Apple faces competition from many other firms in the world market for mobile phones; therefore, Apple cannot have market power. Do you agree with this statement?
Q: Suppose you are the mayor of a town and you want to increase safety at an intersection. A traffic li...
A: Given information: Installation of traffic lights will increase safety and reduce the fatality risk ...
Q: Compatibalism about free will is the thesis that
A: To find : What is thesis about compatibalism about free.
Q: A market structure where the firms exhibit very interdependent behavior and have a tendency to Collu...
A:
Q: The lower-income industrial countries are catching up to the higher-income industrial countries in t...
A: True The given statement is true. In these recent years the lower or middle income industrial countr...
Q: The total cost (in dollars) to produce qq units of a good is given by the function: C(q)=7.6q+44000...
A:
Q: If the marginal propensity to consume increases, we should expect that
A: GIVEN If the marginal propensity to consume increases, we should expect that Is
Q: The income elasticity of Abigail’s demand for CDs is 0.75. For Abigail Cds are a normal good or an i...
A: In economics, income elasticity of demand is used to explore the sensitivity of the consumer's deman...
Q: Suppose that the preferences of the consumer are represented by the following functions of utility: ...
A:
Q: This argument is valid (use the Venn diagram to determine it): No X are Y Therefore, some non-X are ...
A: The statement says that No X are Y, it implies that the intersection between X and Y is 0. There is ...
Q: The UK govenment has decided that the high consumption of alcohol is now becoming a global threat to...
A: Let suppose the alcohol market in UK is in equilibrium as shown in the below diagram. SS is the supp...
Q: The equation for the IS curve is (note that α corresponds to alpha as defined in the lecture notes) ...
A: IS Curve stands for investment and savings. It shows negative relationship between interest rate and...
Q: The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the...
A:
Q: 4. If a refrigerator is offered for sale at the amount of P 18,000.00 payable after 1 year. If you w...
A: Given information, Future value: P 18,000.00 Interest rate: 8% Time period: 1 year To find: Presen...
Q: If MPC=0.75 (and there are no income taxes) and if government purchases fall by 45, then the IS curv...
A: According to the question, MPC is 0.75 and government purchases fall by 45 which means ∆G=-45. Gover...
Q: Find the value of X. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000| $1,000 $1,00...
A: Total cost is the sum of fixed cost and variable cost
Q: Which of the following statements is false?
A: given the following statements is false is
Q: It is impossible that a country runs a negative trade balance over decades. True False
A: Balance of trade is a concept through which a country can always keep track of all its imports and e...
Q: 1. Suppose the supply function for product X is given by QxS = - 50 + 0.5Px - 5Pz. How much of produ...
A: Cross price elasticity: When the cross-price elasticity value is greater than 1 then it is known as ...
Q: Which one of the following statements is true?
A: GIVEN one of the following statements is true Is
Q: QUESTION 4 Use the following supply and demand schedules for skate boards in table 18.1, to answer t...
A: The demand and supply curves intersect at a level of price giving the market equilibrium point. At t...
Q: Private enterprises often oppose environmental regulation because it raises cost of operation, reduc...
A: Given information Farm type is given Output of milk is given Daily demand for labor is given Wage=$1...
Q: The total cost of producing Q units of a given product is given by TC = 500+ 4Q2-12Q. Compute Margin...
A: According to the question, total cost is TC=500+ 4Q2-12Q. "Marginal cost MC is computed by taking fi...
Q: An investigation into the demand of T.V sets in the following satellite towns has supplied the follo...
A: Solution: Towns Population (000) Demand for TV sets A 12 16 B 15 18 C ...
Q: Need urgently What might the impact of a flat world be on your standard of living?
A: The impacts of flat world on the standard of living are as follows :-
Q: Find the value of Y. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $1,000| $1,000 $5,00...
A: Fixed cost (FC): - it is the cost incurred on the fixed capital assets like land, building, machiner...
Q: How has the power of the executive branch shifted over time?
A: To find : How power of executive branch has changed over time.
Q: An economist estimated the cross-price elasticity for peanut butter and jelly to be 1.5 . Based on t...
A: Given Cross price elasticity for peanut butter and jelly is 1.5
Q: Ily assume that the countries, after much deliberation, decided to trade 25 beets for 100 bushels of...
A: In 1968, India established the Public Provident Fund (PPF) with the purpose of mobilizing little res...
Q: 1. If a market is characterized by economies of scale, then which of the following is true: a. this ...
A: As a product is put into manufacturing process, cost takes place and business follow ups. Business ...
Q: 4. Assume a two-country two-good two-input model. Let the countries in the model be Vietnam and Mya...
A: According to the Hecksher-Ohlin Model, Vietnam is abundant in labour so it exports shirts as the pro...
Q: Which one of the following statements is correct? * In a monetary economy there always ha: be a doub...
A: As per the guidelines answer is given to three sub-parts: 1) "Money can never lose its usefulness as...
Q: Which of the following statements is true? Question 30 options: a) A bank’s balance sheet sh...
A: A bank is an entity that acts as the financial intermediatary to provide loans to the investors and ...
Q: Describe why competitive market can be failed due to the presence of the public goods.
A: In a market, public good refers to the goods that are generally offered by the government as these g...
Q: The fluctuations in the income level that result from changes in investment spending depend onl...
A: MPC is the marginal propensity to consume which is the ratio of percentage of change consumption spe...
Q: How might a rapid rise in inflation harm you? How might a rapid rise in inflation help you? In ans...
A: Inflation refers to a rise in the prices of goods and services in an economy during a year. This lea...
Q: 22. Consider the same set up as in the previous exercise but now consider the case of incomplete inf...
A: Please find the answer below.
Q: If a firm's revenues do not cover its average variable costs, then that firm has reached its price t...
A: The firm earns positive profit if revenues exceed total cost. Firm incurs loss if revenue is less th...
Q: Consider the following information about a business Rodriguez opened last year: price = $5; quantity...
A: Total revenue = Price x quantity = PxQ Accounting profit= Total revenue - Explicit cost Economic pro...
Q: Suppose there are 4,000 students in NY each with individual inverse demand function: p=10−2Qs Ther...
A: Individual inverse demand curve of 4000 students in NY: p=10-2Qs Individual demand curve of 2000 non...
Q: pending is based on wealth rather than incoI nd that monetary policy can have an impact utput in the...
A: A central bank is a monetary organization given advantaged command over the production and dissemina...
Q: If two goods were perfect substitutes of each other, it necessarily follows that
A: To find : what happens when two goods are perfect substitutes.
Q: In your own opinion, what would happen to an operation or mission in military if there were no commu...
A: Communication is very important for handling the mission in the military. There are many individuals...
Q: Suppose that the prices of capital goods (goods purchased by firms as investment) rose. How would th...
A: In an economy, capital goods at ethe goods that are produced and consumed for the long-run.
Q: Consider an economy described by the following data (in $ trillion): Č- 3.25; I- 1.3; G= 3.5: T-3.0;...
A: Dear student as you have posted multiple sub-parts in a question but according to our policies and g...
Q: Suppose countries A and B produce and consume (assuming convex preferences) apples and bananas using...
A: Given:Labor force=100 Unit cost for apples in country A=2 Unit cost for apples in country B =1 unit...
Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2. Now suppose gov't gives c...
A: Given information beta=1 i=0% Income in period 1=80 Income in period 2=100 Government gives free ch...
Q: Suppose that the coronavirus pandemic (COVID 19) in 2020 has resulted in a leftward shift of the agg...
A: First of all, we should know about aggregate demand (AD) and aggregate supply(AS). The total amount...
Q: Consider any market that has a demand curve given by: Qd = 240 - 2P. Where Qd is the total quantity ...
A: As per the policy we only answer up to 3 subparts at a time. Subparts a-c will be answered here. Ple...
Q: When the interest rate rises, bond values
A: GIVEN the interest rate raise,bond values is
Q: A project cost $160 dollars today and has expected cash flows of $100 per year forever, beginning on...
A: The term payback period refers to the amount of time it takes to recover the cost of an investment. ...
Apple faces competition from many other firms in the world market for mobile
phones; therefore, Apple cannot have market power. Do you agree with this
statement?
Step by step
Solved in 2 steps
- Volkswagen sells cars in many countries throughout the world, including Mexico and other Latin American countries. How would you expect its market position to differ in those countries compared with that in the United States?Why does Pinterest consider Google to be its largest competitor? Pinterest Pinterest places a premium on mobile platforms when developing new products and services.Suppose the local electrical company, a legal monopoly based on economies of scale, was split into four firms of equal size, with the idea that eliminating the monopoly would promote competitive pricing of electricity. What do you anticipate would happen to prices? Why? Use the editor to format your answer
- Most smartphones in the United States use Apple's IOS or Google's Android operating system. What market structure applies to the market for smartphone operating systems? Why?The mobile phone landscape looks drastically different today than it did three decades ago. In 1983, Motorola accounted for seventy five percent of the mobile phone market. But by 2021, its market share had shrunk to just 2.2%. How did this happen, and how has the mobile industry changed over the last 30 years? In 1983, Motorola launched one of the world's first commercially available mobile phones-the DynaTAC 8000X. Motorola went on to launch a few more devices over the next few years and quickly became a dominant player in the emerging industry. In the early days of the market, the company's only serious competitor was Finnish multinational Nokia. By the mid-1990s, other competitors like Sony and Siemens started to gain some solid footing, which chipped away at Motorola's dominance. In September 1995, the company's market share was down to 32.1%. By January 1999, Nokia surpassed Motorola as the leading mobile phone manufacturer, accounting for 21.4% of global market share. That put…The mobile phone landscape looks drastically different today than it did three decades ago. In 1983, Motorola accounted for seventy five percent of the mobile phone market. But by 2021, its market share had shrunk to just 2.2%. How did this happen, and how has the mobile industry changed over the last 30 years? In 1983, Motorola launched one of the world’s first commercially available mobile phones—the DynaTAC 8000X. Motorola went on to launch a few more devices over the next few years and quickly became a dominant player in the emerging industry. In the early days of the market, the company’s only serious competitor was Finnish multinational Nokia. By the mid-1990s, other competitors like Sony and Siemens started to gain some solid footing, which chipped away at Motorola’s dominance. In September 1995, the company’s market share was down to 32.1%. By January 1999, Nokia surpassed Motorola as the leading mobile phone manufacturer, accounting for 21.4% of global market share. That…
- Assume the figure on the right shows the cost structure for a monopolistically competitive firm selling a particular brand of shoes. MC is the marginal cost curve and AC is the average cost curve. If this firm produces 2 thousand pairs of shoes, does it minimize average cost? How much more would they need to produce to reach minimum average cost? The firm needs to produce an additional thousand pairs of shoes to reach minimum average cost. (Enter your response as an integer.) SEED Price (dollars per pair) 80- 72- 64- 56- 48- 40- 32- 24- 16- 8- 0- 0 1 Quantity (in thousands) MC AG 10 Q 20The mobile phone landscape looks drastically different today than it did three decades ago. In 1983, Motorola accounted for seventy five percent of the mobile phone market. But by 2021, its market share had shrunk to just 2.2%. How did this happen, and how has the mobile industry changed over the last 30 years? In 1983, the Motorola launched one of the world’s first commercially available mobile phones—the DynaTAC 8000X. Motorola went on to launch a few more devices over the next few years and quickly became a dominant player in the emerging industry. In the early days of the market, the company’s only serious competitor was Finnish multinational Nokia. By the mid-1990s, other competitors like Sony and Siemens started to gain some solid footing, which chipped away at Motorola’s dominance. In September 1995, the company’s market share was down to 32.1%. By January 1999, Nokia surpassed Motorola as the leading mobile phone manufacturer, accounting for 21.4% of global market share. That…How do you explain the competitive advantage of Publix?
- An industry said to be characterized by monopolistic competition is the apparel industry. Suppose you were hired as a consultant by a firm in this industry. How would you advise the firm as to the levels of output, price, input usage, and advertising? What problems might the firm encounter?Suppose that you are a manager for a firm like EBC Brakes, which manufactures brakes for automobiles and motorcycles. Your company has two plants, one in the United States and the other in the United Kingdom. The following tables include estimated demand and marginal revenue for your brakes, along with the marginal costs at the two factories. what quantity and price maximize your firms profit? What is the profit – maximizing number of brakes produced in the U.S. plant? In the U.K. plant? Quantity Demanded (brakes per hour) Price (dollars per brake) Quantity Produced in the U.K. plant (brakes per hour) Quantity Produced in the U.S. (brakes per hour) Total Quantity Produced Marginal Cost (dollars per brake) Marginal Revenue (dollars per brake) 104 196 47 42 89 66 92 105 195 48 44 92 68 90 106 194 49 46 95 70 88 107 193 50 48 98 72 86 108 192 51 50 101 74 84 109 191 52 52 104…The diagram above represents a monopolistically competitive firm. Answer the questions below. Is this firm operating in the short-run or long-run? How do you know? Calculate this firm’s accounting profit. From the diagram, what is the productively efficient output for this firm? From the diagram, economies of scale are maximized at which output level? Explain. From the diagram, what is the allocatively efficient output for this firm? Explain.
