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Economically attractive as conventional gasoline fueled car

Economically attractive as conventional gasoline fueled car

Economically attractive as conventional gasoline fueled car
Microeconomics
Ethanol blended with gasoline can be used to power a “flex fueled’ car. One particular blend that is gaining in popularity is E 85, which is 85 percent ethanol and 1b% gasoline. E 85 is 80% cleaner burning than gasoline alone, and it reduces our dependency on foreign oil. But a flex fueled car cost $811 more than a conventional gasoline fueled car additionally, E 85 fuel gets 10 percent less miles per gallon than a gasoline only. Consider 100% gasoline fueled car that averages 30 miles per gallon and a E 85 fueled car will average about 27 miles per gallon. If either car will be driven 90,000 miles before being traded in, how much will be E 85 fuel have to cost (per gallon) to make the flex field car as economically attractive as a conventional gasoline fueled car? Gasoline cost $3.11 per gallon. Work this problem without considering the time value of money. Provide answer precision to the nearest cent.

Explain the difference between general-equilibrium models and partial?

Explain the difference between general-equilibrium models and partial?

Explain the difference between general-equilibrium models and partial?

General-equilibrium models and partial-equilibrium models

Microeconomics

1. Explain the difference between general-equilibrium models and partial-equilibrium models. How are the numbers of endogenous and exogenous variables related to whether a model is a partial-equilibrium or general-equilibrium model?
2. Explain the major components of the market for goods and services. What key macroeconomic variables influence spending on those components?
3. What are some of the inconsistencies that made economists skeptical of the value of large, structural macroeconomic models? How did the overconfidence of macroeconomists after the long expansion of the 1960s lead to the inflation of the 1970s?

How Profit maximizing monopolist is that employs a uniform

How Profit maximizing monopolist is that employs a uniform

 

How Profit maximizing monopolist that employs a uniform

economics

Similar to a perfectly competitive firm, a monopolist that is confronted with fixed costs in the short run should produce versus shut down if the total revenue that it can generate is sufficient to cover its:

a. total fixed costs

b. marginal costs

c. total variable costs

d. total costs

Suppose that a monopolist finds itself to be operating at a break-even point. It follows that its:

i. total revenue is equal to total variable cost

ii. total revenue is equal to total cost

iii. average revenue is equal to average variable cost

iv. average revenue is equal to average total cost

a. i

b. ii

c. iii

d. i and iii

e. ii and iv

Suppose that at 200 units of output a monopolist is producing such that marginal revenue is equal to marginal cost. The firm is selling its output at a price of $5 per unit and is incurring average variable costs of $3 per unit and average total costs of $4 per unit. On the basis of this information we can conclude that the firm:

a. is operating at maximum profit by producing the 200 units of output

b. should increase its use of variables inputs in order to reduce its total variable costs TVC

c. is operating at a loss that is less than the loss incurred by shutting down

d. should close down

 

Suppose a pure monopolist is charging a price of $12 and the associated marginal revenue is $9. Therefore:

a. demand is elastic at this price

b. demand is inelastic at this price

c. the firm is maximizing profits

d. total revenue is at a maximum

 

Suppose that at 500 units of output a monopolist is producing such that marginal revenue is equal to marginal cost. The firm is selling its output at $6 per unit and average total cost at 500 units of output is $5. On the basis of this information we:

a. can say that the firm should close down in the short run

b. can say that the firm is maximizing profit in the short run

c. cannot determine whether the firm should produce or shut down in the short run

d. can assume the firm is not using the most efficient technology

If the uniform price of a monopolists good is $50 per unit and its marginal cost is $25, then:

a. to maximize profit the firm should increase output

b. to maximize profit the firm should decrease output

c. to maximize profit the firm should continue to produce the output it is producing

d. there is not enough information to determine whether output should be changed or remain constant to maximize profit

Consider a profit maximizing monopolist that employs a uniform pricing strategy. If it were to produce and price at a point on the inelastic segment of its demand curve, then it could:

a. raise total revenue by raising price

b. reduce total costs by raising price

c. raise profits by raising price

d. all of the above

 

 

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Making steps in ethical cycle from global perspective

economics

List and discuss the decision making steps in the ethical cycle from a global perspective. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

 

Explain the meaning of a nash equilibrium when firms are

Explain the meaning of a nash equilibrium when firms are

 

Explain the meaning of a nash equilibrium when firms are

economics
1. Why is the Cournot equilibrium stable? (i.e., Why don”t firms have any incentive to change their output levels once in equilibrium?) Even if they can”t collude, why don”t firms set their outputs at the joint profit maximizing levels (i.e., the levels they would have chosen had they colluded)?

2. In the Stackelberg model, the firm that sets output first has an advantage. Explain why. 6. What do the Cournot and Bertrand models have in common? What is different about the two models?

3. Explain the meaning of a Nash equilibrium when firms are competing with respect to price. Why is the equilibrium stable? Why don”t the firms raise prices to the level that maximizes joint profits?

Determining the energy consumption management

Determining the energy consumption management

 

Determining the energy consumption management

economics

Over the past few years, energy prices have been very volatile-often driven by international political events. For the purposes of this assignment, let’s assume that you are the energy manager for a series of three food processing/packaging facilities in Malaysia (two) and Vietnam (one) directed to produce specialty Asian food products that require considerable steam/temperature environments to completely process and package the food products. With the recent dramatic political and social events that have occurred in the world over the past several years, your management team is concerned about the impact of rising energy costs on your firm’s overall operations, and they have asked you to initiate an energy monitoring programme for the organisation. What purpose does an energy-monitoring programme serve? Describe the steps that would be taken to initiate this programme. Describe the reasons for choosing to implement an energy-monitoring programme over the other options in energy consumption management and the resulting benefits of this research for this company when making future energy decisions.

Describe segment demographically and psychographically

Describe segment demographically and psychographically

Describe segment demographically and psychographically

oeconomics
Case Study – The Juke by Nissan

This is the Juke Case. It is an article from the Portland Press Herald in 2011. Your assignment is to read the article and answer a few questions. You will need to do some additional research beyond the article itself

1. Will the Juke be successful in North America?

2. Review some commercials and advertising for the Juke. What is Nissan’s target market. Describe the segment demographically and psychographically.

3. Who are the Juke’s competitors? How does Nissan differentiate the Juke from its competition?

4. What will be the most difficult marketing obstacles to overcome?

5. Is (was) there a window of opportunity?

Is there positive externality in production of antibiotics

Is there positive externality in production of antibiotics

Is there positive externality in production of antibiotics

economics

Many antibiotics that once were effective in eliminating infections no longer are because bacteria have evolved to become resistant to them. Some bacteria are now resistant to all but one or two existing antibiotics. Some policymakers have argued that pharmaceutical companies should receive subsidies for developing new antibiotics. A newspaper article states: While the notion of directly subsidizing drug companies may be politically unpopular in many quarters, proponents say it is necessary to bridge the gap between the high value that new antibiotics have for society and the low returns they provide to drug companies. Is there a positive externality in the production of antibiotics? Should firms producing every good where there is a gap between the value of the good to society and the profit to the firms making the good receive subsidies? Briefly explain.