Variable input in the transportation of crude oil

Assignment Help Microeconomics
Reference no: EM13696658

Which of the following is most likely to be a variable input in the transportation of crude oil?

A. A large crude oil carrier under long-term contract to Exxon

B. a 26 inch diameter pipeline

C. Oil unloading facilities at a refinery

D. An oil drilling platform in the Gulf of Mexico

E. Electricity required to run the pumps used in the pipeline

Reference no: EM13696658

Questions Cloud

Monopolistic market structure : Which of the following conditions would be least likely to lead to a monopolistic market structure?
Consumers choice is further constrained : In addition to preferences, a consumer’s choice is further constrained by
A consumer is in equilibrium when : A consumer is in equilibrium when
Countries that attemps to be completely selfsufficient tend : In general, individuals and countries that attemps to be completely selfsufficient tend to
Variable input in the transportation of crude oil : Which of the following is most likely to be a variable input in the transportation of crude oil?
Investment account beginning next year-initial investment : Bill decides to start a 401(k) investment account beginning next year with an initial investment of $500. His plan is to make annual investments which increase by $100 each year. If bill earns 10% on his investment, his 401(k) account will be worth h..
A new server system for your company will cost : A new server system for your company will cost $25,000. Using the MACRS, the computer system has a useful life of 5 years. The allowable depreciation for the 2nd year is:
Assume that the new import demand curve shifts out : After completing the Uruguay GATT round, S-land decided to conform to WTO. They implemented a tariff-quota. That is, a tariff, t, was defined as the exact difference between the domestic pric, Pd, and the world price, Pw, immediately before implement..
Services of a commercial painter in painting the family home : Which of the following are included in this year’s GDP? Explain your answer in each case. The services of a commercial painter in painting the family home. An auto dealer’s sale of a new car to a non business customer.

Reviews

Write a Review

Microeconomics Questions & Answers

  Household better or worse off with the higher interest rate

w suppose that the interest rate falls to 50%, and the household decides not to borrow or lend at alll. Is the household better off or worse off with the higher interest rate?

  A 10 percent increase in w or 10 percent increase in r

the cost of a person-hour of labour is w and the cost of a machine-hour of capital is r. the firms longrun total cost

  Economics 550 at Strayer University

Propose two (2) applications of the knowledge that you have learned in Economics 550 at Strayer University to your current or a future position.

  The management of a hospital is considering the installation

The management of a hospital is considering the installation of new server

  How similar was the decision-making process to one

identify a time in your life when you had to make a personal or professional decision such as buying a home changing

  The corresponding quantity numbers from the article

Assuming that Amazon's internal figures are correct, compute the arc elasticity of demand for the change in price from $14.99 to $9.99 by using the corresponding quantity numbers from the article.

  Deriving the supply curve

Consider the relationship given by QCars = 100 + 4xPCars - 2xPSteel - 0.2xPWorkers, where QCars is the quantity of cars (in thousands), PCars is the price of cars and PWorkers is the wage earned by autoworkers.

  What will happen to the unemployment rate

As a result of the situation above what will happen to the unemployment rate,Suppose the government increases the minimum wage, substantially increasing firms labor costs.As a result of the situation above what will happen to inflation,As a result of..

  Better measure of the health of the economy

Changes in real GDP serve as a better measure of the health of the economy than GDP because real GDP measures:

  A profit-maximizing firm in perfectly competitive market

a you obtained the following short-run cost information of a firm. when the firm produces 2 units of output its

  Compare and contrast roles of the futures market

Compare and contrast roles of the following participants in futures market

  Price discrimination-economic profits

Many airline routes worldwide are served by only one airline (a monopoly). Within the U.S., these are often from a small or mid-sized city to a major carrier hub and frequently operated by a regional carrier under contract to the larger airline.

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