If a market structure is an oligopoly, do Lexus, Cadillac, and Lincoln engage in sticky pricing? Who is the market leader?

Q: 3. The nation of Routarou is able to produce turnips and potatoes in combinations represented by the...

A:

Q: Find the present worth today in real value corresponding to the cur- rent values shown below for a 4...

A: Given that; Inflation rate = 4 % Interest rate = 4 % We subtract the inflation rate from the nominal...

Q: Olivia owns and manages an accounting firm. In Olivia's business, an example of physical capital wou...

A:

Q: Suppose that Lizzo's utility function U is given by U = w.53, where w is wealth. Lizzo has wealth of...

A: Disclaimer: Since you have posted a multi-part question, I am providing you with the answer to the f...

Q: Pizza production requires labor (cooks) and capital (ovens). If the wage rate for cooks is $15 per h...

A: Given, The wage rate for cooks = $15 per hour  The rental rate on ovens = $20 an hour  The MPP for c...

Q: A credit card company charges an interest rate of 1.375% per month on the unpaid balance of all acco...

A: Interest rate on credit card = 1.375% Annual interest rate = 16.5% We need to calculate the effectiv...

Q: Depreciation of the dollar will:    decrease the prices of both U.S. imports and exports            ...

A: Depreciation refers to decrease in the value of the currency in terms of foreign currency.

Q: Question 1 Sa A Consider a 2-player game with strategy sets S - (a,b}for player 1 and Sz={c,0) for p...

A: A dominant strategy is such a strategy that a player chooses every time, no matter the strategy sele...

Q: What is the time when the price discrimination is profitable?

A: Answer: It's possible that a monopolist will be able to discriminate. Let's see if bias pays off in ...

Q: A reputable doctor quits his job, which pays $77,000 a year, to open a non-governmental organization...

A: Opportunity cost is also called implicit cost. It is the cost of the incurred due to the foregone be...

Q: Suppose the aggregate consumption function is represented by C = £1,000 + 0.5*YD, where YD is dispos...

A: Given:- Consumption; C=£1000+0.5YD where; C= Consumption function YD= Disposable Income At equilibri...

Q: Short-run and long-run effects of a shift in demand Suppose that the tuna industry is in long-run eq...

A: Part 1) Beacause of Surgeon General's report consumers demand less tuna at all price. The report ter...

Q: Suppose you were in charge of establishing economic policy for a small island country whose only ind...

A: The actions that are being undertaken by the government for specific fields in order to bring an imp...

Q: 1. You want to earn extra money to take your family to Disney Land so you debate whether you should...

A: Given  Data,  sells 800 units per month at $20/unit. product loses 5% .  Calculation is shown below....

Q: many countries produce a single good upon which much of their economy depends. That good might be co...

A: The production possibility frontier (PPF) is a graph that depicts the maximum amount of two items th...

Q: 9. In general, elasticity is a measure of a. the extent to which advances in technology are adopted...

A: When talking about elasticity in economics, it is the measurement tool used at the marketplace to an...

Q: The owner of Britten's Egg Farm wants to estimate the mean number of eggs laid per chicken. A sample...

A: [1] Population means here is not known. The point of the estimate is 20 here.

Q: 2. Short Run Cost and Product Curves [S O TPL = Q(L) = 10L½ 200 nav - The wage (price) of labor is W...

A: (a)  Q = 10L1/2 => L1/2 = (Q / 10) => L = (Q/10)2 => L = Q2 / 100 -----------> Total pro...

Q: Consider a firm for which production depends on two normal inputs, labor and capital, with prices w ...

A:

Q: Federal Reserve & Open Market Operations If the Fed shifts to a more restrictive monetary policy, an...

A:

Q: Consider a small island country whose only industry is fishing. The following table shows informatio...

A: The workforce is the amount of utilized and jobless people. The workforce interest rate is the workf...

Q: Suppose the production function for T-shirts can be represented as q = L K" 025 a) What is the Margi...

A: Isoquant curve shows the different combinations of labour and capital whic provides firm same level ...

Q: Consumer has utility function In(c1)+beta"In(c2), where beta=1. Interest rate i=50%. Income y1-10 an...

A: Utility function : ln(c1) + ln(c2)      (As Beta = 1 ) y1 = 10 ,  y2 = 50  Budget Constraint in peri...

Q: Joe is a college football player considering whether to attend another year of college or to enter t...

A: Answer: The correct option is: A: Another year of college football will make me better prepared in t...

Q: nd the capitalized cost at 15% interest, initial cost $200000, Annual operating cost $4000

A: Below is the given values: Interest rate = 15% Initial cost = $200000 Annual operating cost = $40000...

Q: r=0% on deposits. Consumer needs to borrow $50 loan and the consumer has uncertain income of y=50,80...

A: Expected income:- When there is uncertain in income and there are chances of occurring differebelowñ...

Q: 1. How does the demand curve faced by a pure monopolist seller differ from that confronting a purely...

A: We know that There are many customers and sellers fighting against each other in a perfect competiti...

Q: The capital account balance is a nation's:    net investment income minus its net transfers         ...

A: The capital account is one of the components of the balance of payments account for a country. The c...

Q: 7. Refer to Exhibit 3-1. At a price of $2 there is a a. shortage of 100 units. b. shortage of 200 un...

A: Supply and demand are the economic dynamics that determine what suppliers are willing to produce and...

Q: The bonds sold by the U.S. government to pay for the national debt are called a) Treasury securities...

A: US government uses open market operations which includes buying and selling of securities to influen...

Q: (a) Discuss with relevant examples five (5) factors each that might shape a company’s emphasis on  t...

A: A decent corporate purpose statement should be one to three sentences long and no more than 100 word...

Q: P2. Suppose that in Japan, without a tariff 10,000 cars will be sold per year at an equilibrium pric...

A: Here, it is given that the price of cars without tariff was $20,000 at which output sold is 10,000 c...

Q: What challenges faced by the financial services commission of Jamaica

A: Jamaican financial services commission faced a huge financial crisis.The main cause of the Jamaican ...

Q: No plagrisum and correct answer please. Please do all four parts..Thank You advance Consider two com...

A: Introduction Two country Bangladesh and South Korea produce two commodities smartphone and travel ba...

Q: An example of a short-run fixed factor of production is..... a. postage for mailing. b. electricity....

A: short-run fixed factor of production is a factor of production that cannot be change in the short ru...

Q: Consumer has utility function ln(c1)+beta*ln(c2), where beta=1. Interest rate i=0%. (NOTE!) Income...

A: Consumer having rational expectations optimizes its consumption by aggregating an intertemporal budg...

Q: the difference between gross income and disposable income. the percentage reduction in taxes due to ...

A: Average Propensity to Save can be defined as the amount of the disposable income that is saved. It i...

Q: is it better to have bank based or market based eco

A: An economy is a complex system of interconnected production, consumption, and trade activities that ...

Q: Suppose that a firm in a market has the following total variable costs(TVC): Total Average Total var...

A: Given:- TVC(Total variable cost) at various level of output. Fixed cost is 7 and market price is 5. ...

Q: In your response, be sure to address all parts of the question. Use complete sentences; an outline o...

A:  Laissez-faire is a economic hypothesis is a strategy of least government obstruction in the financi...

Q: Suppose market demand for oil is Q(P)=100–0.75P where Q is billions of barrels (BBL)or oil per year ...

A: In economics, revenue maximization refers to the theoretical concept that the firms take up for sell...

Q: Questions: a. By using the 4-market system, give your analysis of the effect of raising the interest...

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

Q: What about the other part of the question that talks about the elasticity of substitution and the re...

A: Elasticity is a measure of a variable's sensitivity to a change in another variable, most commonly t...

Q: Explain the causes and consequences of global poverty

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

Q: What is the main difference between free-market systems and planned systems?

A: A market is a gathering area where people can come together to exchange products and services. Buyer...

Q: 6.  Myrvin made a 12-percentage-point investment of PHP10,000.00. According to the 72-year rule, it...

A: The rule of 72 means says that any sum of money will take (72/Interest Rate) years to double.

Q: The government of Osris believes in balancing its budget over a seven-year cycle. Over the first six...

A: Given that the tax rate is 0.25, we will have the following table:

Q: (Four Sector Model) : The major macro aggregates for an economy are given as follows : Consumption, ...

A: Answer:   hence the Y = 12.5 i    

Q: Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run comp...

A: Monopoly firm produces at the intersection point of MR and MC curve.  hence, monopoly equilibrium o...

Q: Consumer has utility function In(c1)+beta*In(c2), where beta=1. Interest rate i=0%. (NOTE!) Income y...

A: