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

Author Question: Suppose the supply of non-OPEC oil increases due to new petroleum discoveries in other countries. ... (Read 53 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
Suppose the supply of non-OPEC oil increases due to new petroleum discoveries in other countries. What happens OPEC's share of the world oil market?
 
  A) Increases
  B) Decreases
  C) Remains the same
  D) We do not have enough information to answer this question.

Question 2

Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. The quota will make total consumer surplus equal to
 
  A) 25,000.
  B) 13,125,000.
  C) 40,000,000.
  D) 62,500,000.
  E) 75,625,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
:D TYSM

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
Who Oversees the Food Supply? Who Oversees the Food Supply?
Blood Supply of the Liver Blood Supply of the Liver
Blood Supply to the Lungs Blood Supply to the Lungs
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library