Cost in oil and gas operations may be classified into a number of non-mutually exclusive groupings for decision making.   Discuss the possible major cost classifications and factors that will affect a decision-maker’s classification of cost into one or more of these grouping s.s.

Q: Consider a market in which a firm has monopoly power. Suppose in addition that the firm produces und...

A: Monopoly basically refers to a market in which there is only single seller/firm and that single sell...

Q: It costs 100, 000 pesos at the end of each year to maintain a certain portion of a highway. If money...

A: Given: The cost of maintaining a certain portion of a highway is = 100,000 pesos The money is worth ...

Q: A loan of $300,000 is repayable by an annuity payable half-yearly in arrear for 20 years. The half-y...

A: Given information Loan amount=$300000 Year of payment=20 Years Payable half yearly T=20*2=40 times Y...

Q: In a factory employing 3,000 persons, in a day 5 per cent work less than 3 hours, 580 work from 3:01...

A:

Q: When the price level falls     A)  the slope of the aggregate expenditures curve changes.   B)  the ...

A: Aggregate expenditure is the sum of consumption, investment, government spending and net exports.

Q: The average salary of male employees in a firm was Dollar 5200 and that of females was Dollar 4,200....

A:

Q: Economic profits discussion

A: The difference between the money collected from the sale of a product and the costs of the inputs re...

Q: what are two examples, of companies’ respecting the rights of employees and of companies’ failing to...

A: *Answer:  The company should pay to the employees the living best show that can support their famili...

Q: List the Good and Bad effect of global free trade in a country?

A: The economics as a study is based upon the idea that the resources which are used in the economy are...

Q: The table contains information about the nation of Syldavia. There are no income taxes or imports in...

A: Y = C+I+G In an closed economy the above formula can be used Y= National income or GDP C= Consumptio...

Q: Question:What market structure has a TR that is equal to the 45 degree line? -pure -monopoly -mon...

A: Perfect competition is the market structure where there are many sellers in the market with each sel...

Q: Is government participation in our personal retirement plans good or bad?   As an employee and emplo...

A: Retirement planning is concerned with the retirement income goal, which includes finding sources of ...

Q: Isoquant curves Gym requires exactly 3 bottles of water per athlete to maximise performance (athlet...

A: Introduction Isoquant curve : Isoquant curve represents all the inputs combinations of two commoditi...

Q: If organic virgin coconut oil (VCO) has been proven to enhance your immune system against corona vir...

A: Answer: Note: you have not mentioned but it seems true/false and I am answering this question as tru...

Q: (1, 1) →4 CI, 1) = 2 (4, 1) 4 (4,1) = 3 %3D (1,4) = uCI,4) =5 C,6)→ 4C1,16)=1は O C,16)>(6,1)~() い) F...

A: In economics, utility functions are defined as the individual preferences for commodities apart from...

Q: An economy is described using the following equations: C- 300 + 0.75(Y - T) |= 120 G=90 NX --100 T-1...

A: Planned aggregate expenditure (AEp) is the sum of consumption (C), investment (I), government spendi...

Q: What is the average product of labor, given that the level of labor equals 15, total output equals60...

A: Labor are the people who work in the business organization and get salaries/wages in return. Labor p...

Q: Based on data from Z country, the realization of the 2022 deficit reached 5,65 percent of the gross ...

A: The issuance of government bonds affects the market for loanable funds and interest rate.

Q: (1) For demand function Q, = a-bP and supply function Q, = dP-c, using Cramer's rule determine equil...

A: Market equilibrium basically refers to a situation in which the supply and the quantity demanded are...

Q: of a given activity. c) Economists refer to the revenue collected as a result of a tax as the burden...

A: In an economy, economists think that there are different types of tax burden when government imposes...

Q: Question 2. Consider a firm that can use commodity one to produce commodity 2 according to the produ...

A: Functions that exhibit constant returns to scale are homogeneous functions. Homogeneous functions ar...

Q: Refer to the graph shown. This set of cost curves Is: MC ATC B AVC Output Multiple Cholce O wrong be...

A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce ...

Q: Simple Regression Sales Revenue Year Product Price (P) (millions of pesos) 1 1.20 0.95 1.50 0.93 3 2...

A: Dependent Variable: Sales Revenue (y) Independent Variable: Product Price (x)   Regression Equation:...

Q: Write down and briefly discuss the six Kaldor stylized facts about economic growth in the time serie...

A: Kaldor growth model - He focused on capital accumulation through technical progress. Nicholas Kaldor...

Q: The sum of three consecutive terms of an A.P. is 24 and their product is 440. Find the numbers?

A:

Q: Answer the following questions on the basis of the following three sets of data for the country of N...

A: PLEASE FIND THE ANSWER BELOW.

Q: 3. As supervisor of a facilities engineering department, you consider mobile cranes to be critical e...

A: Given information Project A Initial capital=$272000 Annual cost=28800 Salvage value=25000 N= 6 years...

Q: Which of the following will appear on the financial account in the US balance of payments   A. U.S...

A: Answer: Financial account: the financial account of the balance of payment records the transactions ...

Q: The first cost of a certain equipment is P324,000 and a salvage value of P50,000 at the end of its l...

A: First, we convert all values into an equivalent A i.e. annual equivalent value. Then, to find the ca...

Q: Consider an economy that initially has a labor force of 2,000 workers. Of these workers, 1,900 are e...

A: Given  Initially, labor force =2000 Employed =1900  

Q: Industrialization is important to the development of a nation for all the following reasons except: ...

A: Economic development: - Economic development is the process of improving the social and economical c...

Q: Distinguish between autonomous and accommodating balance of payment transaction..

A: The economies around the globe are involved in the use of their resources in such a way that the max...

Q: Given the equation of Q = min(4K,8L), how much output is produced when 2units of labor and 5 units o...

A: Given: Q=min(4K,8L) Labor=2 units Capital=5 units  

Q: 1. Suppose the Central Bank has just announced a higher overnight interest rate, thereby decreasing ...

A: Here, it is given that Central Bank increased the overnight interest rate to reduce the desire for n...

Q: A firm currently faces a market price of $7. If producing output where MC= $7, it would produce 11 u...

A: Actually in simple words we can say that the market price in the economy is generally known as the c...

Q: • Vicki works part - time at Bainen Press to help pay her college tuition. Vicki would be classified...

A: Given that Vicki works part-time to help pay her college tuition. This implies she is a full-time st...

Q: Discuss the global and local problems in the economy on why there us a lot of working students

A: An economy is defined as all activity in a given region that is connected to the production and cons...

Q: The demand function for a truckload of firewood in a small town with a college is Q = 200 - 1.5p for...

A: Demand function for college students:- Q = 200 - 1.5P Demand function for non students:- Q = 200 - p

Q: QUESTION 3 3A. Construct a market for cotton imported into the U.S. with an equilibrium price of $1/...

A: It refers to a scenario in which the quantity demanded of a commodity is equal to the quantity suppl...

Q: We have data on 2323 randomly selected households consisting of three persons in 2013. Let ENTERT de...

A: R-squared is used as measure of goodness of fit, a formula to calculate R-squared: R2=ESSTSS Where E...

Q: What is Development Planning? Why is there a need for economic development planning?

A: The creation of wealth from which the benefits of the community are being realized is known as econo...

Q: Which of these actions creates value? O Buying a struggling firm and selling off its assets for more...

A: The measure of the benefit or gain that is being provided to an economic agent by using any good or ...

Q: When a small economy imposes a tariff on imports, net welfare O always increases. O always decreases...

A: The imposition of tax on imports and exports by the government of the country or a union is being kn...

Q: f you pay $1000 for a $1000 bond that pays annual “coupon interest” equal to 5% and matures in 3 yea...

A: Given bond coupon rate = 5 % Bond face value = 1000 $ Current market value = 1000 $ Time = 3 years

Q: Designers of the Federal Reserve System were concerned that the Fed might form policy favorable to o...

A: The Federal Reserve System is the US government's central banking authority. It serves as the US gov...

Q: What can you say about our Philippine money/ denominations? Do you think it possessed the all the ch...

A: The Philippine peso (currency code: PHP) is the country's official currency.The multicoloured notes ...

Q: Demand of product X = 2 P = 2000 - 4 Q Supply of product X = P = 100 + 3 Q Sales tax per unit = $ 10...

A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts fo...

Q: Exhibit 15.3 S'm Sm Dm Interest rate in

A: Money demand (Dm) slopes downward, implying an inverse relationship between interest rate and quanti...

Q: Suppose that in the next few years Saudi Arabia oil production increases significantly. a. How will ...

A: Terms of trade are basically defined as the ratio of the index of export prices to the index of impo...

Q: E2

A: The inflation rate is the ratio of percentage change in the consumer price index of the current year...