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The technical report "Ozone Season Emissions by State" (U.S. Environmental Protection Agency, 2002) gave the following nitrous oxide emissions (in thousands of tons) for the 48 states in the continental U.S. states:
76
22
40
7
30
5
6
136
72
33
0
89
39
92
13
27
1
63
60
16
32
20
2
15
36
19
130
4
85
38
68
151
34
43
Use these data to construct a boxplot that shows outliers. Write a few sentences describing the important characteristics of the boxplot.
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question 1. a. using the data from table calculate the elasticity of demand and elasticity of supply at each price
Show that if oil is produced from two reservoirs, one with high marginal cost and one with low marginal cost, it is not possible for the Hotelling rule to be satisfied for each reservoir simultaneously. Give two reasons that oil might be produced ..
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