Business, 01.07.2019 16:10 gyexisromero10
Initially, the price of natural gas is $10 per 1,000 cubic feet, the price of an oil furnace is $2,000, the average annual household income is $40,000, the cost of crude oil is $25 per barrel of heating oil, and the cost of refining oil is $15 per barrel of heating oil. the equilibrium quantity in this market is thousand barrels of heating oil per day, and the equilibrium price is $ per barrel. suppose that the cost of refining oil increases from $15 to $25 for each barrel of heating oil produced. assuming that the rest of the determinants of supply and demand for heating oil remain equal to their initial values, the market will eventually reach a new equilibrium price of $ per barrel. reset the calculator to its initial values. (hint: when you click in the box of any changed values, you will see a circular arrow to the left of the box that enables you to reset numbers to their initial values.) suppose that instead of a change in the cost of producing heating oil, there was a decrease in the price of natural gas from $10 to $5 per 1,000 cubic feet. if the price of heating oil were to remain at the initial equilibrium price you found in the first question, there would be of heating oil, which would exert pressure on prices.
Answers: 2
Business, 21.06.2019 20:30, aylineorozco836
Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:
Answers: 3
Business, 22.06.2019 07:30, SophomoreSareke
Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.
Answers: 3
Business, 22.06.2019 20:00, dlatricewilcoxp0tsdw
Which of the following statements is true of the balanced-scorecard? a. it is a more or less a one-dimensional metric of measuring competitive advantages of a firm. b. it is one of the traditional approaches of measuring firm performance. c. its primary focus is to base a firm's strategic goals entirely on external performance dimensions. d. it attempts to provide a holistic perspective on firm performance.
Answers: 1
Initially, the price of natural gas is $10 per 1,000 cubic feet, the price of an oil furnace is $2,0...
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