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2 years ago

How do you think each of the following affected the world price of oil? (Use basic demand and supply analysis.)

Business

1 answer:

My name is Ann [436]2 years ago

6 0

The correct answer is the following.

A) Tax credits were offered for expenditures on home insulation. Affected the demand by decreasing it and the price decrease.

B) The Alaskan oil pipeline was completed. Affect the increase of supply and the price and the price decreases.

C) The ceiling on the price of oil was removed. Affect the decrease in demand and the price varies.

D) Oil was discovered in the North Sea. Affect the supply by increasing it and the price decreases.

E) Sport utility vehicles and minivans became popular. Affect the increase of the demand and the price increases.

F) The use of nuclear power decreased. Affect the increase of the demand and the price increases.

Many variables affect the price of oil. International prices are modified constantly and countries should have their provisions in order to prevent drastic changes to their economies due to the fluctuation of international oil practices. The important thing to consider is that not only economic factors affect the price of oil, but also political factors.

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3 years ago

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3 years ago

The discount rate is the interest rate charged by:_______.

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Answer:

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3 years ago

Trevor Company expects sales of Product W to be 60,000 units in April, 75,000 units in May, and 70,000 units in June. The compan

Sedbober [7]

Answer:

65000 units

Explanation:

Given:

Expected sales of product W in April = 60000 units

Expected sales of product W in May = 75000 units

Expected sales of product W in June = 70000 units

Inventory in hand at the end of each month = 40% of the next month's expected sale

Inventory expected at the end of the April = 40% of the expected sales in May

Inventory expected at the end of the April = 0.4 × 75000 = 30000 units

Therefore, the total units required in April = Expected sales of product W in April + Inventory expected at the end of the April

the total units required in April = 60000 + 30000 = 90000 units

Now,

Excessive production in March (inventory) = 25000 units

Hence, the units required to be produced in April = the total units required in April - Excessive production in March (inventory)

the units required to be produced in April = 90000 - 25000 = 65000 units

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3 years ago