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Question - A report came out in July last year that said Australia's "do nothing" approach of up-taking electric cars could cost the local economy over $350 million in the next 20 years, on top of the one million tonnes of carbon emissions that will be added to the environment. Last year in Australia, just under 2000 electric cars were sold, with the majority of those going to commercial buyers. When you compare that to the 1.1 million new cars sold in Australia last year, it really paints the picture. So what's the issue? Well, there seems to be two: pricing and dealers. As with every emerging technology, the initial entry cost is often high. The cheapest electric car on the market in Australia right now is the Nissan Leaf, which retails for around the $40K mark. But aside from the electric drive-train, everything else about the car was simply on par with vehicles worth half the price. It's an extremely hard sell for the uneducated car buyer. Your next bet is the BMW i3 which starts at $64K before on road costs. Why did majority sales of EV come from the commercial buyers than from individual buyers? (Hint: you may apply the theory of price elasticity of demand to explain.)
Atlantis will lose its patent protection, and analysts expect economic profit to be zero after five years and which is also the maximum price investors would be willing to pay for Atlantis Company.
In the last half of the 1990s, the usual short-run trade-off between inflation and unemploymentdid not arise because: a) the Fed held interest rates constant b) the federal government balanced its budget
What theories did the economist create or advance? What were the economist's major contributions to Microeconomics with special reference to what we teach?
What is the monopolist's profit maximizing level of output? What price will the profit maximizing monopolist charge?
If the government provides public universities, what tuition will achieve the efficient number of students? How much will taxpayers have to pay?
Write a short essay one page and a half about the following video. Resource based economy: Sue Everatt at TEDxPasseigDesBorn- https://www.youtube.com/watch?v=LViQjSXjZPw&spfreload=10.
Supposing the marginal cost curve is for a competitive industry as a whole, find out the profit-maximizing level of output and price.
Which of the following activities is NOT a primary concern of investment banks?
to determine the appropriate landing speed of an airplane the formula d.1x2-3x22 is used where x is the initial landing
A policy that results in a Pareto superior outcome will always satisfy the Kaldor-Hicks Criterion; however, it may not increase social welfare.
How much are total fixed costs? About how much are total variable costs if 5,000 paper clips are produced? What is the price of a paper clip? What is the average revenue from producing paper clips?
Explain why the need to have both a high aggregate demand and a high profit rate for firms to be profitable are two requirements that may stand in contradiction to each other, which in turn may lead to problems in the accumulation of capital and ev..
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