if a new technology made it easier to draw crude oil out of the ground, how would demand for crude oil change as a result?

Answers

Answer 1

If a new technology made it easier to extract crude oil from the ground, there would likely be an increase in demand for crude oil.

This is because easier extraction would lower the production cost of crude oil, making it more affordable for consumers. As a result, more consumers would be able to purchase and use crude oil, leading to higher demand. Additionally, lower production costs would also make it more attractive for oil companies to extract and produce more crude oil, further increasing the supply and demand for the commodity. However, it is important to note that the demand for crude oil is not solely determined by the ease of extraction. Other factors such as global economic growth, geopolitical events, and advances in alternative energy sources could also play a role in determining the demand for crude oil. For example, if there is a shift towards renewable energy sources, demand for crude oil could decrease even if extraction becomes easier.

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Related Questions

Currently, the price of good W is $50 and the quantity demanded is 35,000 units. In past studies, the price elasticity of demand for W was found to be -0.25. If the price of W is expected to increase to $60, calculate the resulting expected number of units that will be demanded.

Answers

The resulting change in the quantity demanded is a five percent decrease.

What is the elasticity of demand?

Elasticity of demand measures the percentage change in quantity demanded in relation to the percentage change in price.

Elasticity of demand = percentage change in quantity demanded /  percentage change in price.

percentage change in price = ($60 / $50) - 1 = 0.2 = 20%

percentage change in quantity demanded = -0.25 x 20% = -5%

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Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

Dividing potential customers into groups of similar people is known as

A. customer relationship management

B. market segmentation

C. environmental scanning

D. public accounting

Answers

The division of the customers into groups of the similar people is known as market segmentation. Thus correct option is (B).

What is Market Segmentation?

Market segmentation is the marketing strategy in which the people are divided into similar groups making the small segments who has the common needs and respond same to the marketing action.

Market segmentation is the process of grouping comparable clients together. Therefore the correct option is (B).

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How does a subscription business model function?
A. By asking the government to tax the customers
B. By relying on a series of one-time sales
C. By relying on contracts that bring in a predictable source of
revenue
D. By asking customers to pay costs to the government

Answers

Answer:

B.

Explanation:

How does a subscription business model function?A. By asking the government to tax the customersB. By

A fan base is, in most ways, quite similar to a customer base.
A. False
B. True

Answers

The correct answer is ‘True’.
True in some ways. A fan supports the person statistically however a customer supports a person financially

which would be the best strategy if a dysfunctional norm is very deeply ingrained in a team? multiple choice disband the group and replace it with people having more favorable norms. introduce rewards that support the dysfunctional norm. supplement the existing group with one or two people having more favorable norms. tell the group that corporate leaders are willing to tolerate the dysfunctional norm.

Answers

The best strategy for addressing a deeply ingrained dysfunctional norm in a team would be to supplement the existing group with one or two people having more favorable norms.

This is because disbanding the group and replacing it with new members may not necessarily solve the issue as the dysfunctional norm may still persist. Introducing rewards that support the dysfunctional norm would only reinforce the behavior, which is counterproductive. Telling the group that corporate leaders are willing to tolerate the dysfunctional norm sends the message that it is acceptable, which is not conducive to creating a positive and productive work environment.

Therefore, bringing in new members who embody more positive and functional norms can help shift the team's culture in a more positive direction over the long term. This approach may take time, but it is the most effective way to address a deeply ingrained dysfunctional norm in a team.The best strategy if a dysfunctional norm is very deeply ingrained in a team would be to "supplement the existing group with one or two people having more favorable norms."

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Out of the given options, the best strategy would be to supplement the existing group with one or two people having more favorable norms.

Firstly, it's important to note that changing a deeply ingrained dysfunctional norm in a team can be a challenging and complex process that requires a long-term approach.

Therefore, a "quick fix" strategy may not be effective in the long run.

Out of the given options, the best strategy would be to supplement the existing group with one or two people having more favorable norms.

This approach involves bringing in new team members who already exhibit positive norms and behaviors, which can gradually influence the dysfunctional norms of the existing team.
Disbanding the group and replacing it with people having more favorable norms may seem like a viable solution, but it can be costly and disruptive to the team's dynamics.

Additionally, introducing rewards that support the dysfunctional norm may reinforce the negative behavior and not address the root cause of the issue.

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Which of the following statements is true of export management companies (EMCs)?
Multiple Choice
An EMC is an intermediary that facilitates talks between two nations.
EMCs are export specialists that act on behalf of their client firms.
EMCs are export-import banks that manage foreign exchanges.
An EMC is a transportation company that engages in international business.

Answers

The correct statement regarding export management companies (EMCs) is EMCs are export specialists that act on behalf of their client firms.

Export management companies (EMCs) are intermediaries that specialize in assisting companies in exporting their products or services to international markets. They act as representatives of their client firms and provide various services to facilitate international trade. EMCs help in identifying target markets, conducting market research, establishing distribution channels, negotiating contracts, arranging logistics, and handling documentation related to exports.

EMCs play a crucial role in navigating the complexities of international trade and helping companies expand their business globally. They have expertise in export regulations, market conditions, cultural nuances, and business practices in different countries. By utilizing the services of EMCs, companies can benefit from their knowledge and networks to enhance their export capabilities and overcome barriers to entry in foreign markets. Therefore, option B is the correct statement describing export management companies (EMCs).

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What term BEST describes something done just to earn money?

A.
path
B.
activity
C.
job
D.
career

Answers

Answer:

its job in my opinion

C is your answer

Jobs are usually meant to be temporary just to earn money whereas careers are usually not temporary and just for the sake o making money.

Mark me brainliest pls

During 2017, Oriole Company expected Job no. 59 to cost $300000 of overhead, $560000 of materials, and $200000 in labor. Oriole applied overhead based on direct labor cost. Actual production required an overhead cost of $255000, $630000 in materials used, and $280000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead

Answers

Answer:

$165,000

Explanation:

The computation of the amount of over- or underapplied overhead is shown below:

The Predetermined overhead rate is

= Predetermined overhead ÷ direct labor cost

= ($300,000 ÷ $200,000)

= 150% of direct labour cost

Now  

overhead applied is

= (150% × $280,000)

= $420,000

And,  

Actual overhead=$255,000

So,  

overhead overapplied is

= $420,000 - $255,000

= $165,000

A party can be discharged from a contract. Name eight ways thata party can be discharged.

Answers

A party can be discharged from a contract by impossibility of performance, breach of contract, rescission, frustration of purpose, operation of law and illegality.

1. Performance: The parties fulfill all the terms and conditions of the contract, and the contract comes to an end. A party is discharged from a contract when they have fully performed their contractual obligations.
2. Mutual agreement: Both parties agree to end the contract by mutual consent. Both parties may mutually agree to terminate the contract, thereby discharging their obligations.
3. Impossibility of performance: The performance of the contract becomes impossible due to unforeseeable events, such as war, natural disasters, or death of the parties involved.
4. Breach of contract: A party breaches the contract, and the non-breaching party can choose to terminate the contract.  If one party breaches the contract, the other party can be discharged from their obligations.
5. Rescission: One party can request the court to rescind or cancel the contract due to misrepresentation, fraud, or mistake.
6. Frustration of purpose: The objective of the contract becomes meaningless due to unforeseeable events, such as a change in law or regulation.
7. Operation of law: The contract becomes illegal due to a change in the law, or the contract is declared void by the court. A party can be discharged by operation of law, such as bankruptcy, which makes it impossible for the party to fulfill their contractual obligations.
8.  Illegality: If the subject matter of the contract becomes illegal or the contract itself is found to be against public policy, a party can be discharged from the contract.

By understanding these eight ways, you can better navigate the circumstances that may lead to a party being discharged from their contractual obligations.

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Which ofthe following accounts are usually transferred to the Income Statement? *
1 point
a. Rent, premises, drawings
b. Drawings, rent, purchases
c. Commission received, rent, purchases
d.Purchases, furniture, commission received​

Answers

Answer:C

Explanation:It is C because to get your commission they need to transferred to your Income Statement and for rent they need to know that you can afford to live there.To purchase big stuff they gotta look at your income to buy it.

Concentrated ownership is when there are very few shareholders so that each one gets a. Share of the profits

Answers

Answer:

yes it was correct but i was in shields and i’m going on the right now so it is a

Explanation:

an insurance company is sued for breach of contract. at the end of the trial, the trial judge issues a judgement n.o.v. (notwithstanding the verdict). what does that mean

Answers

The specific legal procedures and standards for granting a judgment n.o.v. may vary depending on the jurisdiction and the applicable laws.

When a trial judge issues a judgment n.o.v. (notwithstanding the verdict), it means that the judge is overturning the jury's verdict and entering a judgment in favor of the opposite party in the lawsuit. In other words, the judge is disregarding the jury's decision and making their own determination on the outcome of the case.

The judgment n.o.v. is typically granted when the judge believes that the jury's verdict was unreasonable or not supported by the evidence presented during the trial. It is a way for the judge to correct what they perceive as a mistake in the jury's decision.

In the context of an insurance company being sued for breach of contract, if the trial judge issues a judgment n.o.v., it means that the judge is ruling in favor of the party suing the insurance company and overturning the jury's verdict, potentially awarding damages or other remedies to the plaintiff.

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What do you understand by the term social structure? Explain social roles in the context of social structure and quote real life examples to discuss the concepts for role conflict, role strain and role exit.

Answers

Answer:

Social structure is the arrangement in the society where people live and interact together in the society.

Explanation:

Social structure in humanism is considered to be the specific and stable plan of the organizations where the people in general public collaborates and lives respectively. The social structure is often treated together with the very idea of the social change that tries to manage the powers of the people which changes the social structure as well as the association of the society.

Social structure helps the individuals to sort out their current circumstances and it limits which characterize the insiders and the outcasts. Social structure restricts certain alternatives and spots us in the discretionary classes that is not based on the personal preferences.

Karl Marx once stated how the monetary creation is coordinated by central main part of the general public.

what are business processes, such as manufacturing goods, selling products, and providing service, that make up the primary activities in a value chain?

Answers

The business processes that make up the primary activities in a value chain are Inbound logistics , operations , outbound logistics , service , marketing and sales .

⇒ The Inbound Logistics is the process of receiving, storing, and distributing inputs, such as raw materials, parts, and supplies, that are used in the production process.

⇒ The Operations is the process of transforming inputs into finished products or services. This can include activities such as manufacturing, assembling, or providing services.

⇒ The Outbound Logistics is the process of storing and distributing finished products to customers or distribution centers.

⇒ The Marketing and Sales is the process of promoting and selling products or services to customers.

Service : The process of providing after-sales support, such as installation, repair, and maintenance, to customers.

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Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?

CES
CSAT
PSC
NPS​

Answers

Answer:

Simple Random Sample

Explanation:

70 of 500 respondents say they would visit a trampoline park. What percentage of respondents is this?.

Answers

Answer:

Should be 14%

Explanation:

70 divided by 500 is 0.14 then move the decimal.

the annuity benefit or payment option requiring the greatest amount of capital per $1,000 of benefit is:

Answers

Answer:

"The income benefit requiring the gratest amount of capital per $1,000 of benefit is Life Income Joint and Survivor 100%. The higher the percentage of payment for the survivor (1/2, 2/3), the greater amount of capital that is needed."

Which type of checking account pays interest on the mean balance of the
account during a particular cycle?
A. Average balance account
B. Cost-per-check account
C. Minimum balance account
D. Free account

Answers

Answer:

A. Average Balance Account

Explanation:

Average balance account is a type of checking account that pays interest on the mean balance of the account during a particular cycle. Thus, option A is the correct option.

What Is a Checking Account?

An account with a financial institution called a checking permits both deposits and withdrawals. Checking accounts, also known as demand accounts or transactional accounts, are relatively liquid and may be accessed in a variety of ways, including through cheques, automated teller machines (ATMs), and electronic debits.

A checking account varies from other bank accounts in that it frequently permits unrestricted withdrawals and deposits, although savings accounts may occasionally place restrictions on both. Anybody who frequently wishes to make withdrawals or transactions from a bank account can benefit from having a checking account. A checking account can usually be opened relatively quickly and easily. You can apply online or in person at a bank office.

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-If a company has an average monthly remittance of $30,000. 00,

what type of

remitter would they be?

Answers

Based on an average monthly remittance of $30,000.00, the corporation would be regarded a regular remitter, sending that money to another party on a constant basis.

A "remitter" is often a person or institution who distributes money or makes payments to another party. In the context of your inquiry, if a corporation has an average monthly remittance of $30,000.00, it implies that the company sends this amount of money to another party or parties on a regular basis. However, without more information about the nature of these remittances or the precise industry in which the company operates, determining the exact type of remitter they would be is difficult.

Various kinds of remittances are used in many industries and economic operations. A company in the banking sector, for example, may be processing customer payments or transferring funds on behalf of clients. A retail company may remit sales revenues to suppliers or wholesalers. Similarly, a service-based business may pay subcontractors or vendors. It is difficult to establish the precise type of remitter a company would be based merely on the average monthly remittance amount without more specific facts.

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If the SEC does not agree with a standard issued by the private sector, it can: __________

Answers

A standard may be changed by the SEC if it is not in agreement with one that the private sector has issued.

The portion of the economy that is run by people and businesses for profit and is not under state control is known as the private sector. As a result, it includes all for-profit companies that are not owned or run by the government. Government-run businesses and companies are considered to be in the public sector, whereas charities and other nonprofits are considered to be in the voluntary sector.

A country's private sector is the portion of the economy that is owned, controlled, and run by private persons or businesses. In comparison to the public sector, the private sector employs more people and seeks to make money. A public sector entity can be privatized or a new business might be established to operate in the private sector. Large private sector corporations might be privately held or traded publicly. Private sector companies compete for consumers' dollars by lowering prices for goods and services; in theory, consumers won't pay more for an item if they can get it elsewhere for less money.

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if one of the production crew members in the management in action case is known for keeping the team headed in the right direction to meet taping deadlines, this person would have the role of .

Answers

If a member of the production team in the management in action instance has a reputation for keeping the group moving forward to fulfill recording deadlines, this person would play the role of an orienter.

Orienter is one who helps a newcomer get used to social situations or local customs.

Orienter examines and explains the group's stance. summarizes what has been accomplished, identifies detours made by the group, and makes recommendations for how to turn things around.

The setup, breakdown, upkeep, and removal of musical and theatrical production equipment for stage work fall under the purview of the production crew. They are employed by touring bands, theater organizations, event venues, and production businesses.

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Question 6 of 10
The optional feature in a business letter is the:
A. date.
B. inside address.
C. closing.
D. reference.

Answers

Answer:

D would be the correct answer

Explanation:

Answer: reference

Explanation: ape x

Jones Company issued bonds with a $120,000 face value on January 1, Year 1. The five-year term bonds were issued at 99 and had a 8.50% stated rate of interest that is payable in cash on December 31st of each year. Jones amortizes the bond discount using the straight-line method. Based on this information:

Answers

The amortization of the bond discount using the straight-line method, we need to determine the annual amortization amount and then allocate it over the bond's five-year term.

First, let's find the bond discount. The bonds were issued at 99, which means they were sold for 99% of their face value. The discount is the difference between the face value and the selling price:

Bond discount = Face value - Selling price
Bond discount = $120,000 - ($120,000 * 0.99)
Bond discount = $120,000 - $118,800
Bond discount = $1,200

Next, we calculate the annual amortization amount:

Annual amortization amount = Bond discount / Number of years
Annual amortization amount = $1,200 / 5
Annual amortization amount = $240

Finally, we allocate the annual amortization amount over the bond's five-year term. Since the interest is payable annually, the amortization amount is recorded as an additional interest expense each year. Therefore, for each year, the interest expense would be the stated rate of interest plus the annual amortization amount:

Year 1:
Interest expense = $120,000 * 0.085 + $240

Year 2:
Interest expense = $120,000 * 0.085 + $240

Year 3:
Interest expense = $120,000 * 0.085 + $240

Year 4:
Interest expense = $120,000 * 0.085 + $240

Year 5:
Interest expense = $120,000 * 0.085 + $240

In each year, you can calculate the total interest expense by adding the stated rate of interest and the annual amortization amount.

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Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.

A) bad location

B) poor management

C) Competition

D) finances

Answers

D) finances
Thats how they make money without over pricing items

Answer:

D

Explanation:

finances

With the help of online research, write a short report on “glocalization.”

Answers

The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.

To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.

It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.

By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.

The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.

Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).

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what best describes the role of government in a free enterprise system? ​

Answers

Answer:

Allow individuals to operate their businesses in ways they think will maximize their profits.

Explanation:


Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP

Answers

Answer:

Date                 Account Title                                        Debit              Credit

XX-XX-XX       Salary and Wages expense              Rs. 55,000

                        Cash                                                                          Rs. 55,000

The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,

Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.

a trade association is a type of – because only businesses, not individuals, can constitute the membership. the sierra club is an example of a – due to its more than two million individual members.

Answers

Trade associations fall under the category of peak associations since only corporations, not individuals, may join. The Sierra Club, that has more than 2 million individual members, is just a sample of a mass association.

Peak associations refer to specific organisational kinds since they effectively represent the largest groups in a nation for that organization's field of interest. They are typically created to provide standards and procedures, or to represent all representatives when lobbying government officials or advancing the interests of the members.

Mass association is refers to a group or assembly of individuals and not organizations, each individual speaks for himself and not on behalf of an organization.

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Identify a true statement about a nonequity venture. Group of answer choices It provides the most benefits when the need for product specification or differentiation is high. It is characterized by one group's merely providing a service to another. It involves a financial investment by a multinational company (MNC) in a business enterprise with a local partner. It organizes worldwide operations based primarily on function and secondarily on product.

Answers

The true statement about a non-equity venture is that it is characterized by one group's merely providing a service to another.

A true statement about a nonequity venture is: It is characterized by one group's merely providing a service to another.  Nonequity ventures often involve collaboration between companies without sharing ownership or making financial investments. Instead, they focus on exchanging services or resources for mutual benefit.

In a non-equity venture, it is not needed by the founder to give up or sell all his shares in return for the capital received. He can still manage or control the business according to his own will.

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Other Questions
Western Markets has 150,000 shares outstanding with a market price per share of $15. Each share is entitled to one right. If the firm sets a rights offer as 5 rights plus $10 for each new share, what will be the ex-rights price per share? $14.49 $15.83 $14.17 $12.23 $13.77 In v A B C, M C=7, R M=4 , and A T=16 . Find each measure. TM Your clients Amar, his wife Jill and their 15-year old daughter Beth have a business idea called "Food Works" involving the delivery of prepared meals to customers in their city. Beth is amazing with technology as well as being an influencer on social media. She has a number of followers. Based on the ideas Amar, Jill and Beth have discussed, customers can go to an App; make their food selections; pay for food and pay for the food to be picked up and delivered by a delivery driver selected by "Food Works". So far Amar, Jill and Beth have not decided, (i) what form of business they should establish example sole proprietorship or limited liability company or some other form of business; (ii) where the food will come from; (iii) what type of relationships they should have with the food service providers; (iv) what type of relationship they should have with drivers; (v) where their business should be located (vi) how their business should be marketed. They know that in starting up and operating a business there are many different options available. Write a two-page report. Advise your clients Amar/Jill/Beth on their ideas: - how they can legally establish this business and the options available; - what (3) start-up issues (business, legal and/or ethical) they may face; and - what options are available to them in terms of using an App; getting access to food services and drivers; finding a location for the business and marketing Food Works.Required 1. Review the very brief assignment 2. Review the slides for Chapters 1, 2 and 3. Conduct any online or other research you need to do. 3. Write a two-page report (using a font size of 11). Advise your client on: - how they can legally establish this business; - what (3) start-up issues (business, legal and/or ethical) they should look out for; and - what options are available to them in terms of using an App; getting access to food services and drivers; finding a location for the business and marketing Food Works. Julio eats a taco for dinner. What represents a physical change in the taco?A) saliva changing the starch in the crust to sugarB) teeth tearing off a bite of a taco C) chemicals in the stomach digesting proteins D) breaking down of fats in the taco by bile What is the product of reductior of ethyl 4-oxobutanoate with sodium borohydride in ethanol at room temperature for 30 minutes? A Ethyl 4-hydroxybutanoate B 1,4-Butanediol C 4-Hydroxybutanal D Ethyl butanoate Need answer asap. 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The molar mass for lactic acid is 90.1 g/mol and the molar mass for sodium lactate is 112.1 g/mol.) _______ may be utilized to tear down and reassemble the transmission for service.A hydraulic pressA dial indicatorA bearing splitterSnap ring pliers Suppose a depositor at the bank writes a check for $19,000 to pay a contractor for some remodeling work done on her home. The contractor deposits the check in his bank (which is a different bank). What will Last National Bank's balance sheet look like after the check clears Find the probability P(E or F) if E and F are mutually exclusive, P(E)=0.41 and P(F) = 0.47P(E or F) = An ideal gas is made up of gas particles that...(A) ...have volume.(B) ... attract each other.(C)...can be liquified.(D) ... are in random motion. show all work.Balancing Chemical Equations 7. Balance the following reactions: a. AgNO3(aq)+_ FeCl3(aq) b. - NaHCO3(aq) + HSO4(aq) - AgCl (s) + Fe(NO3)3(aq) - NaSO4 (aq) + _HO (1) + CO(g) - The appearance of the surface of a mineral when it reflects light is known as Among classical liberalism/libertarianism, welfare liberalism, and socialism, which best reflects the true nature of justice? Support your answers with reasons (this is a college Philosophy Class giving away all my points) A(1,7) B(6,4) and C(5,5) are three points in a plane1. Find the equations of the perpendicular bisectors of AB and ACDetermine the point of intersection of the perpendicular bisectors in (I) Find the area of an isosceles triangle with a vertex of 42 and a base of 6 inches The measurement of angle F is _____ degrees