Can Tesla convince consumers to buy all electric cars?
Homework Answers
Yes, Tesla can convince consumers to buy all electric cars because Tesla, Inc. Facing merchant disputes in some states as a result of local law. In the United States, selling cars directly to manufacturers is prohibited in many states by a franchise law that requires new cars to be sold only by independent dealers. Electric car maker Tesla claims that in order to properly explain to customers the advantages of their car over traditional combustion engine vehicles, they can not rely on third-party distributors to handle their sales.
There are four consumers willing to pay the following amounts for an electric car. Consumer 1:...
There are four consumers willing to pay the following amounts for an electric car. Consumer 1: Consumer 2: Consumer 3: Consumer 4 60,000 50,000 90,000 S30,000 There are four firms that can produce electric cars. Each can produce one car at the following costs Firm C $40,000 Firm A: Firm B: 580,000 Firm D: 30,000 $50,000 Each firm can produce at most one car. Suppose the market for electric cars is competitive Why is the equilibrium price in this market...
One of the complaints about Tesla cars is the cost of the cars. A Tesla Model...
One of the complaints about Tesla cars is the cost of the cars. A Tesla Model S costs $75,000, while the Model 3 costs $35,000. One reason that the Model 3 costs less is because Tesla produces many more Model 3's than Model S's. This is an example of Group of answer choices Increasing Returns to Scale Decreasing Returns to Scale Constant Returns to Scale Network Economies of Scale
The Tesla Model X is an electric car that can travel approximately 238-295 mi on a...
The Tesla Model X is an electric car that can travel approximately 238-295 mi on a full charge. Tesla dealers claim the time it takes to fully recharge depends on the percent depleted, but is approximately a normal random variable X with mean u = 2.5 hours and standard deviation o = 0.75 hour (on a 240-volt line). Suppose a random Tesla Model X is connected to a home recharging station. (c) If the amount of time to fully recharge...
1) The demand for the Tesla electric automobile is P = 200,000 – 2.1 Q, where...
1) The demand for the Tesla electric automobile is P = 200,000 – 2.1 Q, where P is in $/car and Q is the number of cars sold per year. The supply of the Tesla in question 3 is P = 20,000 + Q, P is in $/car and Q is the number of cars produced per year. What is the equilibrium quantity sold, to the nearest car? 2)The demand for the Tesla electric automobile is P = 200,000 –...
Chapter 04: You Decide: Tesla Tesla is a 10-year-old company that specializes in electric power technology...
Chapter 04: You Decide: Tesla Tesla is a 10-year-old company that specializes in electric power technology The firm sells its powertrain components to other car companies. At the same time, it is seling a high-performance electric Roadster and the Model S and Model X luxury cars. The company is serving two customers at the same time, both with a focused differentiation strategy: high-end car buyers and car manufacturers with electric cars in their portfolio. This has a potential conflict-creating potential...
Game Theory: The Case Of the Electric Cars Startup... !!Please Help!!.
Imagine you and your friends have created a new prototype of an electric car and you are discussing the possibility of opening a start-up to produce and sell it. Your big shot is represented by the US! Even though it is still a market niche, US electric car demand is high enough to allow you high returns to your investments. To this extent, you start gathering information to be able to draw a production plan. Yet, there is a big...
Q4. Tesla Suppose that the distance that a new Tesla can drive on a fully charged...
Q4. Tesla Suppose that the distance that a new Tesla can drive on a fully charged battery has a mean of 300 miles with a standard deviation of 15 miles. The performance of all Tesla vehicles is similar and independent of each other (We call it i.i.d: independent and identical distribution). What is the mean and standard deviation of the average driving distance on a fully charged battery in a sample of 30 cars? ( 2 points) What is the...
Question 1 8 pts Suppose the market for Nissan's electric cars is currently in equilibrium. Suddenly,...
Question 1 8 pts Suppose the market for Nissan's electric cars is currently in equilibrium. Suddenly, Tesla, a competitor, announces that they will decrease the price of all their electric cars by 5%. A. (2 points) What happens to the demand for Nissan's electric cars? B. (2 points) What happens to the supply of Nissan's electric cars? C. (2 points) What happens to the price of Nissan's electric cars in the new equilibrium? (hint, it might help you to draw...
1- The inverse demand for the Tesla electric automobile is Qd = 100,000 - 0.5P, where...
1- The inverse demand for the Tesla electric automobile is Qd = 100,000 - 0.5P, where P is in S/car and is the number of cars sold per year. Currently, the U.S. government offers incentives to buyers of electric vehicles worth $5000. If the current selling price of the Tesla is $75,000, what is consumer surplus when the subsidy is available? What will be the change in consumer surplus after the incentive has expired? (Hint: draw the demand curve)
Suppose the demand for Tesla cars decreases and the supply for pens increases. What effect will...
Suppose the demand for Tesla cars decreases and the supply for pens increases. What effect will it have on the equilibrium price for Tesla cars? a. There will be no change b. Uncertain c. It will fall d. It will rise
There are four consumers willing to pay the following amounts for an electric car. Consumer 1: Consumer 2: Consumer 3: Consumer 4 60,000 50,000 90,000 S30,000 There are four firms that can produce electric cars. Each can produce one car at the following costs Firm C $40,000 Firm A: Firm B: 580,000 Firm D: 30,000 $50,000 Each firm can produce at most one car. Suppose the market for electric cars is competitive Why is the equilibrium price in this market...
The Tesla Model X is an electric car that can travel approximately 238-295 mi on a full charge. Tesla dealers claim the time it takes to fully recharge depends on the percent depleted, but is approximately a normal random variable X with mean u = 2.5 hours and standard deviation o = 0.75 hour (on a 240-volt line). Suppose a random Tesla Model X is connected to a home recharging station. (c) If the amount of time to fully recharge...
Chapter 04: You Decide: Tesla Tesla is a 10-year-old company that specializes in electric power technology The firm sells its powertrain components to other car companies. At the same time, it is seling a high-performance electric Roadster and the Model S and Model X luxury cars. The company is serving two customers at the same time, both with a focused differentiation strategy: high-end car buyers and car manufacturers with electric cars in their portfolio. This has a potential conflict-creating potential...
Question 1 8 pts Suppose the market for Nissan's electric cars is currently in equilibrium. Suddenly, Tesla, a competitor, announces that they will decrease the price of all their electric cars by 5%. A. (2 points) What happens to the demand for Nissan's electric cars? B. (2 points) What happens to the supply of Nissan's electric cars? C. (2 points) What happens to the price of Nissan's electric cars in the new equilibrium? (hint, it might help you to draw...
1- The inverse demand for the Tesla electric automobile is Qd = 100,000 - 0.5P, where P is in S/car and is the number of cars sold per year. Currently, the U.S. government offers incentives to buyers of electric vehicles worth $5000. If the current selling price of the Tesla is $75,000, what is consumer surplus when the subsidy is available? What will be the change in consumer surplus after the incentive has expired? (Hint: draw the demand curve)
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