« previous next »

Author Question: If oil refiners expect the government to tax away any profits created by international supply ... (Read 131 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
If oil refiners expect the government to tax away any profits created by international supply disruptions, refiners will choose to
 
  A) carry smaller inventories of crude petroleum.
  B) leave the oil refining business.
  C) prevent the price of crude petroleum from rising.
  D) raise their prices to cover their added risks.
  E) take a higher percentage of their profits as windfalls.

Question 2

If a seller can sell 5 units at 8 each but can sell 6 units only by lowering the price to 7 (and must sell all units at the same price), the marginal revenue from selling the 6th unit is
 
  A) 42.
  B) 7.50.
  C) 7.
  D) 2.
  E) none of the above.


beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jun 29, 2018
Correct answers!


beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

NANDA international nursing diagnosis 1 NANDA international nursing diagnosis 1
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Region’s Culture in International Context Region’s Culture in International Context
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
For toluene (shown below), you would expect to see which m/z fragment in the mass spectrum? For toluene (shown below), you would expect to see which m/z fragment in the mass spectrum?
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library