Suppose that you are the market leader and have more than 70% of market share. There are 5 other smaller players in the market. As the market leader you realized that the market price is substantially lower than what it should be. One of your managers argue that your company should raise the price first and then the others would follow. Is the manager correct? Provide your answer based on oligopoly and game theory concepts.
In: Economics
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Discuss different examples of price discrimination. Discuss examples of first, second and third degree price discrimination. Explain.
ANSWER THROUGHLY 1-2 pages *** IN PARAGRAPGH FORM PLEASE NOT BULLET POINTS
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In: Operations Management
Suppose that my income is $100 and I go a supermarket to buy good X and good Y. My utility function is U(X, Y)=X^0.5+Y^0.5, and Px=1 and Py=2. Determine in which good I will use my first peso, my second peso, my third peso and my fourth peso. In the end what will be the final consumption bundle?
In: Economics
Please show work and formulas:
A: You deposit $100 for the next 15 years earning 10% per year. What would your balance be at the end of the 15 Years?
B: You borrow $100,000 for 18 years at an annual rate of 7%. What would be your fixed QUARTERLY loan payment?
C: For the loan in #5 above, what percent of your first payment would apply to the principal?
In: Finance
Consider a bank account where you make deposits of $100 at year 1, $200 at year 5, and $200 at year 9. You do not remember the offered compound interest rate, but you know that the balance of your account right after the deposit at year 9 was twice the balance right after the deposit at year 5. Find the first time (in years) that the balance on your account reaches $1,000
In: Finance
In: Statistics and Probability
On June 5, 2016, Leo purchased and placed in service a new car that cost $20,000. The business use percentage for the car is always 100%. Leo claims any available additional first-year depreciation but does not claim any expense under ยง 179.
a. What MACRS convention applies to the new car?
b. Is the automobile considered "listed property"?
c. Leo's cost recovery deduction in 2016 is ________ and for 2017 is
In: Accounting
A fair coin is tossed until the first head occurs. Do this experiment T = 10; 100; 1,000; 10,000 times in R, and plot the relative frequencies of this occurring at the ith toss, for suitable values of i. Compare this plot to the pmf that should govern such an experiment. Show that they converge as T increases. What is the expected number of tosses required? For each value of T, what is the sample average of the number of tosses required?
In: Math
A. What is the CARES Act, when was it passed, and what body was responsible for passing it?
B. Research one fiscal policy action included in the CARES Act. First, explain which curve(s) is/are expected to shift in the short run as a result of this action and why? Second, do you expect the action to have any effect on the long-run growth prospects of the economy? (Limit your answer to ~100 words)
In: Economics
What mutual funds would you recommend for a 22 year old college graduate who just landed their first real career job? They are making 35,000 dollars a year. They are able to invest 100 dollars every month into their 401K plan. They will retire at age 70. They are young and they are not frightened of risk. They have 48 years to invest. What would you suggest for them? Be very specific in your recommendations.
In: Finance