Answer:
When the world price is $9.00 per barrel, imports are 10.25 million barrels per day.
Explanation:
This can be explained as following:
- At the domestic equilibrium, the quantity supplied and demanded were:
- When the world price is $9.00 (P=9), the domestic demanded and supplied quantity were:
- Demand: Qd = 15 - (1/4)x9 = 12.75 million
- Supply: Qs = -2 + (1/2)x9 = 2.5 million
When the domestic supply is 2.5 million barrels per day while the domestic demand is 12.75 million barrels per day, the domestic still lacks:
- 12.75 - 2.5 = 10.25 million barrels per day
So that they need to import 10.25 million barrels per day.
Answer:
only increasing price on its goods
Explanation:
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.
In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses
1. The e cigarette is an hand held battery operated device which emits doses of vaporized nicotine or non nicotine solutions for the user to inhale.
The government should not ban e cigarette but it should follow the same regulations that were laid down for normal cigarettes. The manufacture and the sale of e cigarette should be strictly regulated.
2. The tobacco industry is not demonstrating a strategy of working in cooperative partnership with FDA. The tobacco industry is just trying to protect itself from future liability because of the effects that its products have on users. <span />
Project Status Meetings give the project managers an oppurtunity to seek input and conduct brainstorming sessions
Well If you only do minimum payments every month than you are really digging yourself a bigger hole, because interest will build up every month. <span />
