How would changes in price impact of 3 different kinds

Assignment Help Business Economics
Reference no: EM13244078

In 2008, the price of crude oil (per barrel) set an all-time record of approximately $147 and then sank to near $40 by the end of the year. Since crude oil is a resource that is used in many industries, how would these changes in price impact of 3 different kinds of industries?

Reference no: EM13244078

Questions Cloud

Explain the distal nitrogen of benzenediazonium : Explain why the major product that results from the synthesis of an azo dye corresponds to addition of the arene to the distal nitrogen of benzenediazonium.
What is the outcom if they meet at jess home : Jess and Larry are working on a project that requires them to spenda day together. Jess likes to smoke, and his marginal benefit fromone cigar a day is $20. The price of a cigar is $2. Larry dislikescigar smoke, and his marginal benefit from a smo..
Explain system and show how the ph will change upon : system and show how the pH will change upon addition of 10.0 mL each of ) 0.10 M of HCl or NaOH. Use any combination of weak acid and its salt OR weak base or its salt.
How much force is needed to begin moving the book : A 1.83 kg book is placed on a flat desk. Suppose the coefficient of static friction between the book and the desk is 0.542, How much force is needed to keep the book moving at constant speed once it begins moving
How would changes in price impact of 3 different kinds : In 2008, the price of crude oil (per barrel) set an all-time record of approximately $147 and then sank to near $40 by the end of the year. Since crude oil is a resource that is used in many industries, how would these changes in price impact of 3..
Compute the binding energy : Iodine-131 is one of the most important isotopes used in the diagnosis of thyroid cancer. One atom has a mass of 130.906114 amu. Calculate the binding energy
What is the kinetic energy of this orbital electron : Some of the earliest atomic models held that the orbital velocity of an electron in an atom could be correlated with the radius of the atom, what is the kinetic energy of this orbital electron
Did the government enact a priceceiling or a price floor : Consider Good E, which, when sold in a particular country, has anequilibrium price = $10.00. The government of that country decidedthat it doesn't like that equilibrium price, and so passes alaw which prevents the product from selling for $10.00.
Explain a solution is made with di water : A solution is made with 100mL of DI water and 8mL of .10 HCL (hydrochloric acid). then 2.50mL of NaOH is added. What is the new pH?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd