Analyze the consequences of such a bill

Assignment Help Business Economics
Reference no: EM13149659

Suppose it is 2014 and gasoline prices have risen to eight dollars a gallon. Congress is proposing a bill that will roll back gasoline prices to four dollars a gallon. Analyze the consequences of such a bill and whether or not you would personally favor it. Consider all the costs involved in your analysis.

Reference no: EM13149659

Questions Cloud

Explain the activation energy of a certain reaction : The activation energy of a certain reaction is 45.3kJ/mol . At 24{~}^{\circ}\rm C , the rate constant is 0.0160s^{-1} . At what temperature in degrees Celsius would this reaction go twice as fast?
Affect the value of the government expenditures multiplier : The MPI is defined as increase, decrease or not affect the value of the government expenditures multiplier? Explain!
Cost estimation equation according to report : a. What is the cost estimation equation according to the report? b. What is the goodness of fit? What does it tell about the estimating equation?
Determine total current assets : The following accounts were included on Megan's Style Consultants adjusted trial balance at December 31, 2010: What are total current assets?
Analyze the consequences of such a bill : Analyze the consequences of such a bill and whether or not you would personally favor it. Consider all the costs involved in your analysis.
What would you learn about an economy : What would you learn about an economy if you determined that its GNP was growing more quickly than its GDP?
Classifications in comprehensive income : What are three classifications within comprehensive income according to the FASB codification? Thanks and I will be sure to leave positive feedback.
Problem facing universal industries : How can process costing assist in addressing the problem facing Universal Industries?
Explain rate constant for the reaction is tabulated : Calculate Ea. Express your answer using two significant figures Ea= kJ/mol Calculate A. Express your answer using one significant figure. A = M-1s-1

Reviews

Write a Review

Business Economics Questions & Answers

  How many units of part are held on average as pipeline

Raw materials cost for part is $150, and value added in manufacturing 1 unit from its components is $300, for a total cost per completed unit of $450. How many units of part are held, on average as pipeline inventory.

  Illustrate what pattern do you see

Now fill in the column for Marginal Cost. Illustrate what pattern do you see

  How can you reconcile the president statement with economic

Based on your answers in a also b, how can you reconcile the president's statement with economics. Can you suggest how his statement could be modified to be consistent with the IS-LM model.

  Find out sally optimal consumption of diet coke

Suppose the price of a can of Diet Pepsi is $1. Find out Sally's optimal consumption of Diet Coke as a function of the unit price of Diet Coke (PC).

  Survey of households in a small town

What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.

  Economys capacity to produce

According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.

  Determine how plastec compares with other area employers

Elucidate what should Paul, the Director of Human Resources, do to determine how Plastec (a company that manufactures plastic) compares with other area employers in terms of wages and benefits.

  What fraction of the total variation in trades

Illustrate what fraction of the total variation in trades of Bright Side remains unexplained.

  Major rating agencies

Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.

  Stereo systems cer bought from stereo manufacturer

CER defaults on its loan payments to Bank One. Can Bank One attach the 100 stereo systems CER bought from Stereo Manufacturer.

  Illustrate what makes measuring economies of localization

Illustrate what makes measuring economies of localization or economies of urbanization difficult.

  Describe advantages or disadvantages of buying imports

The purpose of this assignment is to become familiar with the terms import and export, and then describe  advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.

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