When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased French fries and a soft drink, The Wall Street Journal reported that the company was hoping the novel promotion would revive its U.S. sales growth. It didn't. Within two weeks sales had fallen. Using your knowledge of game theory, what do you think disrupted Mcdonald's plans?

Q: Consider a country with a non-renewable resource. There are 150 units of the resource. Suppose there...

A: Total Amount of resource = 150  Discount rate = 10% Demand function : p = 200 - x           (where x...

Q: Isabella understands that if she were to play golf, she would be able to spend time outdoors (where ...

A: Expectancy theory  is also known as expectancy theory of motivation and. Individual act as epr their...

Q: a. Identify each of the variables and briefly explain the meaning of each one. b. From the above lis...

A: IS curve shows equilibrium in the market of goods and services. LM shows equilibrium in the asset ma...

Q: Consider country B. Its absorption is 2500, the tax is 400, the investment is 400, the national savi...

A: Consupmtion (C)=2500Investment (I)=400Government savings (G)=0Tax (T)=400Now,We know thatGovernment ...

Q: 6. Suppose a government agency improves well quality from wo to wi at a cost of C, and observes an i...

A: A cost is that the worth of cash that has been wont to build one thing or offer a service and is not...

Q: Illustrate the appropriate change and specify whether each change represents an increase or a decre...

A: Given:- Price of chicken rise, Consumers choose to purchase beef instead To know:- Appropriate chang...

Q: Which is not true about the decision (award) by the arbitrator in a binding arbitration: it is bindi...

A: Arbitration is the form of alternative dispute procedure in the event of a conflict involving two or...

Q: The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a;

A: Given information, Price elasticity of demand: 5.0 Change in price: 10% To find: Change in quantit...

Q: 1. Show on a single diagram, given a competitive market, how an increase in demand will provide the ...

A: Introduction: Perfect competition is a model or ideal type to which real-world market systems may be...

Q: Consider the following three cash flow series: Determine the values of X and Y so that you are indif...

A: The net quantity money of money and cash equivalents being transferred in and out of an organization...

Q: If the price is greater than the marginal cost of produci O A) a loss. B) some producer surplus from...

A: Supply curve shows positive relationship between price and quantity supplied by suppliers. Its slope...

Q: ) Find the after-tax (income tax = 20%) weighted average cost of capital (WACC) given: %3D Fund Amou...

A: Here we calculate the WACC by using the given information , so the calculation of the following by u...

Q: a) ChrisNaan Company produces fruit smoothies for students at the University of GhAna. Supp its prod...

A: production function gives the technological relation between quantities of physical inputs and quant...

Q: How would you analyze the crime related information  that the police haveif you had access and what ...

A: Introduction: In layman's terms, a crime is any criminal conduct penalized by the state or another a...

Q: tarting from an initial equilibrium price, a surplus at that price can be created either by an incre...

A: The equilibrium quantity and price of a good sold in the market is determined by the demand and supp...

Q: The problem of adverse selection in environmental economics refers to how, with poor information, co...

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

Q: What are the three problems facing a government trying to determine the optimal quantity of a public...

A: The commodities that tend to benefit all members of a society and are often being provided free of c...

Q: Q=15-5p what is p and q intercept

A: the intercept is mainly used to measure the slope of the line.   When Q = 00 = 15 - 5pp = 15/ 5p = 3...

Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (s...

A: Circular flow shows how goods and services are sold to households and how labor and capital are boug...

Q: If half of the capital decreased,what will be the new steady state level of capital per capita? Draw...

A: The Solow–Swan model, sometimes known as the exogenous growth model, is a long-run economic growth m...

Q: Name the Theory applied to interpretation of contracts where the court looks at how a 'reasonable 3r...

A: Objective theory - As per the objective theory of contracts, a contract between parties is legally b...

Q: Question 5: (a) Define the Income elasticity of demand? Click or tap here to enter text. (b) What is...

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for you...

Q: What are the examples of uses of derivatives in economics?

A:   Meaning of Economics: The term economics refers to the situation under which there remain transact...

Q: 5. Real versus nominal GDP Consider a simple economy that produces two goods: cupcakes and envelopes...

A: Gdp is the total market value produced in domestic boundaries of the nation's during a year .  There...

Q: q1(p1, p2) = 1 − 0.5p1 + 0.3p2 q2(p1, p2) = 1 − 0.5p2 + 0.3p1 Assume that costs are given by c1 an...

A:

Q: a) In Japan, from the 1990s to the late 2000s, the interest rates fell to very low levels. However, ...

A: a. Liquidity trap caused people to expect a higher real interest in the future. That discouraged the...

Q: IP 100,000.00 is loaned for 10 years at a simple interest rate of 15% per annum, determine the total...

A: Given information, Present value (P): IP 100,000.00  Interest rate (r): 15% simple interest Time pe...

Q: a)Corporate governance system differences on ownership concentration, identity of owners and regulat...

A: a) The method through which firms are directed and governed is known as corporate governance. Their ...

Q: Year Nominal GDP Real GDP GDP deflator 2012 $180,000 %24 100.0 2013 24 $215,000 110.0 2014 $260,000 ...

A: The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio of...

Q: Compare and contrast the views of the Hebrews, the Greeks, and the Scholastics with regard to what c...

A: The "just price" is theory of disciplines in economics that attempts to set standards of fairness in...

Q: 2. Assuming that Old Navy jeans and Gap jeans are suitable substitutes, what would happen to the dem...

A: When the two goods are substitutes, one good can be used in place of other because both the goods gi...

Q: Assume that Country A has an efficiency in output market. However, efficiency in the use of input pr...

A: Efficiency in the market and the country is being used would help in the optimal utilization by util...

Q: Suppose that each of the economy’s 600 young agents has deposits worth 100 goods with a bank no matt...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Refer to the table below for a very simple economy producing three goods: movies, burgers and bikes....

A: GDP is the sum of total market value of goods and services which is produced domestically during in ...

Q: The following table shows the weekly demand and supply in the market for ice cream in Detroit. dy To...

A: * ANSWER :-  Given that ,

Q: Question 6: (a) What is 'Business Cycle'? (b) What is the definition of: leading indicator, coincide...

A: Macroeconomics is the study of how an entire economy—the market or other large-scale systems—behaves...

Q: Market equlibrium price for strawberries is 5 dollar per kg if demand increase why would not 5 dolla...

A: Market equilibrium occurs at the intersection point of market demand and market supply curve.  In t...

Q: Palawan is an ideal place when it comes to Government Policy for the protection of the natural resou...

A: When infrastructure is good then it will help to generate income, by making roads, buildings, proper...

Q: 5. Find the expected value assuming the risk factor is 30 % and the interest rate is 12% , if you wi...

A: the expected value is a generalization of the weighted average. Informally, the expected value is th...

Q: Define Economic Stagnation

A: Inflation refers to rise in average price level of goods and services.  Economy is at full employmen...

Q: ynergy and Dynaco are the only two firms in a specific high-tech industry. They face the following p...

A: The dominant strategy refers to the strategy which is best course of action irrespective of rival pl...

Q: 3) Quantity demanded per week 20 Price ($) Quantity supplied per week 20 40 16 4 60 12 80 8 12 100 4...

A: Here we calculate the elasticity of the following terms as per instruction , so the calculation of t...

Q: Give an example of the price of a good changing.  Explain what determinant of supply or demand you t...

A: The price of a goods changes due to the change in the factors affecting demand as well as supply. Th...

Q: Question 9 If Tony Stark provides consulting services to a firm in Sweden, this is then counted as a...

A: Balance of payment is the account which records the monetary transaction occurred between the nation...

Q: An investment on a machinery can yield following cash flow for 8 years and in the end of the 8th yea...

A: Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and cas...

Q: Consider a market where 2 firms compete a la Bertrand. Market demand is q(pmin) = 12 - pmin» and mar...

A: To check the statements provided in the question we need to formulate a game with these two firms ha...

Q: Currently, gas and fuel prices have been rising steadily for months. How has the drastic increase in...

A: Demand refers to the desire to purchase and willingness to pay a price for a good or service by the ...

Q: What other factors do you think can impact the decision of EU students of whether or not to apply to...

A: During the academic year 2016 -17, British students enrolment – 81% Foreign students other than EU ...

Q: Egypt exports of soaps, lubricants, and waxes, to Kenya was US$22.63 Million during 2019,according t...

A: Introduction: A franchise (or franchising) could be a technique of distributing products or services...

Q: China is playing a growing role in the world economy. It is one of the world's fastest growing count...

A: China is the world's second most powerful country in the world after the USA. China's growth and dev...