A day in the electricity market consists of off-peak hour and semi-peak/peak hour. The new peak hour demand is Q=10,000 - 100P. 1. calculate daily profits for each plant in the new market 2. what value does the Lerner index have during peak hours for a marginal...
The Parks and Recreation Department of Pawnee is trying to decide on the number of fireworks shows for the summer of 2022. The cost of each fireworks show is $50. Pawnee has 10 residents and each have the same willingness to pay, which is decreasing...
Analyze the chicken market in Malaysia giving overall insight to the types and prices of chicken bought and sold in Malaysia. Discuss the general factors that affect the supply of chicken worldwide identifying the factors which are applicable to Malaysia....
Both Tom Haverford and Dr. Saperstein run a teen clothing rental service. Tom Haverford owns Rent a Swag and Dr. Saperstein owns Tommy's Closet, and they compete fiercely for customers. The market demand for their services is 160 - 2p. The marginal cost of running...
Suppose a representative perfectly competitive firm has the following cost function: TC = 200 + 2.5Q2.The short-run market demand and supply are given by: QD = 1200 - 80P and QS = 40P. What isthe Variable Cost (VC) at the profit maximizing level of output...
This chapter provides several examples of coordination games. Here is another: You and another person separately (and privately, with no communication) pick an integer between (and including) 1 and 10. If you pick the same number, you both win a prize. If you pick different...
Discuss the characteristics of 3 theories of Foreign Direct Investment and justify which theory you think most influences FDI in the Caribbean region? Discuss three policy programmes currently in place by your government to promote FDI....
In EC202, we will study the individual units of the society; the consumer and the producer and their interactions in different market structures ranging from competition to monopoly. Students will also analyze the influence of these market structures on social welfare. In addition, students will...
There are two cartoon channels, Disney and Nickelodeon , providing content to two audience members, Jimmy and Karen. The kids have limited time because of HW and can only watch one channel. Jimmy and Karen care about the channel's quality, but also about whether their...
Consider two popular nightclubs in Pawnee, called the Snakehole Lounge and the Bulge. Unfortunately, both clubs cause noise pollution. Fortunately, there is a technology that the clubs can adopt to help reduce the noise pollution (sound absorbing panels). The cost of adopting this technology is...