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c) What will happen to the equilibrium quantity and equilibrium price of renewable energy resources if energy sector improves the technology? (Graph is not required)
Hello, in a multiple regression about customer survey on their Dell computer systems, I id'd 3 iv's of stat.signf. Variable 1 is about «competitive computer pricing>, variable 2 «high quality computer peripherals» and variable 3 «program processing speed of their computer». Now what I'd like to know is HOW to make sense of the fact that higher scores on all of the 3 signf. Variables result in LOWER scores on the overall satisfaction levels. Wouldn't f.ex. a competitive price result in higher overall satisfaction? How to make sense of apparent negative correlation between the 3 variables and overall satisfaction?
The Government of Pakistan is emphasizing on the consumption of indigenous and environmentally clean energy generation resources. Alternative Energy Development Board (AEDB) is established by the government, responsible for the growth of renewable energy sector; the advancement of alternative and renewable technologies is among one of the top priorities of the government. Several initiatives have been taken to create favorable environment for the sustainable growth of Alternative Renewable Energy (ARE) Sector in Pakistan in order to control and make potential use of indigenous renewable energy resources. Suppose the quantity demanded and quantity supplied functions for renewable energy resources are as given below: Qd = 20,000 - 3P Qs = 15,000 + 2P Where ‘P’ is the price in rupees of a renewable energy resources, ‘Qd’ is quantity demanded for renewable energy resources, and ‘Qs’ is quantity supplied for renewable energy resources.
The demand equation for a good is given by the equation:
Q = 700 – 2P + 0.02Y
(Where P is the price and Y is the income).
Determine the following:
(a). Price elasticity of demand when P = $25 and Y = $500.
(b). Income elasticity of demand when P = $25 and Y = $500.
(c). Interpret the results obtained in (a) & (b) above.
a) What is the opportunity cost of increasing the production of trucks
from 4,000 to 7,000 (from A to B)? 2,000 boats; 9,000-7,000
Do each of a-d, both geometrically (you need not be precise) and using calculus. There are only two goods; x is the quantity of one good and y of the other. Your income is I and u(x,y) = xy + x + y.
(a) Px = $2; Py = $1; I = $15. Suppose Py rises to $2. By how much must I increase in order that you be as well off as before?
(b) In the case described in part (a), assuming that I does not change, what quantities of each good are consumed before and after the price change? How much of each change is a substitution effect? How much is an income effect?
(c) Px = $2; I =$15. Graph the amount of Y you consume as a function of Py , for values of Py ranging from $0 to $10 (your ordinary demand curve for Y).
(d) With both prices equal to $1, show how consumption of each good varies as I changes from $0 to $100.
How do each of the policy proposals listed in (i) to (iv) affect the appropriability and fertility of research R&D spending in the long run, and output in the long run? i. An international treaty that ensures that each country’s patents are legally protected all over the world. ii. Tax credits for each dollar of R&D spending. iii. A decrease in funding of government-sponsored conferences between universities and corporations. iv.. The elimination of patents on breakthrough drugs, so the drugs can be sold at low cost as soon as they are available.
Barbados currently uses a fixed exchange rate regime. If the central bank
were to increase the money supply, what impacts would it have on the
economy? Use a diagram to explain your answer.
Over the past few years, quite a number of private loan companies have been
established globally. What impacts do you think the pandemic is having on
these kinds of companies?
Suppose the consumer has the utility function
U(C,l)=0.5 √C+√ l
and has h = 24 hours available, some of which are used as leisure (l) and some supplied to the labor market (NS). Hours of work are paid at the real wage w. The profit income is π = 15. The consumer pays no tax.
Write down the budget constraint and the maximization prob- lem (a Lagrangian) and find the first order conditions for the consumer
Find an expression for the quantity of labor supplied
