Question

What is the resource demand for producing the product? ( Tesla Company )

What is the resource demand for producing the product? ( Tesla Company )

Homework Answers

Answer #1

Tesla is accelerating the world's transition to sustainable energy with electric cars and integrated renewable energy solutions. It is the largest producer of electric vehicles in the world.

However, production of electic cars face a number of resource demands, some of which are:

i) Land use

Land is the most unexpected resource concern for Tesla, since its electric cars are required to be parked somewhere in order to be charged.

ii) Natural Gas

Electricity used for charging has to come from somewhere. Additional electricity supply for day-time charging is a must, which can be covered using natural gas.

iii) Battery metals

There will be an increase in demand for lithium and cobalt to build electric car batteries.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
3. What factors determine the elasticity of resource demand? What effect will each of the following...
3. What factors determine the elasticity of resource demand? What effect will each of the following have on the elasticity or the location of the demand for resource C, which is being used to produce commodity X? Where there is any uncertainty as to the outcome, specify the causes of that uncertainty. LO16.4 a. An increase in the demand for product X. b. An increase in the price of substitute resource D. c. An increase in the number of resources...
A fall in the demand for a resource to produce some product (X) will all of...
A fall in the demand for a resource to produce some product (X) will all of these answers are correct. reduce the value of that resource. raise the cost of using the resource for an alternative product (Y). none of these answers are correct. reduce the use of that resource in alternative lower valued products.
Choosing the Optimal Product Mix with a Constrained Resource and a Demand Constraint Billings Company produces...
Choosing the Optimal Product Mix with a Constrained Resource and a Demand Constraint Billings Company produces two products, Product Reno and Product Tahoe. Each product goes through its own assembly and finishing departments. However, both of them must go through the painting department. The painting department has capacity of 2,460 hours per year. Product Reno has a unit contribution margin of $120 and requires 5 hours of painting department time. Product Tahoe has a unit contribution margin of $75 and...
hoosing the Optimal Product Mix with a Constrained Resource and a Demand Constraint Billings Company produces...
hoosing the Optimal Product Mix with a Constrained Resource and a Demand Constraint Billings Company produces two products, Product Reno and Product Tahoe. Each product goes through its own assembly and finishing departments. However, both of them must go through the painting department. The painting department has capacity of 2,460 hours per year. Product Reno has a unit contribution margin of $120 and requires five hours of painting department time. Product Tahoe has a unit contribution margin of $75 and...
Is Tesla well positipned to transition itself into a service provider, rather than a product-based company?...
Is Tesla well positipned to transition itself into a service provider, rather than a product-based company? Why or why not? Are consumers likely to accept Tesla as a reliable source of energy services? Why or why not?
(A) What is the difference between a change in resource demand and a change in the...
(A) What is the difference between a change in resource demand and a change in the quantity of a resource demanded? (B) What factors contribute to a change in resource demand or a change in the quantity of a resource demanded?
For a multi-product company with a limited resource, company-wide net income will be maximized if A...
For a multi-product company with a limited resource, company-wide net income will be maximized if A : fixed costs equal the dollar amount of sales. B : production capacity is prioritized to the product with the highest contribution margin per unit of limited resource. C : production capacity is prioritized to the product with the highest unit contribution margin. D : total costs equals sales revenue.
The supply of Tesla is P = 20,000 + 10 Q, and the demand function is...
The supply of Tesla is P = 20,000 + 10 Q, and the demand function is P = 200,000 -2Q, P is in $/car and Q is the number of cars produced per year. If the current selling price of the Tesla is $75,000, what is producer surplus?
Your firm is one of ten firms producing a product. The industry elasticity of demand for...
Your firm is one of ten firms producing a product. The industry elasticity of demand for your product is -1.2. The marginal cost of your product is constant at $30 and average total cost is currently $25. Using above information, complete the below statements by selecting the correct answer. Your firm's mark-up factor/rule is equal to Your firm’s elasticity of demand for this product is equal to The price of this product is equal to Your firm's mark-up on this...
5) The demand for the Tesla electric automobile is P = 200,000 – 2.1 Q, where...
5) 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 Total Surplus in the Tesla market, to the nearest million dollars? 6) The demand for the Tesla electric automobile is...