Homework Answers
It can be mentioned that the given statement is true and this is because of the fact that if there is price matching in the economy then there is an existence of market power as a result of which the firms are forced to follow the market leader. Usually this happens in lowering the price and when the prices are lowered due to usage matching strategy the profits reduced on the whole and that is the reason why
(a) True is the answer to this question
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Question 4 1 pts Price matching strategies typically result in lower profits for firms because of...
Question 1 Accounting profits are typically: equal to economic profits because accounting costs include all opportunity...
Question 1 Accounting profits are typically: equal to economic profits because accounting costs include all opportunity costs. O greater than economic profits because the former do not take implicit costs into account. smaller than economic profits because the former do not take implicit costs into account. O greater than economic profits because the former do not take explicit costs into account.
Question 17 0.25 pts 17. If both supply and demand increase, will increase, and is unclear....
Question 17 0.25 pts 17. If both supply and demand increase, will increase, and is unclear. O a. price; quantity O b.supply; quantity O c.quantity; price O d. quantity; supply Question 18 0.25 pts 18. Lower resource cost will cause price to decrease. O True O False oo Question 19 0.25 pts 19. Turkey and chicken are substitutes. The price of turkey falls. As a result, we expect the price of chicken to increase. O True O False Question 20...
Having problems with this question Firms must typically purchase inputs from suppliers to produce output What...
Having problems with this question
Firms must typically purchase inputs from suppliers to produce output What effect might suppliers have on an industry? O A. If suppliers are price takers, then a firm will likely be a price taker with no ability to raise price. OB. If only a few firms can supply an input, then markets will likely experience shortages because firms are unable to produce sufficient output O C. Suppliers cannot affect output markets, although an output market...
D Question 8 2 pts If price is lower than average variable cost, the firm is...
D Question 8 2 pts If price is lower than average variable cost, the firm is realizing losses but should continue operating in the market. O True False Question9 2 pts If the law of one price (LOOP) is violated, arbitrage opportunities will eventually drive prices in a direction that will restore LOOP True False DQuestion 10 2 pts Revealed preferences can be either hypothetical or incentive compatible. True False
Question 16 Marginal revenue and price are equal for competitive firms because: price is the same...
Question 16 Marginal revenue and price are equal for competitive firms because: price is the same as average revenue. its demand curve is upward sloping. price is constant for all levels of output. price must decrease as quantity increases. Question 17 2 pts An industry's cost may decrease in the long run due to: constant returns to scale. re-economies of scale. economies of scale. diseconomies of scale. Question 18 2 pts Which of the following is true for a monopolist?...
to $7 O. The price of O The price of peanut butter increases to $7 because...
to $7 O. The price of O The price of peanut butter increases to $7 because of a demand shift O The price of peanut butter decreases to $4 because of a supply shift Question 31 2 pts After a new technology is introduced, the price typically falls. What is a possible explanation for G More people purchase the product and more firms produce the product o Fewer people purchase the product O More people purchase the product. O Fewer...
Question 1 1 pts Which of the following is not a price index? the Consumer Price...
Question 1 1 pts Which of the following is not a price index? the Consumer Price Index the Producer Price Index the GDP deflator o all of these are price indices Question 2 1 pts In the Specter article, Deli $ could be considered money O They served as a store of value. They served as a means of payment. They served as a unit of account. They paid interest Question 3 1 pts Use statements I and Il to...
4 pts Question 20 In creating a survey or user study, which is true: Creating an...
4 pts Question 20 In creating a survey or user study, which is true: Creating an "arc' is easy and came naturally to all students The first survey/study you design will be great, no need to iterate o We have to use expensive software for the survey/study to be effective o Customer feedback is not easy to come by, we must be diligent in designing surveys/studies Question 21 4 pts Over the past 40 years the number of start-up firms...
What is the answer to this question in python? Question 17 1 pts The result of...
What is the answer to this question in python?
Question 17 1 pts The result of a division is an int if the quotient evaluates to a whole number (e.g. 8/2). O True O False
Please help Question 12 0.16 pts If firms in a competitive market are making positive economic...
Please help
Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run market supply curve O is above the point where the short-run market supply curve and the demand curve intersect. O shifts downward. O and the short-run market supply curve and the demand curve all intersect at the same point. O shifts upward. O is below the point where the short-run market supply curve and the demand curve intersect. Question 13 0.16...
Question 1 Accounting profits are typically: equal to economic profits because accounting costs include all opportunity costs. O greater than economic profits because the former do not take implicit costs into account. smaller than economic profits because the former do not take implicit costs into account. O greater than economic profits because the former do not take explicit costs into account.
Question 17 0.25 pts 17. If both supply and demand increase, will increase, and is unclear. O a. price; quantity O b.supply; quantity O c.quantity; price O d. quantity; supply Question 18 0.25 pts 18. Lower resource cost will cause price to decrease. O True O False oo Question 19 0.25 pts 19. Turkey and chicken are substitutes. The price of turkey falls. As a result, we expect the price of chicken to increase. O True O False Question 20...
Having problems with this question
Firms must typically purchase inputs from suppliers to produce output What effect might suppliers have on an industry? O A. If suppliers are price takers, then a firm will likely be a price taker with no ability to raise price. OB. If only a few firms can supply an input, then markets will likely experience shortages because firms are unable to produce sufficient output O C. Suppliers cannot affect output markets, although an output market...
D Question 8 2 pts If price is lower than average variable cost, the firm is realizing losses but should continue operating in the market. O True False Question9 2 pts If the law of one price (LOOP) is violated, arbitrage opportunities will eventually drive prices in a direction that will restore LOOP True False DQuestion 10 2 pts Revealed preferences can be either hypothetical or incentive compatible. True False
Question 16 Marginal revenue and price are equal for competitive firms because: price is the same as average revenue. its demand curve is upward sloping. price is constant for all levels of output. price must decrease as quantity increases. Question 17 2 pts An industry's cost may decrease in the long run due to: constant returns to scale. re-economies of scale. economies of scale. diseconomies of scale. Question 18 2 pts Which of the following is true for a monopolist?...
to $7 O. The price of O The price of peanut butter increases to $7 because of a demand shift O The price of peanut butter decreases to $4 because of a supply shift Question 31 2 pts After a new technology is introduced, the price typically falls. What is a possible explanation for G More people purchase the product and more firms produce the product o Fewer people purchase the product O More people purchase the product. O Fewer...
Question 1 1 pts Which of the following is not a price index? the Consumer Price Index the Producer Price Index the GDP deflator o all of these are price indices Question 2 1 pts In the Specter article, Deli $ could be considered money O They served as a store of value. They served as a means of payment. They served as a unit of account. They paid interest Question 3 1 pts Use statements I and Il to...
4 pts Question 20 In creating a survey or user study, which is true: Creating an "arc' is easy and came naturally to all students The first survey/study you design will be great, no need to iterate o We have to use expensive software for the survey/study to be effective o Customer feedback is not easy to come by, we must be diligent in designing surveys/studies Question 21 4 pts Over the past 40 years the number of start-up firms...
What is the answer to this question in python?
Question 17 1 pts The result of a division is an int if the quotient evaluates to a whole number (e.g. 8/2). O True O False
Please help
Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run market supply curve O is above the point where the short-run market supply curve and the demand curve intersect. O shifts downward. O and the short-run market supply curve and the demand curve all intersect at the same point. O shifts upward. O is below the point where the short-run market supply curve and the demand curve intersect. Question 13 0.16...
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