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Lana71 [14]
3 years ago
6

Alex wilson and james lawrence are discussing the high price of crude oil in the global market.​ alex, a sociology professor who

follows the financial markets​ closely, claims that the volume of trade in oil futures has increased indicating that speculators are responsible for the high oil prices.​ james, who works at an investment​ bank, thinks that the increase in oil prices is​ demand-driven. according to​ him, the higher price of oil reflects growing demand from developing countries.
Business
1 answer:
algol [13]3 years ago
4 0

Answer:

Developing countries are using less oil because of substantial investments in renewable energy.

Explanation:

Solution

From the given question, the statement that would weaken James argument is that, countries that are developing are using fewer oil because of substantial investments in renewable energy.

This shows that the demand is actually higher no matter if its in growing or developing  country or a developed country and since his statement says that prices depend upon the demand, it actually supports it whereas the statement B is the only statement which is totally contradicting James statement as it doesn't talk about demand in developed country and also says that developing ones are demanding little of it.

Complete question : Alex Wilson and James Lawrence are discussing the high price of crude oil in the global market. Alex, a sociology professor who follows the financial markets closely, claims that the volume of trade in oil futures has increased indicating that speculators are responsible for the high oil prices. James, who works at an investment bank, thinks that the increase in oil prices is demand-driven. According to him, the higher price of oil reflects growing demand from developing countries.  

Which of the following, if true, would weaken James' argument?

A. A private oil drilling firm has recently discovered vast oil deposits off the coast of a remote island country.

B. Developing countries are using less oil because of substantial investments in renewable energy.

C. Per capital consumption of oil was higher in the developed countries than in the developing countries during the last year.

D. An increase in oil prices tends to accelerate inflation in growing economies.

E. Following a large oil spill, some countries have introduced new regulations for offshore oil drilling.  

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If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.
solmaris [256]

For a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

<h3>Why is the relationship between demand and price of prestige products direct?</h3>

The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.

And when the quantity demanded increases, the price tends to increase.

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Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

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2 years ago
Advances in technology like the creation of cheap, lightweight laptops has allowed workers to work from almost anywhere. Please
andriy [413]

Answer:

Got this from the same website you used

Explanation:

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5 0
3 years ago
A brewery produced regular beer and a low carb "light beer". Steady Customers of the brewery buy 10 units of regular beer and 15
Svet_ta [14]

Answer:

                                                Regular     Low Carb      Total

a) Units to be produced               20              22             42

(to minimize total production cost)

b) Total production costs    $704,000   $1,150,000   $1,854,000

Explanation:

a) Data and Calculations:

                                                Regular     Low Carb

Monthly customers demand         10              15

Ratio of customers demand        40%           60%

Cost per unit                           $32,000      $50,000

Revenue per unit                    120,000      300,000

Contribution per unit            $88,000    $250,000

Total required revenue = $9,000,000

With 20 additional units of beer, total units produced = 45 (25 + 20)

To minimize production costs and generate a total revenue of $9,000,000, more of the units that cost less should be produced.  Units should be produced according to the following ratio:

                                                   Regular       Low Carb       Total

New Production and Sales units  20                   22             42

                                         

Total production cost =       $640,000         $1,100,000         $1,740,000

                                       ($32,000 * 20)       ($50,000 * 22)

Total revenue =               $2,400,000        $6,600,000     $9,000,000

                                      ($120,000 * 20)      ($300,000 * 22)

To achieve a minimum revenue of $9,500,000,

New production units                  22                   23                  45

Total production cost =     $704,000         $1,150,000        $1,854,000

Total revenue =                2,640,000         6,900,000         9,540,000

3 0
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Answer and Explanation:

The computation of the percentage of change is as follows;

a. For 2020 to 2021

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b .For 2021 to 2022

= (Net income in 2022 - net income is 2021) ÷ (net income in 2021)

= ($521,000 - $473,000) ÷ ($473,000)

= 10.15% increase

In this way it is calculated

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