Petroleum production as their primary economic activity

Assignment Help Business Economics
Reference no: EM13860686

Describe at least TWO of the positives and TWO of the negatives associated with drilling in North Africa and Southwest Asia. They are relying on petroleum production as their primary economic activity. Answer the questions by submitting a 1-2 page report (300-500 words), and include supporting material

Reference no: EM13860686

Questions Cloud

Amount of labour and capital used in each industry : Suppose that computers use two units of capital for each worker, so that KC = 2LC, while shoes use 0.5 units of capital for each worker, so that KS = 0.5LS. There are 100 workers and 100 units of capital in the economy. Solve for the amount of labour..
The maricopa environmental service department estimates : Three years ago Maricopa County implemented a policy to tackle the problem of particulate matter in the air. The project/policy consisted in paving and compacting some of the roads the dairy industry uses for feeding the cattle and transporting the m..
Calculate expected revenue-expected costs from overbooking : Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Amounts of labor and capital should the firm : A firm has a production function represented by: q=L^(.75)K^(.25) Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r. Suppose w=15 and r..
Petroleum production as their primary economic activity : Describe at least TWO of the positives and TWO of the negatives associated with drilling in North Africa and Southwest Asia. They are relying on petroleum production as their primary economic activity.
What is the internal rate of return on your invesment : Suppose you purchase a 30-year, zero-coupon bond with a yeild to maturity of 6%. You hold the bond for five years before selling it. If the bond's yield to maturity is 6% when you sell it, what is the internal rate of return on your invesment? If the..
Increase in the money-well-constructed and persuasive manner : Your book describes the increase in the money supply as being analogous to giving people more money. If the output of goods and services is not growing at a similar rate, inflation will eventually occur. According to PPP Theory, what will happen to t..
Analyze how we satisfy customers using data : In a 1-2 page paper, analyze how we satisfy customers using data and how do measures help the organizational process
Mutual stock fund has grown at rate : A mutual stock fund has grown at a rate of 16% compounded annually since its beginning. If it is anticipated that it will continue to grow at this rate, how much must be invested every year so that $60,000 will be accumulated at the end of 12 year?

Reviews

Write a Review

 

Business Economics Questions & Answers

  Basic principles of organization

learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself

  What would the costs of each action be

Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities.

  There are 100 producers of toasters half of the producers

there are 100 producers of toasters. half of the producers are low quality i.e. their products will break with

  The fed reduce the discount rate by eleven times

In 2010, The Fed reduce the Discount rate by eleven times, to 1.50%, the reason for this action was to:

  What is the equation for E-Mobiles Marginal Revenue curve

Suppose E-Mobile purchases every gas company in the world and set their prices. Then it would have a control of the gas market with no other competition. Thus E-Mobile becomes a monopolist in providing gas. The market demand curve faced by E-Mobile i..

  Is the demand for iphones price inelastic or elastic

What would happen to unit sales and total revenue for this textbook if the bookstore reduced it's price? Is the demand for iPhones price inelastic or elastic? Why? Is income elasticity high or low?

  Explain how externalities-public goods-asymmetric

Explain how externalities, public goods, and asymmetric information are all problems with private property rights.

  Average variable costs are constant at all output levels

UPS offers overnight package deliver to canadian business customers .UPS has recently decided to expand its facilities to better satisfy current and projected demand. current volume total 2 million packages per week at price of $ 12 each ,and average..

  Find the reliability of this chip

Time to failure distribution of a computer memory chip follows Normal Distribution with mean 9000 hours and standard deviation 2000 hours. Find the reliability of this chip for a mission of 8000 hours?

  Draw the ten shrimp ball isoquant curve

Consider a shrimp restaurant at Fisherman’s Wharf in San Fransisco. The chef at the restaurant chooses whether to use farm-raised or wild-caught shrimp to produce the main dish – shrimp balls.  Draw the ten shrimp ball isoquant curve. Add to this gr..

  The price of oranges has risen dramatically

The price of oranges has risen dramatically. Which of the following is likely to happen?

  Firms in an initially competitive market

Illustrate output quota q1 would the typical firm have to be limited. Explain how much would it like to produce.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd