Answer:
The daily consumption rate per capita is equal to USA daily consumption divided by the population in 2010.
This give us 0.062 barrels of oil (19,148,000/309,000,000).
Explanation:
The usage of barrels of oil is indicated in a daily total of 19,148,000 barrels.
The 2010 USA population is given as 309 million.
Therefore, to obtain the daily consumption of barrels of oil per person or the consumption rate per capita, the daily consumption is divided by the population.
Consumption rate per capita is the consumption per each head in the population.
This consumption rate per capita can be used to compare the consumption over time and with other countries with different population sizes. This rate also indicates how each individual citizen of the USA is affected by the consumption of oil.
It does not actually imply that each individual has or can consume such quantity of oil per day.
Answer:
If a purely competitive firm shuts down in the short run: it will realize a loss equal to its total variable costs.
Explanation:
Shutting down in the short run is a proactive action undertaken by competitive firm to to avoid losses.
Otherwise, if they continue production, they will accrue more losses from operating cost.
in the short run, the firm has is committed to pay spend on recurrent expenditure and even if the firm produces a quantity of zero, it would still make losses because it would still need to pay for its fixed costs such as rent and insurance,
Therefore, competitive firms shut down in the short run so that they can reduce variable costs to zero.
Answer:
El capital es uno de los tres factores de producción, se puede dividir en capital físico y capital humano, el capital físico son todas las máquinas y recursos que utiliza en su negocio. El capital humano se refiere a todos los conocimientos adquiridos.
Answer:
a) The contract rate is above the market rate.
Explanation:
In the case when the bond is sold at the premium that means the contract rate or the coupon rate is higher than the market rate
While on the other hand, when the bond is sold at the discount that means the contract rate or the coupon rate is lower than the market rate
Therefore as per the given situation, the correct option is a.
hence, all the other options are wrong