The changes in the supply and demand leading to changes in the equilibrium values of price and quantity can be seen in oil market. In the oil it is assumed that initial equilibrium occurs at point E1 where P1 is the initial price level and Q1 represents the initial equilibrium level of quantity. Due to fall in global growth and trade tensions all over the world, it is feared that there will be oversupply of oil in the oil market which will shift the supply curve rightwards to S'S'and thus new equilibrium moves from point E1 to point E2 where there is fall in equilibrium price level and increase in the level of equilibrium quantity of oil in the oil market.
Answer the questions below, using an article from a newspaper, magazine, or relevant online source that...
Human Resources Find an online newspaper, magazine or other article from anytime over the past year which relates to HR in a major way. 1. Provide a link to your article. 2. Provide a brief summary of what the article says. 3. What is your sense for what is really going on here? Are there underlying issues influencing this situation beyond what is seen at the surface? 4. What does this case illustrate/suggest? What HR principle(s) stand out as being...
Read the article below. Complete the four short answer questions using complete sentences. 1) Identify the social problem or problems (in at least one paragraph). 5 pts. 2) Identify the subjective conditions (in at least one paragraph). 5 pts. 3) Identify the objective conditions (in at least one paragraph). 5 pts. 4) Describe how the social problem might be lessened or eliminated (in at least one paragraph) Care home (Nursing Homes) whistleblowers increasing More than 4,300 whistleblowers have come forward in...
Read newspaper article “Cook County sales-tax rate falls” and answer the following questions 1) In 2008, Cook County Board President Todd Stroger passed the sales tax increase to 10.25 percent, a sales tax rate higher than any other large city in America, to increase the tax revenue to support the health care system in Cook County. However, the revenue couldn’t make any payment to the health system. Explain the impacts of tax increase on tax revenue using demand and supply...
MICRO Economics ASSIGNMENT Total marks= 20 Answer the below questions. 1. The economy of the university town of Avicenna produces two and only two commodities: yoga lessons, and triple lattes. The economy is able to produce any of the following combinations of yoga and lattes per day: CLO 1 [4 MARKS] Daily Production in Avicenna Combination Yoga Lessons Triple Lattes A 5000 0 B 4000 9000 C 3000 16000 D 2000 21000 E 1000 24000 F 0 25000 a) Using...
Answer question 2 using the table from question 1. [The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $516 each. Costs 1. Plastic for casing-$19,000 2. Wages of assembly workers--$90,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$33,000 5. Drum stands (1.000 stands purchased)-$35,000 6. Rent cost of equipment for sales staff-$36.000 7. Upper management salaries-$170,000 8....
Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains in crude oil benchmarks were all in the first quarter of 2019, even as the next several months featured supply shocks that in the past would probably have propelled...
2. For each of listed events, identify the figure above [i.e. Figures 1-16) that best represents the stated outcome. In each case, identify the ultimate impact on market equilibrium u quantity and price generally expected given the course of events (indicate by stating either "increase" decrease", "no change", or "indeterminate"). Example: Farmed salmon market "Changes in government regulations reduced the number of firms provided formed salmon. At the same time i.e. simultaneous to the regulatory change), the consuming public's opinion...
Read the Article posted below, then answer the following questions: Mergers & acquisitions are a major form of corporate diversification strategy, identify and discuss the top three reasons why most (50-60%) of acquisitions fail to create shareholder value. What are the five major components of “CEMEX Way” and why has this approach been so successful in post-acquisition integration? In your opinion, what can other companies learn from the “CEMEX Way” as a benchmark for acquisition management? Article: CEMEX: Globalization "The...
OPS Practice quiz 2. The benefits of risk pooling depend on the behavior of demand from one market relative to demand from another. True False 3. What is Supply Chain Management? A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses and stores so that merchandize is produced, distributed at the right quantities, to the right locations and at the right time in order to minimize system wide costs while satisfying service level requirements. The management of the flow...
INSTRUCTIONS: After reading the attached article, How To Reskill Your Workforce For AI (Artificial Intelligence).pdf your job is to provide a very brief summary, analysis, and evaluation. We can define these important concepts as follows: Summary- A formal, logical, consistent way of highlighting the main points. Purpose: In school - to quickly and accurately describe something you have read In professional life - to provide a faster-to-read version of the material to other readers In personal life - to reflect...