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Examine the following variables that could affect the price of oil:
a. Tax credits were offered for expenditures on home insulation.
b. The Alaskan pipeline was completed.
c. A supposed ceiling on the price of oil was removed.
d. A new, very large deposit of oil was discovered.
e. Buyers in large numbers all of the sudden started driving large sport utility vehicles. f. The use of nuclear power suddenly decreased.
Choose any two of the above variables, and describe how your selections would affect oil prices based on the supply and demand analysis.
suppose you are the owner-operator of a gas station in a small town. over the past 20 years you and your rival have
Yet many financial decision-makers at some of the most prominent firms in the world continue to use less desirable measures such as the payback.
Sarah is awake for 100 hours per week. Using one diagram, show Sarah's budget constraints if she earns $6 per hour, $8 per hour, and $10 per hour. Now draw indifference curves such that Sarah's labor supply curve is upward sloping when the wage is be..
Draw your budget constraint assuming that you pay no taxes (and receive no subsidies) on your income. On the same diagram, draw another budget constraint assuming that you receive a 20 percent subsidy (that is, for every dollar you receive in labor m..
Suppose the club did NOT charge a membership fee: explain how much money would the family spend on food? How much food would the family buy?
how many hours you spend playing. How much time should you spend studying microeconomics?
In 2008 tolls were raised on Bridge X. Consequently, bridge traffic decreased 40 percent and revenues rose 170 percent. Compute the price elasticity of the demand for access to Bridge X
Elucidate what is the firm's cost function. What are its AC, AVC, and MC functions? Draw the AC, AVC, and MC curves.
Discuss the difference between them and explain the managerial actions that can influence the firm profitability.
Pick any public company and discuss which 2 or 3 macroeconomic indicators which would most profoundly affect that business and why.
Device A costs $100000 initially, whereas devise B costs $140000. Maintenenance will be $4500 for devise A and $2750 for devise B in the first year. These maintenance costs will increase 12% per year.
Compute the new equilibrium wage and the new number of jobs. Will the number of jobs increase or decrease.
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