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Assuming: Price is $80 demand and total supply is 32, OPEC supply is 13 and Non-OPEC supply is 19. Short run world demand Price elasticity is -0.5, long run is -0.30. The short run OPEC price elasticity is .05 and the long run is 0.30. What is the long run demand and the long run non-OPEC supply?
In a classroom or childcare setting, how would you interweave the diversity perspective into the curriculum, environment, and discussions. Identify three resources you might use in your pursuit to create a learning environment that is welcoming to..
What is the probability that more than 3 pizzas are ordered in a single telephonic order?
Explain if promoting growth within certain sectors of the American economy is a good reason for the federal government to engage
Discuss how policy makers can incorporate the Domestic Climate Policy Framework into a widely accepted environmental policy. Provide examples
The proportion of real GDP that must be forgone in order to reduce the inflation rate by one percentage point is called:
Identify at least two techniques you can use to honor and work with diversity in the childcare or academic setting. Describe how you will use each technique in the child-care or classroom setting. Lastly, identify how you feel the technique helps ..
In a two-period consumption model, a rise in the income of the second period would cause consumption in the first period to:
The mean annual income of certified welders is normally distributed with a mean of $50,000 and a population standard deviation of $2,000. The ship building association wishes to find out whether their welders earn more or less than $50,000 annually. ..
Let X~N(2,6) and Y~N(-3,2) and Z~N(0,1). All three random variables are independent of each other. Do the following. a. What is the distribution of W=X+Y+Z? What are E(W) and Var(W)? b. What is the distribution of Q=2Y?
1. An object slides down a frictionless inclined plane tilted at 60 degrees to the horizontal. What is the magnitude of its acceleration? If released from rest, how far will it have travelled in 1.0s?
Give two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
How much control might an organization have over pricing based on a product's elasticity. Discuss which of elasticity rules you used to determine your answer.
q1. i cant seem to figure out how to calculate. if you given the amount of money an individual will earn during their
q.assume which at current factor cost s cloth is produced using 40 hours of labor for each acre of land and food is
You are considering buying a piece of industrial equipment to automate a part of your production process. This automation will save labor costs by as much as $35,000 per year over 10 years. The equipment will cost $200,000. Should you purchase the eq..
The article also notes that, as a consequence of the rent control laws, the price of owner occupied housing has increased greatly. Utilize a supply and demand model to model this phenomenon as well.
Illustrate what will be the short run effect of government imposition of a lump sum tax per firm equal to 170? If this tax remains
q1. the law in ruba says no worker shall be paid less than nine slugs per hour. estimate the quantity of labor supplied
rite a four to five (4-5) page paper in which you: 1.Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.
Delta Dawn’s Bakery is considering purchasing a new van to deliver bread. The van will cost $21,500. Two-thirds ($14,333) of this cost will be borrowed. The loan is to be repaid with four equal annual payments (first payment at t = 1) based on an int..
Describe your educational goals and share personal information as directed by your instructor and to the extent that you are comfortable.
Compute the t-statistics for each variable and explain what is inferences can be drawn from them.
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