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1) Crude Oil Price Fluctuations between 1998-2018
Crude oil is an energy source that is integral to production processes across the economy. However, over the last two decades, crude oil prices have fluctuated quite considerably. Perform an economic analysis of this phenomenon in the market for crude oil. Explain why prices have fluctuated in the last two decades. Include in your answer the welfare implications of these price changes. An introduction should typically outline the phenomenon you have chosen and highlight its significance. You may present some data to illustrate the phenomenon. Good economic analysis entails identifying
(1) the various aspects of the exchange process (the market, the agents involved, the equilibrium outcome)
He received no dividend for the ninth year. At the end of the ninth year he sold his stock for $6000. What rate of return did he receive on his investment?
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The discussion on price ceilings supposed that the medical industry faces increasing marginal costs of production. Suppose a for-profit, monopolistic hospital is experiencing economics of scale ( i. e.., downward-sloping average and marginal cost ..
In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed a receptionist for$40,000, purchased $20,000 worth of workplace insurance, and sold jerseys for a grand total of$280,000 in revenues.
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