Under a system of flexible exchange rates, transactions that increase the supply of the nation's currency to the foreign exchange market will cause the nation's O a. currency to depreciate in value. b. currency to appreciate in value. c. trade deficit to increase. d. products to become more expensive to foreigners.
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- Willingness to pay for Spreadsheet and Word Processing Programs Consumer Type Number Spreadsheet Word Processor Both A. 1,000 100 150 250 1,000 200 200 400 1,000 250 100 350 D. 1,000 150 300 450 What price would a mompolist that sold spreadsheels only, charge if his unit cost is 10? O 100 150 200 250A product's market exclusivity: Select one: O a. Depends on the life of its patent. O b. Decreases gradually from its launch to the appearance of generics. O c. All the other answers are incorrect. O d. Is independent of its patent.A college has two types fo students: students from middle-income families who have an estimated price elasticity of demand equal to -1.5 and students from lower-income families who have an estimated price elasticity of demand equal to -2.5. The colleges marginal cost for providing one-year's academic credit is $4,500 regardless of which student is receiving the education. a. What annual tuition (price) should the college establish for students from middle-income families?b. What annual tuition(price) should the college establish for students from lower-income families?
- Price EQ A Market for Product X B S Quantity If the market for Product X is a monopoly, how might the business that produces Product X raise the equilibrium price of the product? D The business can increase production of product X, because doing so would shift the supply curve left and create a surplus. The business can increase production of product X, because doing so would shift the supply curve right and create1 Imagine an incumbent monopolist is currently earning a profit of $100 million. Suddenly, theincumbent faces an entry threat and is considering whether or not to limit price. If the incumbent allows theentrant to come into the market it will see its profit decline to $50 million. In the case of effectively impededentry, the profit earned by the incumbent if it decides to limit price will be:A. greater than $100 million.B. greater than $50 million but less than $100 million.C. less than $50 million.D. either B or C.A college has two types fo students: students from middle-income families who have an estimated price elasticity of demand equal to -1 1/2 and students from lower-income families who have an estimated price elasticity of demand equal to -2 1/2. The colleges marginal cost for providing one-year's academic credit is $4,500 regardless of which student is receiving the education. a. What annual tuition (price) should the college establish for students from middle-income families? b. What annual tuition(price) should the college establish for students from lower-income families?
- T/F There are alot of firms (seller) in a monopoly market. Justify in detail.The global crisis of electronic chips shook and shattered many industries while in theforefront of the headlines the COVID-19 pandemic rages through the economies ofthe world. You watched a video on this crisis and participated in a discussionin the class. Pick up an industry of your choice and discuss how this industrygot hit by this chip shortage. How much was the usual demand? Did the demandincrease during the COVID pandemic or it reduced? Did the industry cut production?Did it suffer a revenue downfall? Was there any variation of the impact withrespect to the difference in economic regions e.g. Asia, Europe, North America,The Middle East etc..? Did it find an alternate way to circumvent the crisis? Countryeconomy-wise which one is hardest hit (or the least)? Why? What type ofrecovery do they expect or foresee? How are they making sustainability plansfor such a crisis in the future? Try to answerthese questions in your write up but don’t limit them within the boundary ofthese…What are the goals of the Federal Trade Commission?List the ways in which the FTC affects marketing activ-ities. Do you think a single regulatory agency shouldhave such broad jurisdiction over so many marketingpractices? Why or why not?
- ATC MC, $59 $50 $45 $38 $35 $26 $12 ........ MR 38 74 82 90 Refer to the figure above. It illustrates a monopoly market. Suppose the monopolist wants to maximize its profit. What price should the monopolist charge? Select one: O a. $35 Ob. $82 Oc. $50 O d. $45Dell Inc. learned that the lithium-ion batteries in its notebook computers posed a fire hazard to consumers. The company recalled 2.7 million batteries and gave consumers a replacement before any personal injuries resulted. Dell was most likely concerned with consumers' right to Select one: a. choose. O b. be heard. O c. be informed. O d. happiness. O e. safety.in monopoly, market power permits you to price above MC. What limits how high a price you can set? a. government b. Depends on the demand elasticity for the product c. Depends on the supply elasticity of the product d. no limit