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The prices of petroleum products in the world market are constantly in the news and associated with them is the falling gasoline prices in the United States. In an essay, discuss the factors that are affecting the market for gasoline. How will the change in each of these factors affect the supply and demand of gasoline in the United States? Ensure your analysis is limited to economics; apply your knowledge of demand, supply and elasticity. Minimum 400 words.
The NCAA prohibits schools that are caught paying athletes from participating in bowl games, and sometimes the punishment is even more severe. Explain why schools don't break away from the NCAA and form a league in which athletes can legitimately ..
describe the principle of utmost good faith. why is this higher standard applied to insurance contracts? what are some
The cost function for gumballs is given by TC = q(2v+w), where q is the output of gumballs (in thousands), v is the hourly rental rate for gumball presses, and w is the hourly wage.
A. How much of the variation in STVC is explained by the explanatory variables? How do you know that?
Rusty Flapps, an airline pilot with Air Canada, suddenly finds himself laid off because of the dramatic decline in the demand for air transportation brought on by the terrorist attacks of 9/11 and the recent economic slowdown.
before 1933 there was no federal deposit insurance. was the liquidity risk faced by banks during those years likely to
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
You need both equations and clearly labeled graphs. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, assume that v=2 and that the inflation rate last period was 2%. Assume the nat..
How do you go about weighing the alternatives? Once you choose a most important use of time, why do you not spend all your time on it? Use the notion of opportunity cost in your answer.
Explain why the Kondratiev cycle may no longer apply to the study of the US economy and its business cycles?
you have been hired to manage a small manufacturing facility which has cost and production data given in the table
JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?
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