Hi can you please answer this question Josel owns an energy company. He produces electricity from solar energy and wind energy.The technology is as followsFieldGreen Field (10 acres)Red Field (12 acres)FieldSolar EnergyO A. Cw = 5 and C's = 12.O B. Cw = 5 and C's = 7.O C. Cw = 10 and Cs = 24.O D. Cw = 5 and C's = 24.O E. None of the above.Green Field (10 acres)2 acres needed for each unitRed Field (12 acres)3 acres needed for each unitOutside merchants buy and sell solar energy and wind energy at prices Ps= $2 and Pw=$4, respectively. Suppose that Josel wants to spend 20 dollars of his income on wind energyand the rest on solar energy. Then,Josel owns an energy company. He produces electricity from solar energy and wind energy.The technology is as followsO B. 10/3 < t < 4.O c. t < 3.O D. t < 2.O E. None of the above.Solar EnergyWind Energy2 acres needed for each unit2 acres needed for each unit3 acres needed for each unit1 acre needed for each unitWind Energy2 acres needed for each unit1 acre needed for each unitOutside merchants buy and sell solar energy and wind energy at prices Ps = $2 and Pw =$4, respectively. Suppose that the government wants to encourage the production of solarenergy (and thus discourage completely the production of wind energy, i.e., Qw = 0). Then,the per-unit tax on wind energy must satisfy[Hint: If the government taxes the production of wind energy, then Josel receives 4-tdollars instead of 4 dollars for each unit of wind energy]O A. 2 < t < 3.

It is given that: Ps = $2 Pw = $4 Josel spends $20 of wind energy

Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Green Field (10 acres) Red Field (12 acres) Solar Energy 2 acres needed for each unit 3 acres needed for each unit Wind Energy 2 acres needed for each unit 1 acre needed for each unit Outside merchants buy and sell solar energy and wind energy at prices Ps= $2 and Pw $4, respectively. Suppose that Josel wants to spend 20 dollars of his income on wind energy and the rest on solar energy. Then,

Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Green Field (10 acres) Red Field (12 acres) Solar Energy 2 acres needed for each unit 3 acres needed for each unit Wind Energy 2 acres needed for each unit 1 acre needed for each unit Outside merchants buy and sell solar energy and wind energy at prices Ps= $2 and Pw $4, respectively. Suppose that Josel wants to spend 20 dollars of his income on wind energy and the rest on solar energy. Then,

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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