Which of the follow industries is the best example of an existing cartel? Group of answer choices Microsoft and Apple—two of the largest computer manufacturers Verizon and AT&T—two of the largest American mobile phone service providers GM, Chrysler, Ford—The big three American automobile companies OPEC, the Organization of Petroleum Exporting Countries

Q: An airplane was carrying a briefcase containing a pile of cash worth RM1 billion. The briefcase…

A: The money multiplier mechanism explains why an increase in the financial base leads the cash supply…

Q: E5

A: We know that International economics deals with the allocation and proper utilization of the scarce…

Q: After learning about finances in grade eleven, you decide to put money where your mouth is and at…

A: 1. Amount = $100 Invested at the end of every month   2. Time period = 48 years   3. Interest rate =…

Q: List and discuss the

A: Fiscal policy is the utilization of government spending and taxation to influence the economy.…

Q: Major medical complexes and their service providers continue to move toward advanced health…

A: The ordinary depreciation strategy is doubled by the double falling balance depreciation method,…

Q: End of Year 0 1 2 3 4 5 11. End of Year 0 1 2 3 4 5 Question 1 1. QUESTION Table 1 Information on…

A: Given information Challenger A cost table Defender cost table Evaluation time=4 years i=10%

Q: Assume the following: Current Actual Inflation Rate = 2% Potential Real GDP = 100,000 Actual Real…

A: INTRODUCTION: TAYLOR RULE: The Taylor rule, additionally referred to as Taylor's precept or the…

Q: David borrowed money from his girlfriend Alyssa, they agreed the loan will have a simple interest…

A: Given information, Interest rate (r): 12% Future value (FV): Php 75,000  Time period (t): 7 months…

Q: Required reserves in Bank two should be 10% of $80,000 demand deposits which equals 8,000. Correct?

A: A demand deposit is cash kept into a bank account with reserves that can be removed/withdrawn on…

Q: what are three ways to harness foreign direct investment flowing into the extractive sector for the…

A: Foreign Direct Investment A foreign direct investment occurs when a business or investor from…

Q: Betty's Bakery Quantity of cakes 1 2 3 4 5 6 7 8 Fixed Cost Variable Cost $13 $28 $64 $108 $133…

A: Marginal cost refers to the increase or decrease in the cost of producing one more unit or serving…

Q: 7. In calculating the National Income using the Income Method, stock appreciation is deducted…

A: Income method is one of the methods to calculate national income. In it all the income generated by…

Q: A healthy economy that is working properly is called

A: full work as an economy in which the joblessness rate approaches the nonaccelerating expansion pace…

Q: 11

A: A perfectly competitive firm is a price taker because the price is decided by the demand and supply…

Q: re are five firms, each of which has a constant marginal cost given by p=100-2Q, MC = 20. he firms…

A: Profit Maximization Profit maximization is the trust that firms control output and price levels to…

Q: Discuss the socially optimal quantity of a public good? Explain using a diagram.

A: The public goods are non-rivalrous (if one consumes then it doesn't decrease its availability to…

Q: Lisa lawn company (LLC) is a lawn mowing business in a perfectly competitive market for lawn moving…

A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…

Q: Y = 0.5*X Identify if this line is a DEMAND CURVE or SUPPLY CURVE.

A: The working of the markets is theoretically explained by forces of demand and supply curves. The…

Q: QUESTION 2 P 20 16 12 8 4 D 0 Q 0 4 8 12 16 20 24 ---------- ....... 02. Between price = 10 and…

A: We need to find elasticity of demand to answer this question.

Q: Alcoa and Kaiser, duopolists in the market for primary aluminum ingot, choose prices of their 500…

A: The time value of money (TVM) is the idea that a sum of money is worth more now than the same sum…

Q: Consider again the same economy with two banks: Bank One and Bank Two. Partial balance sheet…

A: Introduction High powered money is consist as monetary base in an economy. It is produced by the…

Q: 13. What is the efficient equilibrium in Figure B? a) P=$22, Q=8 b) P=$$16, Q=14 c) P=$12, Q=8 d)…

A: Externality is the cost or benefit that the market transaction brings to the third party. It can be…

Q: In early 2020, the US labor-force was approximately 164.5M workers. By April 2020, the official…

A: The unemployment rate is the number of people who are currently unemployed. It is a reactive result,…

Q: Suppose the supply and demand equation are given as follow: Demand: Qd=142-2*p Supply: Qs=12+2*p…

A: The demand curve depicts the quantity demanded at each price level, keeping other factors of demand…

Q: Alcoa and Kaiser, duopolists in the market for primary aluminum ingot, choose prices of their 500…

A: A payoff matrix is a method to convey the result of players' decisions in a game. A payoff matrix…

Q: un QUESTION 1 ( CS. QUOTA Open Economy (International Trade) with Import Quota (Import Licence fee…

A: The region between the demand curve and equilibrium pricing is known as the consumer surplus. Area…

Q: The figure below depicts the supply (S) and demand (D) for labor in a perfectly competition market,…

A: Introduction We have given demand and supply of labor in perfectly competitive market. It has shown…

Q: llustrate the role of money supply in causing inflation

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

Q: Question 6: Compare and contrast the function of fiscal policy during short term and long term…

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

Q: Draw graphs to show "People respond to incentives and disincentives" in relation to the demand curve…

A: The demand curve represents the quantity demanded for a good at different prices keeping other…

Q: The table below illustrates the market's demand and supply for cheddar cheese.   a.    Find the…

A: DISCLAIMER:-  since you asked multipart questions we are solving first 3 subparts as per guidelines…

Q: Suppose Justine and Sarah are playing the ultimatum game. Justine is the proposer, has $140 to…

A: In a typical ultimatum game, two players share the roles of proposer and responder. The aim is to…

Q: With the government set maximum rent of consumer surplus is Economics $1,600, Montly Rent $2,600…

A: Rent set by government is $1600. Consumer surplus, which serves as a gauge of consumer welfare. It…

Q: What are the difference between public and private finance?

A: Public finance refers to the study regarding the income and expenditure of the government. It…

Q: A rise in investment by $200,000 will lead to a __________________________________. Group of answer…

A: The rise in the investment leads to rise in the expenditure in the economy. The expenditure helps to…

Q: What is progressive tax? Write its merits and demerits.

A: The three primary types of taxation in the US are progressive, proportional, and regressive.…

Q: In the Insulin market, the government decides to regulate a Without this regulation, how many…

A: Given information; In the insulin market, the government decides to regulate a price with a ceiling…

Q: New research demonstrates that celery is a healthy snack. The resulting increase in demand for…

A: The measure that depicts various quantities of goods and services being demanded and supplied at…

Q: 12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there…

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

Q: In the long run... Multiple Choice all inputs are fixed. None of these options are correct. the…

A: Long run in economics is a time period where firm can adjust all the costs whereas they can only…

Q: Consider four mutually exclusive projects each having an 8 year useful life. The costs and benefits…

A: We have been given four mutually exclusive projects and each project has an equal useful life of 8…

Q: 7. Suppose nominal GDP rose from $500 billion to $600 billion while the price index increased from…

A: Rise in the nominal GDP could be due to rise in real output or rise in the price level. The Nominal…

Q: You as a businessperson have one million dollars to invest. One option is to invest your money in a…

A: Economic profit means that the profit after reducing the all cost from the revenue during a specific…

Q: Assume that the supply and demand equations for 1-shirts at store A and 2 in a particular week are.…

A:

Q: An econometrician finds the following estimates of the relationship between the price of tomatoes -…

A: INTRODUCTION: MARKET POWER: Market power refers to the flexibility of a firm (or group of firms) to…

Q: Assume the reserve requirement is 5% and the MPC = 0.6 for the economy when a stock market downturn…

A: Given:- Reserve requirement=5% MPC=0.6 Aggregate demand=$80 billion MPC here stands for marginal…

Q: Suppose that a firm produces wool jackets in a monopolistically competitive market. The following…

A: Firms working under monopolistic competition vary from perfectly competitive firms. The item they…

Q: 12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there…

A: Here, given information is, Total population: 125 people Under 16: 25 people Retired: 10 people…

Q: Hurley owns a restaurant. To operate the store, he needs to hire labor (L) ar capital (K). The…

A: Given  Short run production function: QL,K¯=L0.5K¯0.5                    .... (1) The market price…

Q: Suppose the world interest rate drop from r-5 to 2percent (assume government G-750). Find the…

A: The exchange rate at which the demand for a currency and supply of the same currency are equal. The…