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Mr. H. Salt purchased an 1 /8 interest in a producing oil well for $45,000. Recoverable oil reserves for the well were estimated at that time at 15,000 barrels, 1 /8 of which represented Mr. Salt's share of the reserves. During the subsequent year, Mr. Salt received $12,000 as his 1 /8 share of the gross income from the sale of 1000 barrels of oil. From this amount, he had to pay $3000 as his share of the expense of producing the oil. Compute Mr. Salt's depletion allowance for the year.
Explain how the indifference curve and budget line apparatus are used to derive a consumer's demand curve.
q1. illustrate which country has the most fundamentally sound monetary policy?q2. insurance agents receive a commission
a. Sketch a budget constraint in the leisure-income diagram consistent with this proposal.
Suppose you bought a house and took out a mortgage for $50,000. The interest rate is 8%, and you must amortize the loan over 10 years with equal end-of-year payments. Create a graph that shows how the payments are divided between interest and princip..
q.assume that his gold-mining industry is competitive.illustrate a long-run equilibrium using diagrams for the gold
Suppose government spending increases. Would the effect on aggregate demand be larger if the Fed took no action in response or if the Fed were committed to maintaining a fixed interest rate? Explain why and give an example
Which of the following is likely to cause an outward shift of a production possibility curve?
Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the ..
In addition, explain why mitigating risk and making better decisions are essential to operational efficiency.
Determine the first cost of a machine that has an EAC of $4100 and annual operating costs of $2012. The machine is expected to last 6 years.
Quasi-fixed costs include
Which of the subsiquent statements is (are) generally true assuming a mound shaped distribution.
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