Production possibilities curves of electric cars

Assignment Help Business Management
Reference no: EM132316934

Suppose that the production possibilities curves of electric cars and those with gasoline is arched towards the outside.

In response to strong consumer demand, producers decide to produce 20 million more electric cars and, on the other hand, they must reduce the production of gas-powered cars by 20 million units. In order to reduce greenhouse gases, the government is announcing a new tax credit for the purchase of electric cars. To meet demand, producers are increasing their production of 10 million electric cars.

All things being equal, can we expect the production of gasoline cars to drop, increase or remain stable, with an amount greater than, equal to or less than 10 million units? Explain

Reference no: EM132316934

Questions Cloud

Analyse and interpret information about the organisation : BSBINN601 Lead and Manage Organisational Change Assignment, Alpha Institute, Australia. Analyse and interpret information about the organisation
Examine each possibility and the factors you will consider : You have to decide how you would like to proceed. Your options are to further investigate one or more of the overseas sites or to simply continue all operations
Market for nurses is perfectly competitive : Suppose the market for nurses is perfectly competitive. Further suppose that there are a large number of hospitals, doctors offices, clinic, etc
How would you choose to invest your retirement savings : How would you choose to invest your retirement savings? Why did you choose that option(s)?
Production possibilities curves of electric cars : Suppose that the production possibilities curves of electric cars and those with gasoline is arched towards the outside.
Explain the rationale behind the appeal : For this assignment, you work for the marketing manager of an organization that is going to launch a new line of personal care products in the U.S. market.
What do you think about our current economy : Given the articles you have read and the things you have learned, what do you think about our current economy? Is it running efficiently now?
What lessons did you learn : Milton Friedman expresses ambivalence toward such supply-side economics. What lessons did you learn?
Explain with economic reasoning and an appropriate diagram : The optimal purchasing rule is satisfied when a budget line is tangent to an indifference curve. Explain with economic reasoning and an appropriate diagram.

Reviews

Write a Review

Business Management Questions & Answers

  Leadership-negotiation principles

I dont understand how to identify a current event and break down the Leadership & Negotiation principles and how it has translated into benefiting yourself

  Projected average operating time

A manager must decide between two machines. The manager will take into account each machine's operating costs and initial costs, and its breakdown and repair times. Machine A has a projected average operating time of 150 hours and a projected aver..

  Movements-naturalism and the victorian era

Up to this point we have discussed two literary movements, naturalism and the Victorian era. You will select one era and in partial fulfillment of Course Objective 4, you will discuss a literary movement in connection with one of our assigned read..

  Explain challenge in terms of cross-cultural management

What do you think the biggest challenge in terms of cross-cultural management will be in the merger of these two companies? Remember to consider to issues of differences in national cultural values between Japan and the U.S.?

  Demand and supply equations for quantity per month

Suppose the market for laptop computers is perfectly competitive, with the following demand and supply equations for quantity per month:

  Effective characteristics of leaders

Why do you believe these characteristics are important and Cite the text and at least one other source to support your opinion.

  Damages remedy or an injunctive remedy

As polluter, would you prefer that a damages remedy or an injunctive remedy be available to the victims of your pollution?

  Find the present value of the annuity

If she takes the $1.5 million, spends $700,000 of it, and invests the remainder at 7.2% compounded monthly, what amount will she receive at the end of each month for the next 40 years?

  Describe the economic environment of wal-mart stores

describe the economic environment of wal-mart stores inc.research an organization of your choice and submit a research

  Problem regarding the risk reduction project topic

For this unit you will write a statement of the problem regarding the risk reduction project topic you chose in Unit I.

  Administrative information and demographic

There are several items to be included in this paper. There are three large categories: Administrative Information and Demographic, Financial, and Clinical Data, Clinical Information, and Clinical Observations. All information for the paper sho..

  Describe the nephron and all its parts

What are the processes that take place in this structure as well as the ions that enter and leave the system during these processes?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd