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DENIUS [597]
3 years ago
12

Assume the world market for oil is competitive and that the marginal cost of producing​ (extracting and bringing to​ market) ano

ther barrel of oil is ​$81.40 and the marginal benefit is ​$79.20. If one more barrel of oil is produced and​ consumed, how will economic surplus​ change?
Business
1 answer:
xz_007 [3.2K]3 years ago
7 0

Answer:

The economic surplus will decrease by $2.20

Explanation:

$81.40 and $79.20 are <em>marginal </em>cost and benefit, which are the changes to total costs and total benefits due to producing and consuming one additional barrel of oil.

They can be used to calculate <em>change </em>to economic surplus, which is the change to the net economic value received by society, which is given by:

marginal benefit - marginal cost = $79.20 - $81.40 = - $2.20

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Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

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rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

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scoundrel [369]

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3 0
3 years ago
A strategy where an organization sets a high initial price, often targeted at early adopters, is a ________.
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Answer:

correct answer is skimming price strategy

Explanation:

solution

the correct answer is Price skimming price strategy because  

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The circumstances upon which it is permitted to share an unclassified draft document is:

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Hence, in this case, it is concluded that an individual is permitted to share unclassified draft documents with a non-DoD professional discussion group.

Learn more here: brainly.com/question/17635504

4 0
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