Practice+Final+2

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Unformatted text preview: 
answers
to
the
previous
questions,
calculate
the
value
 of
commitment.

How
might
you
achieve
such
credible
commitment?


 
 
 

 
 YOU
MUST
ANSWER
THIS
QUESTION
 
 2.
 
Solar
Panels
(30
points)
 
 The
graph
below
shows
the
price
of
solar
panels
for
electrical
generation
in
the
fictional
 country
of
Titicaca
over
a
3.5
year
period.
The
price
of
solar
panels
is
measured
in
dollars
 per
square
metre.

 
 
 Here
are
some
important
facts:
 • The
market
tends
to
work
by
a
purchaser
of
panels
ringing
a
supplier
and
 requesti...
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