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 104 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?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Outgroup role in relative rate test Outgroup role in relative rate test
You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ... You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library