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1. In many jurisdictions, regulators and firms have introduced demand-side management (DSM) and conservation programs. These programs are designed to encourage consumers to reduce their consumption of electricity, especially in peak periods. For instance in the City of Calgary, Enmax-the municipal-owned electricity supplier-has used an advertising campaign to try and convince con- sumers to reduce their power consumption during the "electricity rush hour." Other aspects of such programs include encouraging consumers to switch to alternative technologies by subsidizing the use of energy conserving appliances, light bulbs, etc. Are DSM programs substitutes for peak-load pricing? Under what circumstances are DSM programs socially inefficient? Efficient?
Define Q to be level of output produced and sold, and suppose that the firm's cost function is given by the relationship;
Create a supply and demand graph and identify areas of customer’s surplus and producer surplus. Given the demand curve, determine what impact will an risee in supply have on amount of customer surplus shown in your diagram?
Determine which of the following is not one of the basic preconditions for economic growth?
3. Suppose that in Australia, investment is $160 billion, saving is $140 billion, government expenditure on goods and services is $150 billion, exports are $200 billion and imports are $250 billion. a. What is the amount of tax revenue? What is the g..
Consider a good being sold in both city A and city B. The correlation coefficient between the price of the good in city A and city B (using weekly data over the period 2007 to the present) is 0.92. We may conclude that city A and city B are in the..
economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future.
Airline alliances are major global partnerships that typically secure antitrust immunization, develop code share flights, coordinate frequent flyer plans,
What does this imply about the current versus future expected exchange rate (for the Australian and Canadian dollars)? Explain.
a professors rule of thumb is that students should spend 2 hours studying for each 1 hour spent in class. professor bob
Differentiate between a change in quantity demanded and a change in demand. In the three months before a $1 per pack cigarette tax took effect in Alaska, smokers bought 175 million more cigarettes than during the same period a year earlier.
a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection. b. Discuss a few tactics that managers can use to overcome these problems.
Three natural resources as well as products that could be traded abroad based on the principles of comparative advantage for India.
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