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

Author Question: Next year's expected price of oil is 88 per barrel and the interest rate is 10 percent per year. ... (Read 124 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Next year's expected price of oil is 88 per barrel and the interest rate is 10 percent per year. According to the Hotelling Principle the price of oil this year is
 
  A) 80 per barrel.
  B) 88 per barrel.
  C) 96 per barrel.
  D) None of the above answer is correct.

Question 2

Vouchers create the efficient outcome only if production is such that the marginal social cost
 
  A) exceeds the marginal private benefit.
  B) equals the marginal external benefit.
  C) equals the marginal social benefit.
  D) is decreased so it equals the marginal private cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LP

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


rl

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Gracias!

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

20,000 year old spotted hyena painting from the Chauvet Cave, France 20,000 year old spotted hyena painting from the Chauvet Cave, France
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
Rate of Growth of Brain Areas Rate of Growth of Brain Areas
This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ... This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ...
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ... Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...
At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ... At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ...
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library