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Calculate the equilibrium price and equilibrium quantity of renewable energy resources
Suppose that the demand curve facing OPEC is given by P=120-2Q and that each members coat of producing oil is AC=MC=$20. Find the cartels profit maximizing total output and price.
If instead of keeping to this output,all members overproduced their quotas by 20 percent,what would be the effect on OPEC's total profit?
"The Green Company produces chemicals in a perfectly competitive market. The current market price is $40;the firms total cost is C=100+4Q-Q².
a.Determine the firms profit maximizing output.More generally, write down the equation for the firms suppy curve in terms of price P.
b. Complying with more stringent environmental regulations increases the firms fixed cost from 100 to 144.Would this affect the firms output? Its supply curve?4
c.How would the increase in fixed costs affect the markets long run equilibrium price? The number of firms?(Assume that Greens costs are typical in the market.)
Identify what method of customer profiling is described. Write DEM for Demographics, PSYCH for Psychographics and TECH for Technographics.
____________ 1. Lifestyle classifications talk about what people value most in their lives.
____________ 2. Sports regulars may be looking for more sophisticated equipment.
____________ 3. It defines the customer’s motivations, perceptions, preferences, and lifestyle.
____________ 4. Social classes and reference groups often dictate what is acceptable or unacceptable behavior.
____________ 5. Cultural beliefs of people such as the food they eat, how they save and how they spend, and their levels of conservatism or progressiveness.
Identify what method of customer profiling is described. Write DEM for Demographics, PSYCH for Psychographics and TECH for Technographics.
____________ 1. Income levels determine the purchasing power of customers.
____________ 2. Physiological needs and wants refer to the customer’s personal likes and dislikes and include the satisfaction of thirst, hunger, and shelter.
____________ 3. Different persons may actually see different things in very different ways.
____________ 4. Areas of residence and environmental surroundings, oftentimes, define and limit the choices available to customers.
____________ 5. Classifies people according to their level of expertise in using a product or a service.
Indicate under which item of the current account each of the following transactions is recorded and whether it will increase or decrease the balance on the current account. a. Capeson, a Chadilien exporting company, exports fruit to the Middle East. (2 Marks) b. Jones and Kelly, a Chadilien engineering firm, hires German engineers to help with the construction of new stadiums. (2 Marks) c. You receive a dividend (a part of the profit) because you own some shares in Amazon which is based in the US.
Monopolistically firm sells balls. What will be the profit?
Price Data quantity Data output Total cost
$11 6 6 $48
$10 7 7 $52
$9 8 8 $57
$8 9 9 $63
$7 10 10 $70
a) Explain thoroughly, with examples, the following:
i. Heteroscedasticity
ii. Perfect multicollinearity
iii. Unbiasedness
Molly has a 2500 down payment saved for this purchase, and the dealers 1500 cash allowance will come straight off her total. How much loan does molly need?
The Federal Reserve raises reserve requirements.
What would likely result from this event?
