given by P = 14 – 0.39q (b) the marginal cost of extraction of oil is constant at $2 per unit (c) the discount rate is 1% (d) the marginal cost of renewable energy is $9, where c
Q: The price elasticity of supply tends to become more elastic in the long run. a. True. b. False.
A: Price elasticity of supply (PES or Es) is a degree utilized in economics to expose the…
Q: Imagine an economy with a production possibility frontier showing constant opportunity cost. The…
A: Production possibility frontier (PPF) is alluded to as a chart that shows the most extreme…
Q: In order to find the subgame perfect Nash equilibrium of the whole game first focus on the subgame…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The central bank is selling $100 worth of bonds payable in one year. The price it gets today is $98.…
A: Do you understand what the "implied interest rate" is? The implicit interest rate in a commercial…
Q: 1) There are 100 individuals where 80 of them are poor and builds the public, and 20 are rich elites…
A: Governments levy income taxes on enterprises and persons operating within their jurisdiction. Income…
Q: A Bank offers you a 250,000 pesos, 3 years and 6 months term loan at 4. 78 percent annual interest.…
A: PV = 250,000 N = 42 Months r = 0.0478/12 = 0.0039833
Q: 0,0 1,2 Consider the following assignment device (for example a fair coin): With probability 1/2 it…
A: Assignment device states player to choose each action with equal probability which is also a mixed…
Q: hypothetical data for the U.S. economy in 2023 (all amounts are in trillions of dollars): Category…
A: Answer to the question is as follows:
Q: d) If real GDP in Ourland in 2007 was $1.1 million, when real GDP in 2006 had been $1.0 million,…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Suppose Edison is currently using combination D, producing one boat per day. His opportunity cost of…
A: Production possibility frontier depicts the combination of two goods that a nation or individual can…
Q: England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50…
A: Resources are limited in any economy, but wants are limitless. As a result, a decision must be taken…
Q: Malthus was the first theorist to introduce a well- developed exogenous theory of wages. The…
A: The iron law of wages is a proposed law of financial aspects that states that genuine wages…
Q: An increase in the matching rate: Increases the time it takes to fill a vacancy. Reduces the…
A: The surplus exists when there is excess supply in the market. It means the supply exceeds the demand…
Q: Suppose demand is represented by P = 100 - 2Q, and supply is represented by P = 5 + 3Q. If the…
A: The equilibrium is established where the demand and supply forces are equal.
Q: In Billions of Dollars 14000 12000 10000 8000 6000 4000 2000 TO-000€ 2000-06 10-100 60-100 2002-02…
A: In macroeconomics, the money supply (or money stock) alludes to the complete volume of cash held by…
Q: Please explain why the answer is false. Specializing in its comparative advantage and trading with…
A: Comparative Advantage: According to the law of comparative advantage, if a nation has an absolute…
Q: 1 prices for period Bundle 2 3 5 3 10 1 4 6 9 2 9 10 13 3 a) Is the choice of bundle one in period…
A: Revealed preference theory is given by Paul Samuelson in 1938. It represents the consumers choices…
Q: You own a 6%bond and want to sell it in a yearl Di you hope that interest rates rise or fall?…
A: there are a lot of signals where we can say that we have to sell the bond.
Q: sources if finance
A: The eclectic paradigm, also known as the ownership, location, internalisation (OLI) model or OLI…
Q: A small decrease in a production quota will have a large impact on the support price if: (Please…
A: The answer is - C) demand is inelastic
Q: Demand schedule Price (for Pound) $8.99 $10.99 $13.99 $14.99 Quantity Demanded (cases) 90.0 500 350…
A: At equilibrium level the demand and supply interaction determined the price level . it is determined…
Q: Match the statement affecting the production possibility curve with its graphical representation:…
A: PPC(production possibility curve) shows the combination of 2 goods which can be produced using the…
Q: 3- For each game below, determine and justify if the game is perfect recall. If the game features…
A: Given, 2 Players : I and II Player I has two strategies : a and b Player II has six strategies : x,…
Q: Consider the following IS-IR-PC model: Y = 99 -0.2*r r = 3 + 4*(pi-pi*) pi= pi^e + 0.11*(Y-Y*) where…
A: Y is the equilibrium output which is derived using substitution method
Q: Suppose that Portugal and Sweden both produce rye and wine. Portugal's opportunity cost of producing…
A: According to comparative advantage theory, a country is said to have a comparative advantage in the…
Q: The experience of Greece illustrates some of the challenges of the eurozone. As a result of the…
A: In this situation:- Due to the global financial crisis that began in 2007–2008, Greece was in deep…
Q: Question 56 Suppose a consumer has an income of $800 per month and that she spends her entire income…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: 6. A 40-room hotel is fully occupied if Php 300.00 is charged per day per room. For every x…
A: Number of Rooms = 40 Charged per day = 3000
Q: 1. What is the present worth of annually payments (2000$) if the first payment will deposit after…
A: Given information, Annual payment (A): $2000 Time period (N): 15 years Interest rate (i): 7% To…
Q: Has globalization facilitated or obstructed greater labor migration?
A: Globalization is defined as the process under which different countries of the world exchange goods,…
Q: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. 1) If…
A: In economics, a budget constraint represents all the combinations of goods and services that a…
Q: Consider a lottery with three possible outcomes: $135 with probability 0.2, $100 with probability…
A: Expected Value is the mean of Probability Distribution. Expected value = ∑xx.p(x)Variance=…
Q: The time cost estimates for the various activities of a design project are given below: Normal…
A: Introduction Time cost optimization is the relation between bringing the time and cost required to…
Q: $/Unit C) 34 LRMC $10 $5 q 50 What is the elasticity of residual supply faced by the USA in the…
A: Given that; Market supply elasticity=1 Elasticity of demand from other countries=-2 US imports=10%
Q: 1) A firm has production function of f(x) = x² + 120x, it is also a monopsonist in 1. Suppose there…
A: Production function F(X)=-0.5X2+120X Price of output=1 Cost function TC=0.5X2+30
Q: The government has released the latest retail price index which suggests inflation was 1.62%. A…
A: As measured by the consumer price index (CPI), the change in the price of a basket of goods and…
Q: How does control (as a management function) affect a foodservice business? How can we assess the…
A: Control (as a management function) affect a foodservice business: Control is an aspect of management…
Q: Homework (Ch 03) In the following table, enter each country's production decision on the third row…
A: A country or an individual is said to have a comparative advantage in a good if it can produce the…
Q: In 2021 the number of registered migrant workers is decreasing. Why do you think it happen?
A: Introduction As of 2022, India continues lacking high-quality statistics on migrant labourers, and…
Q: A firm typically achieves its position as a monopolist as a result of _. (a) the absence of…
A: Long-term earnings are the income generated with the aid of using the enterprise over an extended…
Q: In an economy with 200 million people, 140 million hol civilian jobs and 9 million are not working…
A: Unemployment is a time period relating to individuals who are employable and actively searching for…
Q: at is the importance of natural resources to the country’s economy?
A: Answer is given below
Q: Three alternative proposals are suggested for a project with the following cash flows. Choose the…
A: Cash Flow (CF) is the growth or lower in the quantity of cash a business, institution, or character…
Q: 5. A plastic company operates 300 days a year. It produces and supplies 300,000 plastic caps for…
A: Operates = 300 days Supplies = 300,000 plastic cups Production = 12000pcs Annual Carrying Cost =…
Q: Henry takes put a home-equity loan for $50,000. He deposits the loan proceeds into an account used…
A: Second mortgages are a type of consumer financing similar to a home equity loan. Homeowners can…
Q: In an oligopolistic market, Multiple Choice O the smaller the number of firms and the more elastic…
A: In the oligopoly market, there are few firms which dominate the market. It is a highly concentrated…
Q: A bond pays $2500 in 10 years an earns an annual interest rate of 2.75%. What is the bond's price?…
A:
Q: Make sure and use the concepts and terms IN ECONOMIC EFFICIENCY, GOVERNMENTS AND INEQUALITY. 1.…
A: There are huge wants for the products but the resources are not available much, so there is a…
Q: xplain the significant role of regional organization(s) in the economic and political stability of…
A: The role of regional organisations includes an examination of their attempts to encourage discourse…
Q: Sulfur dioxide is a pollutant byproduct of nonrenewable electricity generation, resulting in a…
A: Externalities are side effects which are not accounted for by the market activities. or these…
Assume that a country is endowed with 39 units of oil reserve.
(a) the marginal
(b) the marginal cost of extraction of oil is constant at $2 per unit
(c) the discount rate is 1%
(d) the marginal cost of renewable energy is $9, where c<d<a.
How long will it take, for a country to transition to a renewable energy source?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- QUESTION 2 Assume that a country is endowed with 30 units of oil reserve. (a) the marginal willingness to pay for oll in each period is given by P = 13 - 0.55q (b) the marginal cost of extraction of oil is constant at $2 per unit (c) the discount rate is 2% (d) the marginal cost of renewable energy is $9, where c14 Assume that a country is endowed with 25 units of oil reserve. (a) the marginal willingness to pay for oil in each period is given by P = 13 – 0.53q (b) the marginal cost of extraction of oil is constant at $3 per unit (c) the discount rate is 2% (d) the marginal cost of renewable energy is $9, where c<d<a. How long will it take, for a country to transition to a renewable energy source?D. England coastal community is given by MSB = 40 – 1.5*q, and the marginal cost is MSC = 0.5*q; where q is thousand tons of fish harvested in the current year, and MSB and MSC are measured in million dollars. Assume overfishing will reduce the productivity and the fishery and specifically each thousand tons of fish harvested this year will reduce the present value of future benefits by 4 million dollars, that is the marginal user cost MUC = 4. Determine the quantity of output that achieves static efficiency. Determine the quantity of output that achieves dynamic efficiency. The marginal social benefits generated from commercial fishing in an New %3D a. b.Assume that a country is endowed with 5 units of oil reserve. There is no oil substitute available. How long the oil reserve will last if (a) the marginal willingness to pay for oil in each period is given by P = 7 - 0.40q, (b) the marginal cost of extraction of oil is constant at $4 per unit, and (c) discount rate is 1%?Air pollution in the country of Gawanza has grown over the last ten years with an increase in manufacturing industries. The government of Gawanza now has a plan to reduce the CO2 emissions into the air by 10% per year over the next 10 years. What do you expect will happen? The marginal cost and marginal benefits to Gawanza of reducing CO2 will be lowest in the last few years of implementing this plan. The marginal cost and marginal benefits to Gawanza of reducing CO2 will be lowest in the last few years of implementing this plan. The marginal cost of reducing CO2 will be the highest and marginal benefits of reducing CO2 will be the lowest in year ten. The marginal cost of reducing CO2 will be the highest and marginal benefits of reducing CO2 will be the lowest in year ten. The marginal cost and marginal benefits to Gawanza of reducing CO2 will be highest in the last few years of implementing this plan. The marginal cost and marginal benefits to Gawanza of reducing…words about the negative/positive impacts of Corona virus (COVID19) on tourism sector in Oman1 Dynamic Efficiency: Optimal resource allocation in a two-period problem The demand for a non-renewable resource is given by: MB = 10 – 0.5Q. The marginal cost of extraction is $2 per unit (MC = 2). Therefore, the Marginal Net Benefits Function (MB-MC) is given by MNB = 8-0.5Q Answer the following question: What is the condition that determines inter-temporal efficiency?Show all work. Draw graphs to explain your answers. The correct answers will include areas on the graph and dollar values. Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage to the fishery (measured in terms of the value of lost fish stocks) is represented by the equation:MDC = 10E The chemical factory can reduce its effluent flows by treating its waste products. Its marginal abatement cost (MAC) function is given by the equation: MAC = 1,200 - 5E. What level of emissions will occur if the chemical factory is not regulated? What would the total abatement costs for the chemical factory be if emissions are controlled and reduced to zero? If no liability laws are in place, what damages will the chemical factory inflict on the fishery? (Hint: find TDC) If the government puts in place a liability law that requires the chemical factory to compensate the fishery for the damages it causes,…Many states are now imposing severance taxes on resources being extracted within their borders. How is an increasing marginal extraction cost (over time) of depeletable resource by the imposition of severance taxes compared to the case without taxes? A. Marginal extraction cost increases due to the imposition of severance taxes B. Marginal extraction cost decreases due to the imposition of severance taxes C. Marginal extraction cost with severance taxes stays the same as the case without taxesFrom a resource-based view, what valuable and unique resources and capabilities does Microsoft have in the eyes of the Chinese users and the government?Assume that a country is endowed with 8 units of oil reserve. There is no oil substitute available. How long the oil reserves will last ifa) the marginal willingness to pay for oil in each period is given by P=8-0.57q. (b) the marginal cost of extraction ofol s constant at $4 Per unit and c) discount rate is 1%?What are the essential elements of a cost recovery model? How should parks be designed to meet increasing populations? And how can government rethink delivery of parks? THANK YOU IN ADVANCE.SEE MORE QUESTIONS