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a) Graphically, show the time path of prices, MC, and resource consumption for oil depletion assuming a renewable substitute exists and MEC increases as extraction increases. How has the advent of fracking changed this model, if at all? Explain.
b) Germanium, used extensively in fiber optics, infrared optics, electronics, and solar power applications, is regarded by many observers to be a strategic critical mineral. Explain why or why not it makes sense for the U.S. to be self-sufficient when it comes to Germanium.
c) Why is the price OPEC charges less than if OPEC was a “true monopoly?”
The assignment is to create your own firm, explain, chart and graph all of the necessary information in the production function. This can be anything that you like. What is the name of the firm? What do you produce? Where is your market? You must..
Which of the following would NOT produce an outward shift of the production possibilities curve?
In anticipation of a major hurricane hitting the Gulf Coast, the quantity gasoline of sales rise from 360 million gallons to 375 million gallons. Based on this information, what is the percent change in gasoline sales?
Explain how many cars does the United States export. Suppose a car costs $10,000 on the world market. How much, then, does a barrel of oil cost on the world market.
The average adult produces $75,000 of output per year, Explain how much output is lost as a result of deaths from secondhand smoke, according to the News given below.
Determine optimal number of plants that firm should have to take full advantage of market demand. Compare firm's profit with multiple plants with its profit with a single plant.
A group of private investors purchased a condominium complex for $5 million. They made an initial down payment of 12% and obtained financing for the balance. If the loan is to be amortized over 11 years at an interest rate of 6.6%/year compounded qua..
When we discussed the stagflation of the 1970s. We argued that policy makers should have acted more aggressively with expansionary policies the fight thr recessions that occurred during that time.
Explain the key features of each of the the three generations of currency crisis models. Which of the three models best describes each of the financial crises discussed in this chapter? (Book-international finance and open-economy Macro economics by ..
What are the effects of taxes on price level? Why? In your opinion, do taxes lead to efficiency or inefficiency? How does a free market eliminate a surplus?
This question may require some research. The US-Mexico Bracero Program was eventually opposed by:
The sales director for an industrial supplies firm has collected information describing the performance also personal characteristics of 80 members of her sales force.
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