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Calculate the Economic Life in STB/month for an oil lease with WI = 100%, NRI = 87.5%, lease operating expense = $5,000 per month, price of oil = $15/STB, price of associated gas = $2.25/Mscf, GOR = 500 scf/STB, oil and gas severance taxes = 7.085%. Assuming that ad valorem tax is negligible. Please show work.
1. the following table shows the number of calculators that can be assembled per week by various numbers of
production in the long-runsuppose the production function of a typical producer is given as where l is labor and k is
Explain what happens to price and quantity of milk when the following events take place: For each and every event, specify how it effects either demand, quantity demanded, supply, or quantity demanded. It is also important to demonstrate how the ch..
in the following one-shot game if you advertise and your rival does not you will make 20 million in profits and your
Recently, there has been a lot of press about high lead content in toys made in China. This negative press can affect the foreign exchange rate in the United States dollar and Chinese yuan.
the irony is that those who are aware of the pareto principle do not use it as often as they should in making
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP).
Decide the present worth of 5 equal annual deposits of $1,600 at the end of years 1 through 5, followed by 4 equal annual withdrawals of $800 at the end of years 4 through 7. Note that both years 4 and 5 will have a deposit and a withdrawal. Interest..
The Johnson Robot Company's marketing officials report to the company's CEO that the demand curve for the company's robots in 2001 is P = 3,000- 40Q What is the marginal revenue equation for the firm?
A consumer has a utility function of U(x,y)=xy+6x+6y. The price of good X is Px, customer income is I, hence constraint is x(Px)+y(Py)=I
The government must hold a referendum before any public good is produced. B) The government has to facilitate the collective decision making in the production of public goods. C) The government must force the firms to produce all the public goods...
Provide some example of a goods that you purchase or market at your workplace to demonstrate why demand curve slopes downwards and why supply curve slopes upwards?
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