Discuss the concept of strategic drift and examine the likely main strategic drift driver from the point of view of the Caroria Local Authority.
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- Q25. Given demand and supply for the Cobweb model as follows, find the intertemporal equilibrium price, and determine whether the equilibrium is stable; (i) Qdt = 18-3P Ost = -3 +4Pt-1 (ii) Qdt = 22-3P Qst = -2 + Pt-1A major South African city generates electricity and sells it to its consumers. The city faces competition from independentrenewable power producers who also have licences to sell electricity to the public. The city however has cost advantagesdue to its size, but it is concerned of the political and economic ramifications of raising its tariffs, in these uncertaineconomic times. As a result, it is highly likely that tariffs will remain unchanged over the next financial year. The city’smarginal revenue is given as R3 000, and its costs are given as follows:TC = R82 000 + R1 000 + 0.01q2 MCMC= R1 000 + R0.02q4.1 Assess the efficiency arguments in favour of and against the renewable energy generation in SouthAfricaThe government of the Republic of Zambia plans to implement an irrigation project to increase maize production in your district. Answer the following questions. List the possible sunk costs of this project.
- Consider the following statements. Which is true about product life cycle theory? (I) In the early stages of the product life cycle, the demand for the new product is relatively insensitive to the price and thus a pioneering firm can charge a relatively high price. (II) It predicts that over time the U.S. switches from an exporting country of new products to an importing country. (III) When plotting "quantity sold" versus "time" in U.S. , the initial sharp increasing in production flattens out or even reduces over the time. Group of answer choices none of the others (I), (II), (III) Only (III) Only (I) Only (II)A minimum-cost flow problem has 6 supply nodes, 4 transshipment nodes, and 6 demand nodes. Each supply node can ship to each transshipment node but cannot ship to any demand node or to any other supply node. Each transshipment node can ship to each demand node, but cannot ship to any supply node or to any other transshipment node. How many arcs wil be included in the model? Number of arcsA firm uses the chase strategy of aggregate planning. It produced 1000 units in the last period. Demand in the next period is estimated at 800, and demand over the next six periods (its aggregate planning horizon) is estimated to average 900 units. The most representative of following a chase strategy in the first period is to layoff ------ workers.
- Q.5. Consider the following Cobweb model: Determine (a) the market price P in any time period, (b) the equilibrium price Pe, and (c) the stability of the time path. Qat = 40 – 10P; Qst = 2 +9Pt-1 Pg =The Energy Information Administration's forecast that world crude oil demand will likely outpace supply by 20 million barrels this year has also increased market uncertainty and driven up prices. Companies in the US steel and alumina industries have been urging the loosening of import restrictions because they fear running short of petrol. Despite the potential market effects, analysts believe that most steel and alumina companies won't be significantly impacted because crude oil only accounts for a small fraction of their overall costs. In general, rising crude oil prices are the result of a mix of supply and demand issues, market uncertainty, and other reasons. The price of this significant commodity will undoubtedly continue to be significantly influenced by global supply and demand dynamics, even though the precise trajectory of prices in the future is difficult to forecast. 1) Draw a graph to show this information.Moving from static efficiency state with an unlimited resource supply to a dynamic efficiency state with a limited resource supply, what kinds of changes are created with respect to price, quantity, and MUC? Why? Explain the concepts behind these changes for a 2-period model, making use of changes to the set of assumptions in the problem set up (e.g., resource supply, MC across periods, demand changes across periods, discount rate across periods, etc.).
- Royal Dutch Shell has been doing business in Nigeria since the 1920s, and has announced new plans to develop oil and gas projects there. However, over the years Shell has confronted a series of episodes involving country risk. Shell’s operations are centred in Nigeria’s Ogoni region, where the local citizens have protested Shell’s drilling and refining activities, which are said to spoil the natural environment and reduce the amount of available farmland. Protestors also accuse Shell of extracting wealth from the region without adequately compensating local residents. Ogonis sabotaged Shell’s operations to such an extent that the firm suspended parts of its Nigerian operations. Shell also came under pressure to divest its Nigerian operations and to pay reparations to the locals. What proactive steps can Shell take to anticipate future country risk? What should Shell do to deal more effectively with country risk?HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow HighFlyer Airlines to give passengers more comfort and sell more tickets at a higher price. However, redesigning the cabin means rethinking many other elements of the airplane as well, like engine and luggage placement, and the most efficient shape of the plane for moving through the air, which requires investment spending. The table below shows the level of R&D spending necessary to achieve different rates of return (due to higher ticket revenue). Private Rate of Return Level of R&D Spending 12% $100 10% $200 8% $300 6% $400 4% $500 If the opportunity cost of financial capital for HighFlyer Airlines is 6%, how much should the firm invest in R&D? Assume that the social rate of return for R&D is an additional 2% on top of the private return; that is, an R&D investment that had a 7% private return to HighFlyer Airlines would…Question Discuss if the following statements are True or False. Justify your answer in each case. • The enrollment at Spectacular University unexpectedly declines. Hence, apartment owners in Spectacular City will face higher vacancy rates and might raise their rents to compensate. • Cosmetic surgery is more expensive in Sydney than in Brisbane. However, the quantity demanded by Sydney-siders is higher than the quantity demanded by Brisbanites. This constitutes a clear evidence that our simple S&D model does not apply to the market of cosmetic surgery. • If we observe that fewer cars are being purchased this year than last year, then we definitively should expect the price of cars to fall.