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The prices of petroleum products in the world market are constantly in the news and associated with them is the falling gasoline prices in the United States. In an essay, discuss the factors that are affecting the market for gasoline. How will the change in each of these factors affect the supply and demand of gasoline in the United States? Ensure your analysis is limited to economics; apply your knowledge of demand, supply and elasticity. Minimum 400 words.
ome workers in the economy are paid a flat salary and some are paid by commission. Which of compensation scheme would require more monitoring by supervisors In which case do firms have an incentive to pay more than the equilibrium level
Compute the derivative of f(x) = 25x^0.8. Use the derivative to estimate how much the function will increase if x rises from 11 to 12. Just kind in your final answers and round the final value to the nearest two decimal places.
Over the business cycle, real GDP tends to increase during the expansion and decrease during the contraction. Can you name some other macro variables that fluctuate over the business cycle like GDP does?
Calculate the price that the Plaza Movie House will charge for admission to movies in the long run and what will be the number of patrons per day at that price?
many americans feel that their jobs at home should be protected and that free trade should be limited. however global
What is the profit maximization output for this monopolist? How much total revenue does it earn at this profit maximization level of the output? Suppose that the marginal cost increases to $20. How does total revenue change?
Why would the government impose a price floor to subsidize a farmer? How is a shift in the demand curve dissimilar than a movement along the demand curve? Name the kind of legislation that is used to prevent too much market power (used to break up mo..
Marginal Cost = dC/dy = dCv(y)/dy. That is the marginal cost = change in total cost due to the change in output = change in variable cost due to the change in output. Mathematically show the proof.
Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000.
Focus on organizational change management
What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100% and the federal budget was balances?
the us navy is building an aircraft carrier. price 12 billion. there are about 300 million people in the us. suppose
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