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Describe the impact of the petroleum industry’s early actions (the 1990s and before) on consumers
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- Amazon company Describe anything that differentiates a product of your company, anything that generates barriers to entry and exit in your company, and any government policies that promote efficiency in your industry.Graphically illustrate and explain the impact of the reduction in crude oil import tariffs and improvement in the regulatory .environment to allow fossil-fuel refining on the profitability of oil refineries.Explain how and why market behavior affects the financial statements at various times throughout the calendar year for your organization
- A vertically integrated firm has 2 divisions; upstream and downstream divisions. The upstream division produces chemical Y, whose average total cost is ATCU = 10 + 2QU, where QUis the quantity of Y. The downstream division has its own average total cost of ATC = 20 + 3Q where Q is the quantity of the firm’s final product. There is no external market. What is the transfer price (PU)? Question 55 options: PU = 10 + 2QU. PU = 10 + 4QU. PU = 20 + 3QU. PU = 20 + 6QU. None of the above.A college has two types fo students: students from middle-income families who have an estimated price elasticity of demand equal to -1.5 and students from lower-income families who have an estimated price elasticity of demand equal to -2.5. The colleges marginal cost for providing one-year's academic credit is $4,500 regardless of which student is receiving the education. a. What annual tuition (price) should the college establish for students from middle-income families?b. What annual tuition(price) should the college establish for students from lower-income families?Should the company also reduce price in order to maintain market share, or should the company maintain its current price?
