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

Author Question: If there are approximately 6,000 barrels of known reserves of oil, an estimated 10,000 barrels of ... (Read 127 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
If there are approximately 6,000 barrels of known reserves of oil, an estimated 10,000 barrels of unknown reserves of oil,
 
  and it is estimated that the supply of oil will be depleted in 40 years, what is the annual consumption of barrels of oil, all else equal?
  A) 150
  B) 250
  C) 400
  D) 1,600

Question 2

The law of supply reflects the negative relationship between the price of a good or service and the quantity of that good or service that sellers are willing to offer for sale.
 
  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

debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

The theoretical design of nature reserves, based on the tenets of island biogeography. The theoretical design of nature reserves, based on the tenets of island biogeography.
World oil reserves World oil reserves
Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
Example of an approximately 37,500 probespotted oligo microarray. Example of an approximately 37,500 probespotted oligo microarray.
Potential gas reserves have increased significantly with the discovery of new shale gas formations Potential gas reserves have increased significantly with the discovery of new shale gas formations
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library