Business, 24.10.2019 05:00 josephmelichar777
Acountry imposes an import fee on the crude oil it imports. imagine that all the crude oil imports to the country are made by ships owned by its nationals. the association of petroleum shippers argues that the reduction in imports resulting from the import fee will drive down the price of shipping services and thereby inflict a loss on them. the committee for energy independence, which favors the import fee, argues that the reduction in shipping prices will benefit consumers of shipping services. (a) which argument is correct? in preparing an answer, make the following assumptions: the import fee will reduce the quantity of imported crude oil from 3 billion to 2.5 billion barrels per year; the reduction in barrels shipped will drive per-barrel shipping costs down from $4 per barrel to $3 per barrel; and the elasticity of demand in the shipping market at the new equilibrium ($3, 2.5 billion barrels) is 0.3. also assume that the shipping market is undistorted and that the prices of other goods, including shipping services, were held constant in estimating the demand schedule for crude oil.
Answers: 2
Business, 21.06.2019 18:30, jessie8022
Theodore is researching computer programming he thinks that this career has a great employment outlook so he’d like to learn if it’s a career in which he would excel what to skills are important for him to have and becoming a successful computer programmer
Answers: 3
Business, 22.06.2019 23:50, natalie2sheffield
Mauro products distributes a single product, a woven basket whose selling price is $15 and whose variable expense is $12 per unit. the company’s monthly fixed expense is $4,200. required: 1. solve for the company’s break-even point in unit sales using the equation method. 2. solve for the company’s break-even point in dollar sales using the equation method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.) 3. solve for the company’s break-even point in unit sales using the formula method. 4. solve for the company’s break-even point in dollar sales using the formula method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.)
Answers: 2
Acountry imposes an import fee on the crude oil it imports. imagine that all the crude oil imports t...
Mathematics, 09.10.2019 19:00
Mathematics, 09.10.2019 19:00