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The market of natural gas is described by the following supply and demand equations: Qs = 14 + 2 PG + .25 P0 Qd = -5 PG + 3.75 P0 where Qs represent the quantities supplied and demanded of natural gas (in millions of cubic feet), PG represents the price of natural gas (per cubic foot) and P0 represents the price of oil (per barrel).
a) If P0 = 8, find the equilibrium price and quantities of natural gas.
b) Find the new equilibrium price and quantities if P0 doubles (from 8 to 16).
An enterprise risk management framework should include both program risk and institutional risk. Define program risk. Define institutional risk.
Discuss which of the following activities will contribute in the U.S. GDP. Support your responses with appropriate rationale. A grey market includes distribution channels, which are legal but are unofficial,unauthorized, or unintended by the original..
Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000. On efficiency grounds, sho..
Show that a monopolist always advertises too much when measured by the yardstick of the preadvertising tastes. Show that the result also holds when measured by the yardstick of postadvertising tastes.
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
You were told that a certain cash flow sequence started at $3000 in year 1 and increased by $2000 each year. How many years were required for the equivalent amount worth of sequence to be $12000 at an interest rate of 10% per year?
Arian is about to borrow $3,903.71 from his uncle. He has an option to repay the loan at the end of year 6 with 9.73% simple interest per year or with 6.77% interest per year, compounded annually. What is the difference of the total interest paid ove..
How can a domestic producer determine whether or not it has a comparative advantage in the production of a good or service?
A merchandise trade deficit arises when: The balance of payments on financial account: When capital can flow freely among countries: If the dollar appreciates against the euro: Which of the following is true at the equilibrium exchange rate? A floati..
operate his business as long as he rents at least 7 boats per month, operate his business as long as he rents at least 1 boat per month, operate his business as long as he rents all 10 boats each month.
One of the major reasons that foreign expatriates have difficulty doing business in the United States is that they do not understand American slang. For U.S. companies going abored for the first time, which forms of nonverbal communication barrier, w..
Write a 5 page research paper that summarizes the history, a SWOT analysis, and address its future.
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