Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 400. Consider the basic two-period model. What is consumption of the resource in the future?
92.86 |
||
107.14 |
||
154.76 |
||
200 |
||
none of the above |
Answer option 5) all wrong
Q= 150-P+2*50
Q= 250-P
P= 250-Q
Q1+Q2= 400
At eqm,
250-Q1 = (250-Q2)/(1+r)
(250-Q1)*1.1 = (250-Q2)
put Q1= 400-Q2
275-1.1*Q1 = 250-Q2
25= 1.1(400-Q2) - Q2
25= 440-2.1Q2
Q2*= 197.62
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 400. Consider the basic two-period model. What is consumption of the resource in the future? 92.86 107.14 154.76 200 none of the above
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 in the present but Y = 100 in the future. Let MC = 0. Let reserves = 200. Consider the basic two-period model. What is consumption of the resource in the present? 48.32 55.23 62.44 70.12 none of the above Let demand be given by Q = 150 - P...
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 200. Consider the basic two-period model. What is consumption of the resource in the present? 92.86 100 107.14 115.12 none of the above
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 200. Consider the basic two-period model. What is consumption of the resource in the present? 92.86 100 107.14 115.12 none of the above
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 200. Consider the basic two-period model. What is consumption of the resource in the present? 92.86 100 107.14 115.12 none of the above
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 200. Let there be a backstop technology available at a constant price of $40. Consider the basic two-period model. What is consumption of the resource in the present? 92.86 105.71 107.14 200.00 213.64
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 200. Let there be a backstop technology available at a constant price of $40. Consider the basic two-period model. What is consumption of the resource in the present? 92.86 105.71 107.14 200.00 213.64
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 30. Let reserves = 200. Consider the basic two-period model. What is consumption of the resource in the present? 94.29 105.71 107.14 111.11 none of the above
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 30. Let reserves = 200. Consider the basic two-period model. What is consumption of the resource in the present? 94.29 105.71 107.14 111.11 none of the above
Let demand be given by Q = 150 - P + 2Y. This is the same for all problems of this type. Let r = 10%. Let Y = 50 across both periods. Let MC = 0. Let reserves = 200. Consider the basic two-period model. What is consumption of the resource in the present IF THE OWNER OF THE RESOURCE IS A MONOPOLIST? 94.29 98.81 101.19 105.71 none of the above