What is the effect of an increase in coal prices in market

Assignment Help Business Economics
Reference no: EM13798704

Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Portland cement is produced in large coal-fired kilns, so Portland cement producers use a large amount of coal. What is the effect of an increase in coal prices in the market for Portland cement?

Consider a supply and demand model of the wholesale gasoline market. If a tropical storm forces some refineries to temporarily withdraw from the market, what curve shifts and in which direction?

Beef has a positive income elasticity in Chad. What would happen in the Chadian beef market if incomes grew during an economic recovery?

Reference no: EM13798704

Questions Cloud

What was unemployment rate-labor force participation rate : (All numbers in the thousands) In May 2015, the civilian non-institutional population was 250,455. The number of employed workers was 148,795. The number of unemployed workers was 8,674. The number not in the labor force is 92,986. What was the unemp..
A portfolio has an expected annual return : A portfolio has an expected annual return of 15.7 percent and a standard deviation of 19.6 percent. What is the smallest expected loss over the next calendar quarter given a probability of 1 percent?
Model of supply and demand not predict : If as price decreases by 10 percent, total revenue increases by 5 percent, what is true about demand? In 2014, India substantially increased its import tariff on sugarcane. Which of the following would the model of supply and demand not predict?
What is the effect of an increase in coal prices in market : Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Portland cement is produced in large coal-fired kilns, so Portland cement producers use a la..
Calculate profit at profit-maximizing price and quantity : A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
Dollar is trading on the foreign exchange market : One U.S. dollar is trading on the foreign exchange market for about 1.47 Chesterfield ales (the Chesterfield currency). Therefore, one Chesterfield ale would have purchased how many U.S. dollars?
High transportation cost-dollars-yuan exchange rate is fixed : Suppose that the U.S. dollars-Chinese yuan exchange rate is fixed by the U.S. and Chinese governments. Assume also that labor is immobile between the United States and China due to high transportation costs. Which of the following situations is likel..
Example testing rationality of assessments of housing price : Wooldridge Problem 4.6 In section 4.5, we used as an example testing the rationality of assessments of housing prices. There, we used a log-log model in price and assess [see equation (4.47)]. Here, we use a level-level formulation. i. In the simple ..

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what role did the policies of various governments

Illustrate what role did the policies of various governments play in the influencing the international expansion strategies of both McDonald's and Wal-Mart.

  Demand and supply in a perfectly competitive industry

A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results.

  Explain was demand for its hamburgers elastic or inelastic

Explain was the demand for its hamburgers elastic or inelastic. Evaluate the accuracy statement.

  How will this involvement affect economic efficiency

When government becomes heavily involved in tax-transfer activities, how will this involvement affect economic efficiency.

  Draw the hick''s income and substitution effects

Draw the Hick's income and substitution effects for c1,c2 in c1,c2 space if the interest rate decreases to .05.

  Practice costs american jobs in the long run

Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.

  Illustrate do you agree with this regulatory activity

Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.

  Q1 if american cheese also cheddar cheese are substitute

q1. if american cheese also cheddar cheese are substitute afterward which of the following would increase the demand

  Explain the differences and give an example

Discuss the two types of inflation. Explain the differences and give an example. Explain what, if anything can be done to avoid either type?

  Consider if the government instituted a 10 percent income

Consider if the government instituted a 10 percent income tax surcharge. In terms of the AS/AD model, this change should have

  What he needs to do to make more profit

a) What these numbers mean and how can they assist his business? What he needs to do to "make more profit"?

  Determine the volume of production

what are factors that determine the volume of production

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