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Discussion
A major topic of discussion today is the price of fuel. Over the past several years the price paid for a gallon of gasoline, diesel fuel, or jet fuel has been fluctuating. Indeed, all products that are derived from crude oil have been affected. In your initial post please discuss the following:
•Why do fuel prices fluctuate?
•There are many products use some derivative of crude oil in their production. Research five of these non-fuel or lubrication products. Do not list fuels or lubricants. List these products and state whether the price of these goods has followed the price per barrel of crude oil. If so, explain how? (Please be sure that you do NOT repeat any products listed by your classmates.)
•Will the United States be able to stop using crude oil?
•Do environmental factors such as drought have an effect upon gasoline prices? If yes, how?
The intent of this week exercise is to familiarize with EXCEL and to gain experience and practice in interpreting the output generated by most statistical packages (EXCEL) when linear regressions are run on a set of data.
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Illustrate what are institutional arrangements. Why are they considered important fundamental determinants of economic growth and development.
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Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
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Can you please give me some ideas about the question above. so that I can write an essay out of these ideas?? I need to turn it in tonight it is so urgent.
Consider a monopolist has a marginal cost such that MC=Q. In that market demand follows the equation Q (of demand)=500-.5P. What is the price the monopoly will charge? How much will the monopoly produce?
Define transfer payments and give an example. Describe why transfer payments are not included in GDP. Determine which components of GDP would be affected through following,
Determine if any change in the equilibrium quantity of Y or other direct effects of the exogenous shock affect the quantity that households desire to consume at any given real interest rate.
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