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In producing petroleum from oil shale, approximately 1.5 metric tons of shale should be processed to produce one barrel of oil (140 kg). Determine the mass and volume of spent oil shale resulting in the production of one million barrels of oil. Take the density of the loosely dumped spent shale to be 1.2 metric tons per cubic meter. What would be the volume produced in one year for the production rate of one MBD? Assuming that the spent shale is uniformly distributed with a height of 100 m, determine the land area needed to dispose of one year's waste.
In spending all his income on beer and pizza, Fred finds that the marginal utility of the last pizza is currently 8, the marginal utility of the last bottle of beer is 4, and the price of a bottle of beer is $1.50. If Fred has maximized his utility, ..
Suppose the government were to provide a $2 per hour subsidy for families who purchases child care, regardless of work or wage status. This will.. Increase female labor force participation as take home pay for women will increase.
Show where or not above production function exhibits diminishing marginal productivity of labour. Determine nature of Return to Scale as exhibited by above production function.
q.why cant all the balance of payments accounts be in surplus? what factors determine the demand for british pounds in
If the market interest rate is expected to rise from this year to the next, would you prefer to be holding a 5-year bond or a 10-year bond? If the market interest rate is expected to fall from this year to the next, would you prefer to be holding a 5..
To determine which of the output levels represents a macroeconomic equilibrium.
Activity-based costing uses: A. multiple cost pools to develop a single allocation rate B. multiple cost pools to develop multiple allocation rates C. a single cost pool to develop multiple allocation rates D. a single cost pool to develop a single a..
At some levels of output Acme's average total costs are less than Generic's, but at some levels of output Generic's average costs are less than Acme's.
The main reason firms may exit a market is because of:
Find out the contingent demand function for labor and capital and the corresponding total cost function. Find the long-run average cost and the long-run marginal cost of both inputs.
Woody's utility function is U(C, R)= C- (12-R)^2, where C is his consumption and R is the amount of leisure he has per day. He has 16 hours a day to divide between work and leisure. He has an income of 20$ a day from non-labour sources. If Woody can ..
The Olde Yogurt Factory has reduced the price of its popular Mmmm Sundae from $2.25 to $1.75. As a result, the firm's daily sales of these sundaes have increased from 1,500 per day to 1,800 per day. Compute the arc price elasticity of demand over thi..
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