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An oil company is considering adding an additional grade of fuel at its service stations. To do this, an additional 400-gallon tank must be buried at each station. Discussions with tank fabricators indicate that the least expensive tank would be cylindrical with minimum surface area. What size tank should be ordered? Note: 7.48 gallon per cubic feet.
Draw a graph showing a supply and demand curve for wine. Indicate clearly the equilibrium price and quantity. Suppose that a lack of rain during the year has caused the grape harvest to be smaller than usual (grapes are an input for making wine). Sho..
Starting with the situation in part d, suppose the government starts taxing the population $30 each year without spending anything.
Which of the following will NOT shift the supply for tea?
"The Coase Theorem" Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?
Caroline has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm’s website in exchange for someone doing their tax returns. Which of the following principles of economic in..
Complete the following table by indicating whether each variable will rise, fall, or remain unchanged (NC) in the long run following an increase in national saving S. You don’t need to draw any graphs or give any explanations, but feel free to use th..
What are the different cost elements involved in implementing a process in an organization?
If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money.
What are some of the characteristics that we can attach to marketing trends in 2016 and beyond? Are we becoming more frugal consumers or less trusting as we define our buying behavior?
"While the imposition by a country’s government of an import tariff on a good clearly injures the country’s domestic consumers of the good, the tariff helps domestic import-competing producers and enhances overall country welfare.
What are the differences among horizontal, vertical, and conglomerate mergers? What does the U.S. government hope to achieve through the use of its antitrust policy
Explain how much tax revenue does this tax create. Illustrate what proportion of the tax is borne by consumers.
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