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An oil well is expected to produce 100,000 barrels of oil during its first year an is expected to decrease by 10% a year. The price of oil is expected to be $60/barrel. What would be the present equivalent of the anticipated revenue stream at an interest rate of 12% for 7 years.
Select a product that seems to typify the traditional marketing concept, describe why you selected it, and explain how its marketing could be adjusted to be more value and retention focused. Include appropriate citations (research/references) with yo..
Which of the following is a function of the Federal Reserve System Board of Governors? Holds stock in the Federal Reserve Bank Communicates with government leaders Supervises regional bank operations Provides service to banks and the U.S. Treasury
Calculate and compare the profit under each flight. Should the airline replace its night flight from Los Angeles with a morning flight?
Derived demand is directly determined by the profitability of using inputs to produce output. The demand for inputs is derived from the market demand function. With inelastic demand, aprice increase produces lower marginal and total revenue. Two prod..
Which of the following equals the market value of all final goods and services produced in an economy, stated in the prices of a specific base year
Tina is very particular about her purchases: She only buys hot dogs and soda, and every time she makes purchases she buys exactly three hot dogs and soda. She would never buy three hot dogs without a soda, and would never buy a soda without three hot..
What could the federal reserve system Fed do in 2000 in order to bring the economy back to full employment ? What did the Fed actually do? explain
Demand for a softback managerial economics text is given by Q=20,000-300P. The book is initially priced at $30. Compute the point price elasticity of demand at P= $30. If the objective is to increase total revenue, should the price be increased or de..
Imagine a firm in monopolistic competition. A firm in monopolistic competition produces a product that you are familiar with, such as clothing and food. each firm produces a product that is slightly different from products of other competing firms. e..
Jonathan wanted to make a quarterly deposit so that at the end of 10 years he will have $10,000 for a new BMW 1600 cc bike. If the account earns 6% annual interests, compounded quarterly, how much should Jonathan deposit each quarter?
What is the Natural Rate hypothesis? How does it prove the vertical shape of the Phillips curve? Explain the view of monetarists on policy making with the help of Phillips curve in 1960s and 1970s. Be thorough.
Why do economists use economic models when making predictions or assumptions about the economy? Which economic model do you believe is the most beneficial to YOU at the present time? Why? *Economic Models: circular flow diagram, production possibilit..
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