How much is imported in barrels of oil

Assignment Help Management Theories
Reference no: EM13684274

US imports oil at the world price, $55 per barrel. The domestic supply curve in barrels per day is S = 2500000 + 250000P with P in dollars. Domestic demand curve is D = 70,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate how much is imported in barrels of oil and its value per year.

Reference no: EM13684274

Questions Cloud

What is your new estimate of engineering costs : What is the Total Price? This is what you would charge the customer so that you can have your profit markup of 20% over all of your costs.
Low interest-rate target in the face of a rightward shift : The Fed’s decided to maintain its low interest-rate target in the face of a rightward shift of the AD curve in the late 1960s which led to an inflationary equilibrium. Discuss the long-run and short-run costs and benefits of the Fed are other two opt..
What is the dissimilarity in equivalent uniform annual cost : Machine A was purchased three years ago for $10,000 and had an estimated market value of $1,400 at the end of its ten-year life. Annual operating costs are $1,200. The machine will perform satisfactorily for the next seven years. A salesman for anoth..
What is the advertising industrys stance on the question : What is the advertising industry's stance on the question and how do other coutries handle the capitalization of marketing costs?
How much is imported in barrels of oil : How much is imported in barrels of oil and its value per year.
The rights to manufacture a new product : Company has purchased the rights to manufacture a new product called Gizmos for sales into your local market. Since you don't know anything about Gizmos
Describe the four steps in the control process : Describe the four steps in the control process. Which step is the most important and why do you take that position? Where have you seen this step used improperly, or where could this step, if mishandled, be disastrous. What industry or field? E..
Larger-than-life founders or ceos : Some companies are associated with larger-than-life founders or CEOs
Employees using computers in workplace : What motivational factors can you illustrate from employees using computers in workplace?

Reviews

Write a Review

 

Management Theories Questions & Answers

  What are some potential roadblocks in promoting

What are some potential roadblocks in promoting a diverse workplace? Explain your answer.

  Facilities by adding one additional process line

Sara James Bakery, described in Examples SI and S2, has decided to increase its facilities by adding one additional process line. The firm will have two process lines, each working 7-days a week, 3 shifts per day, 8 hours per shift, with effective ca..

  Itacquisition field have experience in preparing traditional

Most professionals in the IT acquisition field have experience in preparing the traditional SOW

  Develop a logic diagram

Develop a logic diagram that shows the common and unique outcomes that employee satisfaction, commitment, and engagement might be related to.

  The differences between a juvenile court and an adult

write a 1250- to 1500-word paper in which you address juvenile crime issues in the criminal justice system. include the

  Personal protective equipment

Complete the activity on page 250 and determine the proper response to the needs for personal protective equipment and how to protect workers in confined spaces.

  What safeguards may a bank establish to protect

What safeguards may a bank establish to protect itself when it lends on the basis of a customer"s receivables pledged as collateral for a loan?

  The u.s. congressional subcommittee on health

On April 9, 2003 the U.S. congressional Subcommittee on Health (part of the House Committee on Energy and Commerce) heard testimony from various witnesses on the topic "Strengthening and Improving Medicare.

  A list of potential data collection tools and techniques

A list of potential data collection tools and techniques.

  Many opportunities to participate

Identify a team in which you have had many opportunities to participate

  How does lead time impact on the major objectives of

how does lead time impact on the major objectives of logistics management in your company or another you are familiar

  Organizational behavior

Business Department , Organizational Behavior (course 520 ), Personality, Attitudes

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