects of Price floor   (Hint: Government policies and intervention)

A: Price floor is the minimum legal price at which a good can be sold. Below which a good can't be sold...

Q: In Islandia, all goods and inputs are bought and sold at chere is a single price for each product. I...

A: Mix of goods means both factor market and goods market are in equilibrium simultaneously. As per giv...

Q: Which of the following are reasons the European Union is considered a suboptimal currency area? Chec...

A: If an economy is at a suboptimal level, it is below the optimal or standard level. A suboptimal leve...

Q: The production of good x creates a negative externality on firms producing good y. Total costs are c...

A: Given: TC (x) = x2  px = 90 c(x,y)=y2 + 20x py = 20

Q: Monetary policy has the largest impact on desired aggregate expenditure when the investment demand c...

A: Monetary policy is operated by the central bank of country. The change in the money supply causes ch...

Q: IS curve: r = 30.30-0.0015Y LM curve: =Y - 500(r + n°) SRAS curve: Y = Y + 100(P – P°) The nominal m...

A: The IS-LM model describes how aggregate markets for real goods and financial markets interact to bal...

Q: Head 1, -1 -1, 1 Tail -1, 1 1, -1 Vhich of the followings are the Nash equilibria of this game? (You...

A: We will use underlining method to find the Nash equilibrium in this game.

Q: Does Smith think these new low skill jobs created by the Industrial Revolution will be good for soci...

A: Smith believes that the Industrial Revolution's introduction of low-skilled occupations will benefit...

Q: What sampling technique is used?   In a research class of 40 students, the teacher divides the cla...

A: Sampling is the process of selecting a specific number of observations from a larger population. The...

Q: Compute the expected return given these three economic states, their likelihoods, and the potential ...

A: Answer: Given, Economic state Probability Return (%) Fast growth 0.3 40 Slow growth 0.4 10 ...

Q: Suppose that the total cost of manufacturing r units of a certain commodity is C(x) = 2r + 6.r + 12....

A: Note: We will answer the first one as the exact one was not specified. Please submit a new question ...

Q: Here are a situation where the customer is important, in the "bargaining power with buyers". -They ...

A: The power of buyers to influence the prices of the products, quality of products and customer servic...