Please no written by hand solutionPlease discuss based on 1e and 2a 1.2.Assume you are the Project Manager of a construction company going toprepare the tender for a first-class highrise commercial building adoptingstructural steel frame structure. Discuss the factors affecting the price of one ofthe following items considering of the current local market condition.a.b.C.d.e.a.b.Assume you are the Business Development Manager of one the followingcompany. Analyse the potential impacts of any one of the policies proposed inthe Hong Kong 2022 Policy Address or Hong Kong 2023-24 GovernmentBudget to your company.C.First-class marbleGeneral grade cementStructural steeld.Dry wall partitionLicensed welder for structural steel workInternational construction companyLocal construction company for general building and civil engineeringprojectsMedium size construction company focusing on public housingprojectsSubsidiary of a major local property developer to handle the in-houseprojects

The term "market condition" describes the status of the market at a specific time, including the…

1. Assume you are the Project Manager of a construction company going to prepare the tender for a first-class highrise commercial building adopting structural steel frame structure. Discuss the factors affecting the price of one of the following items considering of the current local market condition. a. b. C. d. e. First-class marble General grade cement Structural steel Dry wall partition Licensed welder for structural steel work

1. Assume you are the Project Manager of a construction company going to prepare the tender for a first-class highrise commercial building adopting structural steel frame structure. Discuss the factors affecting the price of one of the following items considering of the current local market condition. a. b. C. d. e. First-class marble General grade cement Structural steel Dry wall partition Licensed welder for structural steel work

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...

See similar textbooks

Similar questions

Directions: Provide what is asked in each number.1. Lizzy and Kris are both grade 11 students who are taking up ABM astheir specialization. As part of their Applied Economics subject anexperiment was given to them to find the equilibrium quantity and priceof Buko Juice in their school canteen. During the said experiment thefollowing data were collected by Lizzy and Kris. Fill out the missinginformation and find out the Equilibrium Price and Quantity by drawingits market equilibrium curve.
During the night, the electricity sector has a marginal cost of $1/MWh (megawatt-hour) forthe first 100 MWh produced (from wind turbines), and $20/MWh for each additional unit (from gasgenerators). During the day, they have a marginal cost of $1/MWh (megawatt-hour) for the first 50MWh produced (from solar panels), and $20/MWh for each additional unit (from gas generators).Nighttime and daytime demand are given by QnightD = 50 −P and QdayD = 200 −P , respectively.What are the market quantity and price during the day, and the market quantity and price at night?This is a model of the wholesale market for electricity, which you can think of as being competitive,but there is no resale between night and day.
City-wide lockdowns were implemented in Sydney by the NSW government in July-August 2021 in response to new COVID-19 cases detected in the community. Assuming a perfectly competitive market and using a market demand and supply model: Illustrate the market equilibrium for Sydney apartments before the city-wide lockdown was implemented. (b) Explain, with the aid of a new diagram, the impact of the Sydney city-wide lockdown on the market from part (a) assuming the construction industry was still allowed to operate normally. (c) Suppose the NSW government was considering doubling the first-home buyer’s grant. Explain the impact of this on the market for Sydney apartments and illustrate this on your diagram from part (b). 2. Assume that builder XYZ is a monopoly in Sydney’s Southwest, who specialises in apartment construction Draw a diagram to illustrate XYZ making economic profits before the implementation of the hard lockdown in Sydney’s Southwest. On your diagram…
use diagramsa. What is the effect on the equilibrium price and quantity traded in market of theintroduction of a new technology that reduces costs of production for all firms?b. What is the effect on the equilibrium price and quantity traded in a market of a changein tastes that reduces the demand for the product?c. What is the effect on the equilibrium price and quantity traded in a market of theimposition of a tax per unit sold on suppliers?d. What is the effect on the equilibrium price and quantity traded in a market of thepayment of a subsidy per unit sold paid to suppliers?
City-wide lockdowns were implemented in Sydney by the NSW government in July-August 2021 in response to new COVID-19 cases detected in the community.1. Assuming a perfectly competitive market and using a market demand and supply model:(a) Illustrate the market equilibrium for Sydney apartments before the city-wide lockdown was implemented. (b) Explain, with the aid of a new diagram, the impact of the Sydney city-wide lockdown on the market from part (a) assuming the construction industry was still allowed to operate normally.(c) Suppose the NSW government was considering doubling the first-home buyer’s grant. Explain the impact of this on the market for Sydney apartments and illustrate this on your diagram from part (b).2. Assume that builder XYZ is a monopoly in Sydney’s Southwest, who specialises in apartment construction.(a) Draw a diagram to illustrate XYZ making economic profits before the implementation of the hard lockdown in Sydney’s Southwest. On your diagram clearly indicate…
A company is considering building a bridge across ariver. The bridge would cost $2 million to build andnothing to maintain. The following table shows thecompany’s anticipated demand over the lifetime ofthe bridge:Price per CrossingNumber of Crossings,in Thousands$8 07 1006 2005 3004 4003 5002 6001 7000 800a. If the company were to build the bridge, whatwould be its profit-maximizing price? Would thatlevel of output be efficient? Why or why not?b. If the company is interested in maximizing profit,should it build the bridge? What would be itsprofit or loss?c. If the government were to build the bridge, whatprice should it charge?d. Should the government build the bridge?Explain.
An airline company determines the price of a seat on a particular route betweencity A and city B to bep = 200 + 0.02n,where p is the airfare price in euro and n is the number of airplane seats sold perday.The travel demand for this route by air has been found to ben = 4700 – 20p Q1 (A)Construct the demand and supply curves for this air transportation market. Q1 (B)Determine the equilibrium price charged and the number of seats sold per day,and the resulting revenues of the company. Q1 (C)Suppose that the airline company decides to connect city A with city B through anindirect flight service via a regional hub at city C. Discuss the implications of thisdecision from the company’s and the customers’ viewpoin
A6 A functioning market exists when there is more than one firm on either the buying side of the selling side of the market for a particular product.
This question is inspired on the recent evolution of electricity markets in Switzerland and the EU.Suppose a market consists of three producers:i. Firm 1 (photovoltaics) has a marginal cost of production od CHF 1 and can produce up to 100 MW/h;ii. Firm 2 (hydroelectric) has a marginal cost od production of CHF 5 and can produce up to 200 MW/H;iii. Firm 3 (gas) has a marginal cost od production of CHF 20 and can produce up to 200 MW/h.For simplicity, assume that there are no fixed costs of production.Consumers are willing to pay a constant amount of 25 CHF for each additional MW/h up to 500 MW/h. a) Draw a graph of supply and demand for this market.b) Calculate the price in the market and the profits of each company.
(A) From the Graph HWI-Q1, please construct the direct linear Qs (P) and Qd (P) functions (assuming that the market price is P3 and market quantity is Q1.) Also solve for P* and Q* mathematically. (B) Graph both schedules (that you just built in Problem 1A) and label the market-clearing price and quantity along with their equilibrium point on YOUR OWN graph WITH GREAT CARE! (C) Please fill empty cells for Table HWI-Q1 below -with values for Qs (P), Qd (P), (Qs - Qd) and to indicate whether P moves UP/DOWN/NC (No Change).
***Just the last paragraph of the question please*** A ski resort in the White Mountains has conducted market and cost studies, and has determined that the demand and supply for ski-lift tickets at their resort are represented by: Qd=1750 - 5P - 8PR + 2PB; Qs=50 + 20P - 3PE. In these equations, P represents the price of a full-day lift ticket, in dollars per ticket; PR is the price of a ski-rental package; PB is the price of a pint of beer at the local pub in the nearby town; and PE is the price per megawatt hour for the electricity used to run the chair lifts on the ski slopes. Based on the equations above, determine whether the beer in the local pub is a substitute or complement to skiing. Briefly explain your answer. Suppose the price of a ski-rental package is $20, the price of a pint of beer is $5, and the price of electricity is $150 per megawatt hour. Calculate equilibrium price and quantity of ski-lift tickets. Now consider the more general relationship between the price of…
The car manufacturing market consists of100 identical factories, each with a marginalcost curve represented by MC =120 + 20where Q represents the amount of carsoffered.a) Derive the industry supply curve for cars.b) If the demand for cars is represented byP=250- 4Q, how many cars are bought atequilibrium?c) Calculate the aggregate consumer andproducer surplus at market equilibrium.