Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Help with these questions 1.give an opinion, is Microsoft a monopoly? If not, which qualification is not satisfied? A reference link (URL) supports the

Please Help with these questions

1.give an opinion, isMicrosofta monopoly? If not, which qualification is not satisfied? A reference link (URL) supports the answer

2.The following table shows the daily demand schedule for round-trip flights between Houston and New York City for business travelers:

Demand Schedule of Business Travelers

Price QD

$1,000 300

$800 500

$500 800

$300 1,000

Suppose an airline's marginal cost per seat for the round-trip flight is $300. For profit-maximization, how much should the airline chargeper round-trip? Show your process. (Hint: Apply the "half-way rule" ofMRfor monopoly).

3.The sports shoe industry is an oligopoly market. If Nike cuts the product price, how will Adidas react? In contrast, if Nike raises the product price, what will Adidas do? Just give a general comment.

1.Which of the following people would we expect to be hurt by an increase in the inflation rate from 3 percent to 6 percent?

  1. A homeowner with a $50,000 fixed-rate mortgage on his home.
  2. A retired person who receives a monthly pension of $500 from her former employer.
  3. An automobile worker with a cost-of-living provision in his employment contract.
  4. An individual who owns corporate bonds that pay her an interest rate of 8% per year

Your choice and explanation are expected.

2.Everyone is facing the competition of artificial intelligence (A.I.) in the labor market. Which type of unemployment (i.e., defined in Chapter 10) can explain the phenomenon? Or, is it a new type of unemployment? Please discuss the issue with your own insight.

3. apply the AD-AS analysis to comment on the possible impacts of the Coronavirus Aid, Relief, and Economic Security (CARES) Acton the U.S. real GDP in 2021. Please state the shift(s) of AD-AS curves. A reference link (URL) to an article that supports your answer is required.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Economics And Policy

Authors: Thomas H Tietenberg

5th Edition

0321348907, 9780321348906

More Books

Students also viewed these Economics questions