In 1973 and​ 1974, the Organization of the Petroleum Exporting Countries​ (OPEC) imposed an embargo on shipments of crude oil to the United States. What followed was a drastic reduction in the quantity of gasoline available at local gas pumps. Congress imposed a price ceiling​, or maximum​ price, of​ $0.57 per gallon of leaded regular gasoline. That price ceiling was intended to keep gasoline​ "affordable." ​1.) Using the line drawing​ tool, depict the effect of the crude oil embargo such that the​ free-market price would rise to​ $1.50 per gallon.​ (Draw any shift in a line parallel to the original​ line.) Properly label this line. ​2.) Using the point drawing​ tool, illustrate the quantity supplied at the price ceiling of​ $0.57 per gallon.

Https: //.cthe government of semput (e. g. a fictitious country) plans the goods and services that semput produces, the quantity of goods produced, and the prices at which goods are sold. semput is a economy. market mixed command theocratic pluralm/94215585/international-busi ness-ch-2-flash-cards/

While studying for the engineering economy final exam, you and two friends find yourselves craving a fresh pizza. you can't spare the time to pick up the pizza and must have it delivered. "pick-up-sticks" offers a 1-1/4-inch-thick (including toppings), 20-inch square pizza with your choice of two toppings for $15 plus 5% sales tax and a $1.50 delivery charge (no sales tax on delivery charge). "fred's" offers the round, deep-dish sasquatch, which is 20 inches in diameter. it is 1-3/4 inches thick, includes two toppings, and costs $17.25 plus 5% sales tax and free delivery. 1. what is the problem in this situation? state it in an explicit and precise manner. 2. systematically apply the seven principles of engineering economy (pp. 3-6) to the problem you have defined in part (a). 3. assuming that your common unit of measure is dollars (i. e., cost), what is the better value for getting a pizza based on the criterion of minimizing cost per unit of volume? 4. what other criteria might be used to select which pizza to purchase?

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.