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a) Briefly explain how each of the following work and an example of a region that uses them:
i. Alberta's renewable electricity program (REP)
ii. Feed-in-tariff (FIT)
iii. Renewable portfolio standard (RPS).
b) What are the key differences between Alberta's REP and Ontario's FIT?
The demand for labor by a monopsonist is given by W^d=17-L. The inverse supply curve of labor is given by W^s=2+2L. 1. Find the corresponding total cost and marginal cost functions of this monopsonist. Assume that labor is the only input.
Flour should be acquired through spot exchange a contract vertical integration.
A farmer uses three inputs to produce vegetables: land, labor, and capital. The production function for the farm exhibits diminishing marginal rate of technical substitution. What happens to the cost-minimizing quantities of labor and capital for a g..
Imagine that you are the chair of the Fed and see that Brexit and other events in Europe during this year will have a negative effect on Europe's economy: what policy would you carry out and why?
Suppose that Grinch and Grubb go into the wine business in a small country where wine is difficult to grow. The demand for wine is given by P=$360-0.2Q , where P is the price and Q is the total quantity sold. The industry consists of just the two Cou..
See "Consider This" on page 97 titled "Street Entertainers." Why do street performers face a free-rider problem? How do they try to reduce this problem? Discuss
You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are considering entering the market for this product.
Suppose that there are 10 million unemployed workers in a country and 90 million employed workers. Suppose we know that the fraction of workers who lose their jobs in a given month is .02 and the probability that unemployed workers find work in a giv..
Market Structures: Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Describe the following each one: characteristics of the market. number of substitutes for the good. barriers to entry- legal, control of resource, financial.
Consider options on Microsoft stock. Suppose that there are call options with a strike price of $10 and put options with a strike price of $10, both with the expiration date of January 16th. Compute the gross profit
Percy’s “The Loss of the Creature” provides a rather provocative way to end a semester of reading, writing and thinking about education. Write a 4-5 page essay in which you consider Percy’s ideas as they apply to a student living in a developed cultu..
Texas Instruments are once announced a price for random-access memories that wouldn't be available until two years after the announcement. A few days later, Bowmar announced that it would produce this product and sell it a lower price than Texas Inst..
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