Econ 545 Business Economics Project Two Microeconomic...

ECON 545: Business Economics Project Two: Microeconomic Analysis Situation B For Situation B, Cindy is looking at investing into the renewable energy industry. She is looking at one section of the industry to invest in, which is that of contracting the installation of solar panels. Cindy, has read, that families and businesses are saving money by going to solar for their power needed. Also, that there are government back regulation to make solar more assessable to people. For Cindy, she is looking pass the business opportunity for installing solar planes, but that this product can reduce pollution and help save the environment. GDP and Solar Energy In the United States and most nations in the world, energy is vital in keeping†¦show more content†¦Solar Resources are not only affecting the GDP for power, but in other areas as well. Over a million residential water heaters are replaced each year and more are being replaced by using solar power. The solar power is given an opportunity in use solar power as the primary heating source for homes and commercial buildings. Which can increase the amount of GDP that is spend, yearly on solar and a large share of the energy market. Business Cycle, Unemployment and Inflation When looking at Renewable Energy, with a closer look at solar energy, there could be an increase in the use of solar due to the recession or a trough in the business cycle. The cost of renewable energy on the decline and the increase in the cost of more common energy production, there will be an increase in demand. In the last few years, when economy was in an expansion period, solar power cost did rise and so did the construction cost that caused projects to be stopped. With the recession, that was worldwide, reduced the overall price for the construction of solar panels and made for a rapid growth of equipment manufacturing in Asia. This added competition to the market and made it more affordable to use solar power in the United States. Renewable energy industry is taking more of a foothold, due to an increase in the price of coal and other raw materials that areShow MoreRelatedContemporary Issues in Management Accounting211377 Words   |   846 Pagesilluminate practice and to provide ways of improving it. Although always appealing to his economic understandings, he has been open to a wide variety of other ideas, recognizing their intellectual strengths and capabilities rather than making artificial distinctions between what is acceptable and what is not. He also has contributed widely to the accounting literature, taking forward the British tradition of economic theorizing in financial accounting as well as being a constant source of creative thinkingRead MoreVarian Solution153645 Words   |  615 Pagesthese numbers as being daily rent payments.) Person Price = A = 40 B 25 C D 30 35 E 10 F 18 G 15 H 5 (a) Plot the market demand curve in the following graph. (Hint: When the market price is equal to some consumer i’s reservation price, there will be two diï ¬â‚¬erent quantities of apartments demanded, since consumer i will be indiï ¬â‚¬erent between having or not having an apartment.) 2 THE MARKET (Ch. 1) Price 60 50 40 30 20 10 0 1 2 3 4 5 6 7 8 Apartments (b) Suppose the