This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Next year's expected price of oil is 90 per barrel. If the interest rate climbs from 5 percent to 20 ... (Read 119 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
Next year's expected price of oil is 90 per barrel. If the interest rate climbs from 5 percent to 20 percent per year and nothing else changes, then according to the Hotelling Principle the price of oil this year
 
  A) will rise.
  B) will fall.
  C) will not change.
  D) could rise, fall, or stay the same.

Question 2

In monopolistic competition, product differentiation gives the firms the power to set their prices.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

TRUE


abc

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 29, 2018
Thank you :)


xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199 The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199
Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
A Glitch Interrupts the Vela Pulsar’s Spindown Rate A Glitch Interrupts the Vela Pulsar’s Spindown Rate
How to calculate simple interest (Part 1) How to calculate simple interest (Part 1)
How to calculate compound interest (Part 1) How to calculate compound interest (Part 1)
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library