Homework Answers
Since marginal cost is zero, Firms tend to maximize revenue.
We can see that total revenue is maximized at output level of 80 with price being $80 per barrel.
Output is 80, So, each firm will produce half of it i.e. 40 barrel.
Revenue of each firm =6400/2=$3200
So correct option is
$80; 40, 40, $3200
Add Answer to:
87. (Table: Demand for Crude Oil) Use Table: Demand for Crude Oil. Assume that the crude oil indu...
Table: The Production Possibilities for Tractors and Crude Oil Crude oil (thousands of barrels) Country Tractors...
Table: The Production Possibilities for Tractors and Crude Oil Crude oil (thousands of barrels) Country Tractors United States 80 40 Mexico Reference: Ref 5-5 60 180 (Table: The Production Possibilities for Tractors and Crude Ol Look at the table The Production Possibilities for Tractors and Crude Oil. The opportunity cost in the United States of producing 40 tractors is (thousand) barrels of crude oil. a) 80 b) 40 Oc) 20 d) 60
not sure from my answers ^^ Q18 (1 point). The table below shows the demand and...
not sure from my answers ^^
Q18 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the new equilibrium quantity sold? 40 60 оооо 80 100 P Demanded Q Supplied 20 4.00 140 4.10 130 40 4.20 120 60 110 80 4.30 4.40 100 100 90 120 4.50 4.60 80 140 70 4.70 4.80 160 180 60...
Use the following to answer questions 40-42: Table: The Production Possibilities for Tractors and Crude Oil...
Use the following to answer questions 40-42: Table: The Production Possibilities for Tractors and Crude Oil Crude oil Country Tractors (thousands of barrels) United States 80 40 Mexico 60 180 40. Look at the table The Production Possibilities for Tractors and Crude Oil. In Mexico the opportunity cost of producing one tractor is thousand barrels of crude oil. A) 3 B) 1/2 C) 2 D) 3/4 E) 1/3 41. Look at the table The Production Possibilities for Tractors and Crude...
Q19 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the...
Q19 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. How much tax revenue, in dollars, is collected by the government from the tax? Numerical answer Q Supplied Q Demanded 140 4.00 20 4.10 130 40 4.20 120 60 4.30 110 80 4.40 100 100 4.50 90 120 4.60 80 140 4.70 70 160 4.80 60 180 4.90 50...
EQUILIBRIUM CALCULATOR: MARKET FOR HEATING OIL PRICE (Dollars per barrel] 80 Price of Heating Oil 30...
EQUILIBRIUM CALCULATOR: MARKET FOR HEATING OIL PRICE (Dollars per barrel] 80 Price of Heating Oil 30 Dollars per barrel) Quantity Demanded Thousands of barrels/day] Shortage 70 100 Quantity Supplied 60 60 Thousands of barrels/day) 50 40 Surplus Thousands of barrels/day) Thousands of barrels/day) 40 DEMAND SHIFTERS SUPPLY SHIFTERS 30 Price of Natural Gas [Dollars per 1,000 cubic ft.] Cost of Crude Oil Per barrel of heating oil] 10 25 20 Price of an Oil Furnace [Dollars per furnace] Cost of...
Identify which of these four mass spectra indicate the presence of sulfur, chlorine, bromine, iodine, or...
Identify which of these four mass spectra indicate the presence of sulfur, chlorine, bromine, iodine, or nitrogen. Suggest a molecular formula for each. 100 abundance 8 $ 38 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 mily abundance 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 z 8 8 8 abundance $ 8 LL 10 20 30 40 50 60 70 80 90 100 110...
7 Change in Demand Exercise 1 The table below describes the demand for bathing suits on...
7 Change in Demand Exercise 1 The table below describes the demand for bathing suits on a warm, summer day in the resort town of Wisconsin Dells 5 points Demand for Bathing Suits Quantity of Price Bathing Suits (dollars) Demanded eBook $45 40 35 30 25 20 60 70 80 90 100 110 120 References a. Graph the demand curve for bathing suits Instructions: Use the tool provided 'Demand' to plot the line point by point (7 points total) on...
8. (10 points) The following spectra correspond to compounds AE listed below con pound to its...
8. (10 points) The following spectra correspond to compounds AE listed below con pound to its corresponding spestre Label very simal on the spectrum (as Co . ctc.). Spectrum CDCI, 190 160 170 160 150 140 130 120 110 100 80 80 Spectrum 2 70 80 50 40 30 20 10 O le CDCI, 190 180 170 180 150 140 130 120 110 100 90 80 70 60 50 40 30 20 10 O de CDCI, 190 180 170 180...
the above question must be solved using the supplied viscosity table. but I keep getting weird values. can I ple...
the above question must be solved using the supplied
viscosity table. but I keep getting weird values.
can I please have workings and explanation as how to use this table
please.
thank you
Question 3 (3 Marks) Consider a journal bearing with the following characteristics: . Radius of 0.02m A clearance of 0.1mm . .A length of 0.02m Running under the following conditions: .Using SAE40 oil for lubrication . Running at 50 rps . Subject to a load of 100N...
Identify which of these four mass spectra indicate the presence of sulfur, chlorine, bromine, iondine, nitrogen....
Identify which of these four mass spectra indicate the
presence of sulfur, chlorine, bromine, iondine, nitrogen. suggest a
molecular formula for each.
2otten breaks sh ass spec er be mass PROBLEM 12-7 Identify which of these four mass spectra indicate the presence of sulfur, chlorine bromine, iodine, or nitrogen. Suggest a molecular formula for each. AA gIve the lonica 100 77 80 156 158 (a) 60 40 20 Fragn 10 20 30 40 50 60 70 80 100 110 120...
Table: The Production Possibilities for Tractors and Crude Oil Crude oil (thousands of barrels) Country Tractors United States 80 40 Mexico Reference: Ref 5-5 60 180 (Table: The Production Possibilities for Tractors and Crude Ol Look at the table The Production Possibilities for Tractors and Crude Oil. The opportunity cost in the United States of producing 40 tractors is (thousand) barrels of crude oil. a) 80 b) 40 Oc) 20 d) 60
not sure from my answers ^^
Q18 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the new equilibrium quantity sold? 40 60 оооо 80 100 P Demanded Q Supplied 20 4.00 140 4.10 130 40 4.20 120 60 110 80 4.30 4.40 100 100 90 120 4.50 4.60 80 140 70 4.70 4.80 160 180 60...
Use the following to answer questions 40-42: Table: The Production Possibilities for Tractors and Crude Oil Crude oil Country Tractors (thousands of barrels) United States 80 40 Mexico 60 180 40. Look at the table The Production Possibilities for Tractors and Crude Oil. In Mexico the opportunity cost of producing one tractor is thousand barrels of crude oil. A) 3 B) 1/2 C) 2 D) 3/4 E) 1/3 41. Look at the table The Production Possibilities for Tractors and Crude...
Q19 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. How much tax revenue, in dollars, is collected by the government from the tax? Numerical answer Q Supplied Q Demanded 140 4.00 20 4.10 130 40 4.20 120 60 4.30 110 80 4.40 100 100 4.50 90 120 4.60 80 140 4.70 70 160 4.80 60 180 4.90 50...
EQUILIBRIUM CALCULATOR: MARKET FOR HEATING OIL PRICE (Dollars per barrel] 80 Price of Heating Oil 30 Dollars per barrel) Quantity Demanded Thousands of barrels/day] Shortage 70 100 Quantity Supplied 60 60 Thousands of barrels/day) 50 40 Surplus Thousands of barrels/day) Thousands of barrels/day) 40 DEMAND SHIFTERS SUPPLY SHIFTERS 30 Price of Natural Gas [Dollars per 1,000 cubic ft.] Cost of Crude Oil Per barrel of heating oil] 10 25 20 Price of an Oil Furnace [Dollars per furnace] Cost of...
Identify which of these four mass spectra indicate the presence of sulfur, chlorine, bromine, iodine, or nitrogen. Suggest a molecular formula for each. 100 abundance 8 $ 38 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 mily abundance 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 z 8 8 8 abundance $ 8 LL 10 20 30 40 50 60 70 80 90 100 110...
7 Change in Demand Exercise 1 The table below describes the demand for bathing suits on a warm, summer day in the resort town of Wisconsin Dells 5 points Demand for Bathing Suits Quantity of Price Bathing Suits (dollars) Demanded eBook $45 40 35 30 25 20 60 70 80 90 100 110 120 References a. Graph the demand curve for bathing suits Instructions: Use the tool provided 'Demand' to plot the line point by point (7 points total) on...
8. (10 points) The following spectra correspond to compounds AE listed below con pound to its corresponding spestre Label very simal on the spectrum (as Co . ctc.). Spectrum CDCI, 190 160 170 160 150 140 130 120 110 100 80 80 Spectrum 2 70 80 50 40 30 20 10 O le CDCI, 190 180 170 180 150 140 130 120 110 100 90 80 70 60 50 40 30 20 10 O de CDCI, 190 180 170 180...
the above question must be solved using the supplied
viscosity table. but I keep getting weird values.
can I please have workings and explanation as how to use this table
please.
thank you
Question 3 (3 Marks) Consider a journal bearing with the following characteristics: . Radius of 0.02m A clearance of 0.1mm . .A length of 0.02m Running under the following conditions: .Using SAE40 oil for lubrication . Running at 50 rps . Subject to a load of 100N...
Identify which of these four mass spectra indicate the
presence of sulfur, chlorine, bromine, iondine, nitrogen. suggest a
molecular formula for each.
2otten breaks sh ass spec er be mass PROBLEM 12-7 Identify which of these four mass spectra indicate the presence of sulfur, chlorine bromine, iodine, or nitrogen. Suggest a molecular formula for each. AA gIve the lonica 100 77 80 156 158 (a) 60 40 20 Fragn 10 20 30 40 50 60 70 80 100 110 120...
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