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Analyzing shifts in demand curves
In 2005, APEX received a tax credit for production of its solar panels through the US Department of Energy's Energy Efficiency and Renewable Energy (EERE) procurement plan. The credit allowed APEX to reduce the selling price of its panels by 15%. In response to this discounted price, APEX experienced a 20% increase in the number of solar panels sold for home construction during the first 12 months following this price reduction. Over time, home builders found that, not only were the solar panels a cost-effective source of residential energy supply, but they also were an added plus in marketing for today's environmentally conscious consumer.
The Department of Energy is considering diverting funds from the solar panel subsidy in order to provide more financial support for alternative energy research. The CFO has asked your team to make a projection of how APEX's sales volume might be affected if in fact this tax credit is repealed and solar panel prices rise by 15% this year. Is it reasonable to think that APEX will experience a 20% drop in the number of solar panels sold? Or, could you argue that the drop in sales might be something less or something more than this? Use economic reasoning to justify your forecast.
Reflecting back on what you learned about sustainable management practices throughout this quarter; determine 5 activities that illustrate sustainable management of resources that you pursue in your everyday life.
Illustrate what is more important for them to monitor and target, inflation or interest rates.
Elucidate the significance and implications of various economic theories pertaining to profit, consumer choice, demand and supply, forecasting and optimization.
Elucidate what are the best goals for the Fed. Should it lean toward restraint or toward expansion.
Describe (with appropriate figure) short run and the long run impact of immigration on native labour market when the immigrants and natives are complements.
Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
Explain why both marginal and average costs are believed to eventually increase in the short run.
According to the Solow growth model, a country that increases its rate of capital investment can overcome diminishing marginal returns to capital and achieve sustained high growth over time.
Illustrate what are the major differences among an open and closed economy
Maker an article or current event article which relates to government regulations or antitrust activities.
The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist's total revenue at each of the nine prices
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