The government has been trying to encourage the use of fuel-efficient cars. One way it has been doing this has been by allowing fuel-efficient cars to use a separate highway lane. This encourages people to use fuel efficient cars because?
macroeconomics
The answer is those who place a high value on their scarce time may be encouraged to buy a fuel efficient car to take advantage of the separate highway lane
The government has been trying to encourage the use of fuel-efficient cars. One way it has been doing this has been by allowing fuel-efficient cars to use a separate highway lane. This encourages people to use fuel efficient cars because Those who value their limited time may be encouraged to purchase a fuel-efficient car to take advantage of the separate highway lane
The government has been trying to encourage the use of fuel-efficient cars. One way it has...
Background to the question A pandemic has struck, and a government is trying to manage the response. QUESTION You have been hired as an economist to help consult on the government’s response. In your answer you should use appropriate models (and diagrams) studied in class. 1. Health officials have called for the government to enforce “social distancing” measures in order to slow the spread of the virus. Consider the market for food delivery (e.g., Deliveroo). The business of this...
12. A "mixed" public good is one which a) has the properties of both private and public goods. b) is provided by both the government and private firms. c) is valued differently by different people. d) None of the above. 13. It is inefficient to charge a price for a non-rival good because a) the marginal cost of the good is zero. b) the marginal cost of an additional consumer is zero. c) the marginal willingness to pay of an...
One possible worry about electric cars is that they're currently powered by dirty electricity. But proponents, as quoted in this story on the issue, claim that they're still cleaner than traditional cars even if their electricity comes from fossil fuels because of how efficient large-scale electricity production is and how efficient electric motors are. Let's investigate for ourselves. 1.) Let's look at the worst-case scenario, an electric car powered entirely by electricity from coal. Assume the car is a Nissan...
Natural gas is widely used as a fuel to cook food and provide heat in homes, to produce electricity in power plants, and to help transport us in cars and trucks. Natural gas has often been collected above conventional oil deposits, but the popularity of collecting this gas using hydraulic fracturing has increased in recent years, particularly in the United States. However, the growing use of hydraulic fracturing, or fracking, has raised environmental concerns, spurring numerous debates and protests across...
Widgetco, Inc. has been highly successful over the past several years in making widgets. As the company has grown, new people, new computers, new everything has been put in place. One of the key challenges has been trying to ensure that everyone is paid correctly, performance evaluations are done in a timely fashion, and human resource metrics are captured in such a way as to frame efforts at retention and minimization of employee turn-over. Widgetco, Inc. is great at making...
3. Transparent electronics is something that has been developed here at OSU. One use they are being developed for is the creation of clear solar panels that can be used as windows. Using what you have learned from this lab about photovoltaic cells and light angles, discuss the pros and cons of using this new technology on skylights versus windows on the sides of buildings. Which one would be more efficient at energy conversion and why?
Please use Excel
Exercise (2 p) 1. Research group has developed a new powerline for electric vehicles. Powerline is more efficient and will incrase the operation distance of the car. Let X, be the random variable what describes the increase in operation distance of car i (unit km/kWh). Based on theoretical calculations, the expected value of increased distance is μ-E(X)-1 km/kWh. i) One of the largest car manufacturers in the world investigates the power line in extensive research where the...
Life has been good to you so far. Now you
have a job, and, you're thinking, life is even better now that you
have a paycheck! However, your job has been trying, and a little
bit boring. So, you'd like to take up some time developing an
algorithm to make the job even easier than it already is. Here's
you job: You are the Measure Minister. People in your town, being
too stupid to use a yardstick , bring to...
When taxes induce people to change their behaviour—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving.Consider a...
ELG Holiday company has been trying to win the business of the UNIT group for some time and is keen to provide a quotation which the UNIT group will find acceptable in the hope that this will lead to future contracts. The manager of ELG has produced the following cost estimate for the conference: Coach running costs 2,000 Driver costs 3,000 Hotel costs 5,000 General Overheads 2,000 Sub total 12,000 Profit (30%) 3,600 You are the cost accountant of ELG....