The table below shows revenue data for different firms producing cleaning products. Use the given information to find the market share of each firm. Firm Revenue in $ Market Share in % Aardvark Inc 325 Baluga LLC 340 Cran Inc 140 Dingo Inc 495 Eagle Inc 360 Keep 2 decimals for the market share percentages What is the Four Firm Concentration Ratio? Is this market concentrated? OYes EPIC ONo
Q: The figure below illustrates a two-sector commodity market model that takes into account consumption…
A: Given information
Q: A noted insurance authority has said, “Because the financing of long-term care is inconsistent with…
A: PLEASE FIND THE ANSWER BELOW. LONG TERM FINANCE: Long-term finance can be defined as any financial…
Q: Discuss why a firm in perfect competition may choose to be open on Mondays, typically the slowest…
A: Perfectively competitive firm:-
Q: Hatfield and McCoy burn with hatred for each other. They both consume corn whisky. Hatfield's…
A: Given:- Hatfield utility function: UH=WH-1/8W2M McCoy utility function: UM=WM-1/8W2H Total…
Q: You have been hired as a Marco Economist by the President of the United States to help evaluate the…
A: Answer: If the Fed increases the interest rate then the investors will increase investment in the…
Q: If the current account balance is negative and the capital account balance is zero, а. the financial…
A: Any country's balance of payment has two main segments which are:- (1) Current account- it measures…
Q: Describe an innovation in technology, business, or culture that had a major economic impact in your…
A: Innovation and change have become the key components for the success and failure of any business.…
Q: When creating and evaluating policies, the following socioeconomic goals are most frequently…
A: A guaranteed income plan is the part of expansionary fiscal policy implemented by the government.…
Q: Explain why a monopolistically competitive firm switches from charging a single price to…
A: Introduction Monopoly occurs when there is only one seller of a thing. As Monopolists are fully…
Q: The total construction cost of a typical chemical processing system made up of three subsystems is…
A: Given, Cov (X2, X3) = 0.0937= E(X2, X3) - E(X2) E(X3) 0.0937 = E(X2 X3) - 0.1*0.1 Therefore , E(X2…
Q: Fill in the blanks with the number that corresponds to the correct word or phrase n the word bank 1.…
A: Disclaimer : as you posted multipart question we are supposed to solve only the first 3 as per the…
Q: Figure 19-7 Wage 30 $2 27 24 21 18 15 12 DI 200 400 600 800 labor Refer to Figure 19-7. The figure…
A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…
Q: (Q#7a) Each time the FED purchased a large tranche (amount) of treasury and mortgage bonds, what…
A: Answer - Money Market:- money market is a market where money and other loanable funds are…
Q: Firms A and B compete à la Cournot and sell at a price P = 12 - (qa + q8). If none of them invest in…
A:
Q: Methodology of The importance of international trade in economic growth of Bahrain.
A: International Trade The export and import of goods and services, capital goods, and financial…
Q: Suppose in Fiscalville there is a O percent tax on the first $10,000 of income, but there is a 20…
A: Given information:
Q: 1. The following is cost information for the Creamy Crisp Donut Company. Entreprencur's potential…
A: An economic profit is the difference between the revenue a commercial entity has received from its…
Q: A) Ana decides every day how many hours to work and how much beef to consume. She spends all income…
A: Given information U=2t^0.5+Y W=1 t=24-h Y= consumption of beef Price of beef=4
Q: Which of the following apply to bonds? Select all that apply. Earn gains from dividends Earn gains…
A: In the mentioned question we have been asked about the details of what Bond is.
Q: Zambian banks have been using the Basel I framework for purposes of determining regulatory capital.…
A: Answer a. A credit rating agency that is registered or certified in accordance with Regulation (EC)…
Q: A series of actions where the outcomes are always uncertain. Group of answer choices experiment…
A: In an experiment, the outcomes are always uncertain. For example : Rolling a dice. Outcome is the…
Q: John is planning to retire in 15 years. Money can be deposited at 8% compounded quarterly. What…
A: Semiannually Withdrawal = 25,940 Interest rate = 8% compound quarterly
Q: There are two stores at a mall, the mall can be protected by security guards, q measures the hours…
A:
Q: 24. Consider adverse selection in the car insurance market. Drivers are either risky or safe. The…
A: Insurance refers to the financial instrument that helps people in times of emergencies such as…
Q: Question #6: Dell and Sony compete primarily by price. Each firm must choose either a high price or…
A: The payoff matrix of Sony and Dell is given below: Dell / Sony High low High…
Q: c. Instead, if Dell and Sony maximize their joint profits cooperatively for one year, what is the|…
A: Introduction Dell and Sony compete primarily by price. Both company will get more profit when they…
Q: The Russia-Ukraine war triggers a surging of crude oil price to a record high that leads to a…
A: The question is based on the aggregate demand-aggregate supply model.
Q: The most valuable tool for understanding demographic changes in America is ________. Explain your…
A: Demographic changes means the change in population composition be it birth rate, life expectancy,…
Q: Two firms face the following payoff matrix shown to the right. Given these profits, Firm 2 wants to…
A: Dominant strategy refers to the optimal option for one player among all the competitive strategy…
Q: 5.Consider any industry that has the effect of clustering. The world consists of only A and B…
A: Given, under self-sufficiency (which means domestic demand is equal to the domestic supply of goods…
Q: Universal’s variable cost to rent a car is $15. Assume the fleet size is fixed at 21,666. How many…
A: Given information Universal's variable cost to rent a car is $15 Fleet size is fixed at 21,666 The…
Q: s of $8, $10, and $12 per barrel of oil. Assume there are no tional user costs. Assume that each…
A: The market cost is the current cost at which a resource or administration can be traded. The market…
Q: Empirical Exercise 5.1 Suppose that the US inflation rate was at 7.6% in August 2018 and 8.1% in…
A: Answer - Philips Curve:- Philips curve is a curve which help establish relationship between…
Q: Firms invest a fixed amount of 200 per year. As they forecast that the economic conditions are going…
A: What Is the Economic Situation? The current state of the economy in a particular country or region…
Q: c) Using a supply and demand diagram, demonstrate how a positive externality leads to market…
A: Externalities are costs or gains that a producer makes but does not endure or get directly from…
Q: Consider a pure exchange economy, where each consumer has preferences described by a Cobb-Douglas…
A: Introduction We have given a pure exchange economy. In such an economy, an equitable distribution of…
Q: Modified True or False: State whether each statement is true or false. If the statement is false,…
A: Economic profit means the deduction of total revenue from the total cost. It includes both implicit…
Q: Long Run: Draw a long run aggregate supply curve. Draw an aggregate demand curve and label it ADI.…
A: Concept Price can alter along the LRAS, but output cannot since it reflects full employment output.…
Q: A politician states "taxes should be raised to provide more spending on school lunch programs." This…
A: A ceteris paribus assumption is frequently used in scientific research to rule out factors that…
Q: Capital investment Annual 0&M costs Electricity sales Decommissioning 50MW onshore €65M €40k per 2MW…
A: Given information Capital investment=65M for 50MW Annual expenditure=1M Annual revenue=8.2M Salvage…
Q: In the simple circular-flow diagram, who buys the factors of production
A: A simple circular flow diagram represents how dollars, inputs, outputs flow through the markets. The…
Q: 23) When MR = MC and P= ATC for a monopolistically competitive firm, the firm is in A) short-run…
A: When a monopolistically competitive firm produces the level of output at which marginal cost (MC)…
Q: Your boss asks you to calculate the selling price of a good such that the profit margin is 34%. The…
A: Answer to the question is as follows:
Q: government announces a green budget where they will provide zero interest loans for private sector…
A: The positive impàct on inclusive demand is predicted by the multiplier model, which predicts that a…
Q: Question 2 Consider the AD-AS model discussed during the lectures. Assume that the aggregate demand…
A: (a) AD curve slopes negative as we can see from the function because of the wealth impact on the…
Q: Analyzing Macroeconomic Events with the IS-MP Diagram. Consider the following events in the…
A: A tax credit is a dollar system that taxpayers can deduct from their tax liability. Tax credits,…
Q: Boeing estimates the own-price elasticity of demand for new commercial jets is –1.25. Use their…
A: The answer is given below
Q: Ngugi reveals the cost of war, especially Civil War in his masterpiece, the novel Weep Not, Child.…
A: Human capital basically refers to the economic value of a worker's skills and expertise.Human…
Q: Uses of public market
A:
Q: Your boss asks you to calculate the selling price of a good such that the profit margin is 34%. The…
A: Profit margin is one of the most widely used profitability statistics to determine how profitable a…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- The table below shows revenue data for different firms producing cell phones. Use the given information to determine the 4 Firm Concentration ratio. Firm Revenue in $ Market Share in % Aardvark Inc 490 19 Buzzy Co 11 285 Cran Inc 310 12 Delta Co 460 18 Echo Co 505 20 Farriss Co 515 20 What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONo EPICSuppose that a particular industry has a four-firm concentration ratio of 45 and a Herfindahi index of LS40. Most ikety, this industry would ochieve Mutipie Chaice both productive efficiency and allocative etficency wllocative efficency but not productive effcency nether productive efficiency nor allocative efficiency productive efficiency but not allocative efficiencyNext Question Consider the network scheduling profit matrix Can the Pareto Critenon hep me networks sette on a single equibrum? Explain The Pareto Criterion Ne O A cannot help the networks sette on a singlo equibrum because the Wednesday Thursday networks cannot communicate OB. can help the networks settle on a single equibrum because the networks have dominant strateges Wednesday OC. cannot help the networks settie on a singie equilbnum because no Nash equilibria is better for both networks 40 Nebok 2 O D. can help the networks settle on a single equibrium because one Nash equilibrium has the highest joint payoffs O E. cannot help the networks settle on a single equilbrum because the networks must schedule simultaneously Thursdey
- The table below shows revenue data for different firms producing refrigerators. Use the given information to find the market share of each firm. The "other" row is comprised of a number of small firms. Round each value to at least 1 decimal point. Firm Revenue Market Share Acme Co 450 Baluga, LLC 685 Corky Co 325 Dingo Inc 660 Eagle Inc 700 Fox Inc 765 Other 755 What is the Four Firm Concentration Ratio?Suppose an industry that has 10 firms. Below are the market shares for 2008 and 2013 of the 10 firms. Market Share Firms 2008 2013 A B C D E F G H I G 26% 21% 16% 10% 9% 7% 4% 3% 2% 2% 22% 23% 19% 9% 8% 7% 6% 4% 1% 1% Calculate the concentration ratio CR4 and the concentration ratio CR8 for 2008 and 2013 Calculate the Herfindahl-Hirschmann Index (HHI) for 2008 and 2013 Using the CR4, CR8, and HHI, analyze the evolution of the seller concentration in the industry. Has the industry become more or less concentrated? Using the CR4, CR8, and HHI, analyze the evolution of the potential market power of firms in the industry.The table below shows revenue data for different firms producing frying pans. Use the given information to find the market share and squared value of the market share for each firm. Round each market share value before further calculations (no decimals). Firm - Acme Co Baluga, LLC Corky Co Dingo Inc Echo Co Fox Inc Revenue in $ 170.00 230.00 270.00 250.00 210.00 250.00 Market Share What is the Herfindahl Hirschman Index (HHI) for this market? A A - - A Market share squared ← A A A A
- Table 17-9Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost. Price Quantity Total Revenues 70 0 0 65 100 6500 60 200 12000 55 300 16500 50 400 20000 45 500 22500 40 600 24000 35 700 24500 30 800 24000 25 900 22500 20 1000 20000 15 1100 16500 10 1200 12000 5 1300 6500 0 1400 0 Refer to Table 17-9. If Acme and Pinnacle operate to jointly maximize profits, then what is the price? Group of answer choices $45 $40 $35 $30Table 17-9Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost. Price Quantity Total Revenues 70 0 0 65 100 6500 60 200 12000 55 300 16500 50 400 20000 45 500 22500 40 600 24000 35 700 24500 30 800 24000 25 900 22500 20 1000 20000 15 1100 16500 10 1200 12000 5 1300 6500 0 1400 0 Refer to Table 17-9. How much less do each of these firms earn in the Nash equilibrium than if they jointly maximize profits? Group of answer choices $250 $500 $750 $1000Table 17-9Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost. Price Quantity Total Revenues 70 0 0 65 100 6500 60 200 12000 55 300 16500 50 400 20000 45 500 22500 40 600 24000 35 700 24500 30 800 24000 25 900 22500 20 1000 20000 15 1100 16500 10 1200 12000 5 1300 6500 0 1400 0 Refer to Table 17-9. If Acme and Pinnacle operate to jointly maximize profits and agree to share the profit equally, then how much profit will each of them earn? Group of answer choices $9,000 $8,750 $8,000 $6,750
- There is much evidence that large firms with considerable market power (firms such asmonopolies) may not maximize profits but may pursue quite different objectives such asgrowth or sales revenue maximization. What are the arguments put forward to defendmonopoly? Name any 5 Generally, the aim of a business is to maximize profit. Which point should a firm operateat in order to achieve maximum profit? By making use of a graph indicate clearly the pointat which a firm makes maximum profit and a point where a firm increase their output inorder to enhance profit as well as well as the points where they should reduce theirproduction if they want to enhance profitFor example, the lower left cell of the matrix shows that if Full Coop advertises and Lucky Bird does not advertise, Full Coop will make a profit of $14 million, and Lucky Bird will make a profit of $3 million. Assume this is a simultaneous game and that Lucky Bird and Full Coop are both profit- maximizing firms. If Lucky Bird chooses to advertise, it will earn a profit of $ advertise. million if Full Coop advertises and a profit of $ million if Full Coop does not If Lucky Bird chooses not to advertise, it will earn a profit of $ not advertise. million if Full Coop advertises and a profit of $ million if Full Coop does S If Full Coop advertises, Lucky Bird makes a higher profit if it chooses If Full Coop doesn't advertise, Lucky Bird makes a higher profit if it chooses Suppose that both firms start off by deciding not to advertise. If the firms act independently, what strategies will they end up choosing? Both firms will choose not to advertise. O Lucky Bird will choose not to…17 of 16 BNW is one of many producers of luxury wheelchairs, which are differentiated to appeal to different market niches. BNW's Price per chair relevant demand and cost curves are depicted in the graph. $2,000 Average total Use this graph to answer the questions. Assume that there are 1,800 Marginal cost no significant barriers to entry. cost 1,600 Determine BNW's profit-maximizing price and quantity. 1,400 1,200 1,000 price per chair: $ 800 600 400 quantity of chairs: chairs 200 Demand Marginal revenue 100 200 300 400 500 600 700 800 900 Calculate BNW's profit. Chairs per week BNW's profit: $