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In producing petroleum from oil shale, approximately 1.5 metric tons of shale should be processed to produce one barrel of oil (140 kg). Determine the mass and volume of spent oil shale resulting in the production of one million barrels of oil. Take the density of the loosely dumped spent shale to be 1.2 metric tons per cubic meter. What would be the volume produced in one year for the production rate of one MBD? Assuming that the spent shale is uniformly distributed with a height of 100 m, determine the land area needed to dispose of one year's waste.
In a country with a labor force of 200 people, a different group of 10 people becomes unemployed each month but becomes employed once again a month later. No others outside these groups are unemployed. A. What is the country’s unemployment rate? B. W..
q. consider an economy where consumers utility function is given as uclc-12l2 . where c is consumption and l is labor.
Explain the statement: "Fixed costs exist only in the short run. In the long run there are no fixed costs." Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with different time fram..
The text defines an economic system as, Dynamic efficiency measures, Which of the following legal forms of business organization provides for limited liability? Privatization in transition economies is often justified on the grounds of increasing
The quantity of an input, such as machines or workers, which maximizes profit is the quantity for which
What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequalit..
Find the equilibrium price and quantity. Find the consumer and producer surplus at the equilibrium. Find the socially optimal level of output of paper. How can a corrective tax bring about this equilibrium? How much revenue would the corrective tax r..
Explain how could those same inventory systems quickly transmit large demand shocks directly to sudden, deep recessions.
Suppose that tax and aggregate expenditur income for an economy. Illustrate what is the change in taxes cause by an increase in government spending.
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. If the prices are identical, however, assume all consumers buy ..
The market is in long-run equilibrium. What market structure best describes the pizza market in this town? Explain. What is average variable cost at this output level for each of the four shops? Explain how you derived this result.
questions1. what type of uae companies would like to see higher tariffs and what type would like to seelower or no
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