Variable input in the transportation of crude oil

Assignment Help Microeconomics
Reference no: EM13696658

Which of the following is most likely to be a variable input in the transportation of crude oil?

A. A large crude oil carrier under long-term contract to Exxon

B. a 26 inch diameter pipeline

C. Oil unloading facilities at a refinery

D. An oil drilling platform in the Gulf of Mexico

E. Electricity required to run the pumps used in the pipeline

Reference no: EM13696658

Questions Cloud

Monopolistic market structure : Which of the following conditions would be least likely to lead to a monopolistic market structure?
Consumers choice is further constrained : In addition to preferences, a consumer’s choice is further constrained by
A consumer is in equilibrium when : A consumer is in equilibrium when
Countries that attemps to be completely selfsufficient tend : In general, individuals and countries that attemps to be completely selfsufficient tend to
Variable input in the transportation of crude oil : Which of the following is most likely to be a variable input in the transportation of crude oil?
Investment account beginning next year-initial investment : Bill decides to start a 401(k) investment account beginning next year with an initial investment of $500. His plan is to make annual investments which increase by $100 each year. If bill earns 10% on his investment, his 401(k) account will be worth h..
A new server system for your company will cost : A new server system for your company will cost $25,000. Using the MACRS, the computer system has a useful life of 5 years. The allowable depreciation for the 2nd year is:
Assume that the new import demand curve shifts out : After completing the Uruguay GATT round, S-land decided to conform to WTO. They implemented a tariff-quota. That is, a tariff, t, was defined as the exact difference between the domestic pric, Pd, and the world price, Pw, immediately before implement..
Services of a commercial painter in painting the family home : Which of the following are included in this year’s GDP? Explain your answer in each case. The services of a commercial painter in painting the family home. An auto dealer’s sale of a new car to a non business customer.

Reviews

Write a Review

Microeconomics Questions & Answers

  A steady income to producers and fair return on capital for

the mission statement for the organization of petroleum exporting countries states the mission of the organization of

  Stabilizing financial systems

This briefing is particularly important because of the global financial crisis that began in 2007. The briefing is required to provide more foundation for the finance team because they are not well versed in international aspects of finance.

  What is the elasticity of compensated demand

Py =4 and Uo is the maximal level utility when Px =5, Py =4 and I =100. find the the compensated demand curve (or of Hicks) and draw it on the same graph. for what value of Px the two curves will cut? what is the elasticity of compensated demand w..

  Relate the law of conservation of matter and energy

Relate the law of conservation of matter and energy to the air pollution problem; and

  Suppose that required reserve ratio-level of money supply

Suppose that the required reserve ratio is 0.12 for deposits and d that there are no excess reserves. Suppose also that the total demand for currency is equal to 0.3 times deposits. If the monetary base is $40 billion, what is the level of the money ..

  Write down the two organizational compensation goals

what are the two organizational compensation goals described in this unit? what other goals for compensation can you

  A bank offers a nominal interest rate

A bank offers a nominal interest rate of 1.79% continuously compounded. What is the annual effective interest rate as a percent? Calculate ans to 2 decimal places

  Graph communitys demand curve for cheesecakes assuming that

after her great success making pies with johnny depp in sweeney todd your friend helen b. carter has opened a

  Healthy-unhealthy food affect marginal utility per dollar

Normal 0 false false false EN-US X-NONE X-NONE How does the introduction o..

  Schedule slopes downward

Agree or disagree and describe. The AD schedule slopes downward because real income rises as the price level declines and everybody buys more as the real income rises.

  Policy and principles of microeconomic

Suppose that the economy is already in recession, and both President and Congress have declared to do something to restore the economy.

  Explain decline in the cost of a unit of capital

What will be the scale effect of this change on use of capital and labor and why? How would this be shown on an isoquant diagram? ( a diagram isnt needed here either.)What will be the net or total effect of this decline in the cost of capital on th..

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