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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
Two variable inputs, labor (L) and materials (M), are utilized to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is t..
An investment opportunity will pay $10 with a 20% probability, $20 with a 40% probability, $30 with a 30% probability, and $40 with a 10% probability. what is the standard deviation of the investment?
If the sellers are restricted to announcing a single price per unit for their goods, is pricing at cost (i.e. 0) for both firms an equilibrium? Explain.
your neighbor cindy wants to start a contracting business for installing solar panels. she has heard of the cost
One of two mutually exclusive alternatives must be selected. Alternative A cost $30,000 now for an annual benefit of $8450. Alternative B costs $ 50,000 now for an annual befneit of ?14,000 using a 15% nominal interest rate compounded continuously wh..
Recession unemployment typically increases
is there a conflict in an environmentally conscious manufacturing environment? if there is is it healthy and desirable?
The MC of a firm under perfect competition
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
Suppose a country switches from a flexible to a fixed exchange rate. Which of the following will occur as a result of this change?
Consider an economy that abides by the classical mode. The production function is unspecified, but we know that the Theory of Distribution (ToD)[W/P=MPN] holds. Suppose there is adrop in the level of capital.
Classical macroeconomists believed that a market-based economy has ________ self-correcting forces and thus ________ business cycles. The first two years of the Great Depression were dominated by
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