Seclusion Bay has two natural gas wells, one owned by Bill and the other owned by Ben. Each well has a valve that controls the rate of flow of gas. The marginal cost of producing gas is $4 a unit. The table gives the demand schedule for gas on this island. If Bill and Ben form a cartel and maximize their joint profit, what will be the price of gas and the total quantity produced? Price (dollars per unit) Quantity demanded (units per day) 12 0 11 1 10 2 9 3 8 4 7 5 965 6 7 If Bill and Ben form a cartel and maximize their joint profit, the price of a unit of gas is $ and the quantity produced is units a day.

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: Why do companies have to study their environment first before venturing into new business?

A: In economics and business, the environment refers to the surrounded area where people make economic…

Q: How does land tenure system contribute to food security

A: Food security exists when all individuals, consistently, have physical and monetary admittance to…

Q: What and why are property rights important?

A: Property rights furnish the proprietor with the lawful responsibility for assets. This is supported…

Q: A table is on sale for 15% off. The sale price is $374. What is the regular price?

A: The regular price is the the original or full price of a product or service before any discounts,…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: Interest Rate iA 0 Ms Quantity of Money MD (Y, P)

A: (a) Calculating M1 and M2M1: This includes the most liquid forms of money:Currency: $95Checkable…

Q: Productive forces are Energy, equipment, and technology. The economic laws regulating the process…

A: Production factors:- Production forces are the resources used throughout the manufacturing process…

Q: Repayment of loan with interest is a capital expenditure True/False

A: # The upgradation for maintenance of physical assets is counted as capital expenditure.

Q: A set of ideas, values and beliefs about government and society That helps people make sense of…

A: Answer: Ideology: Ideology refers to the set of ideas, beliefs, manner of thinking, etc. of a person…

Q: pose/objectives of Community Development

A: Answer is given below

Q: All countries have a variety of different methods of allocating resources.

A: Sustainable resources are resources that can be used in a way that does not deplete them over time.…

Q: Advantages of Centralized/Center-led PurchasingStructures

A: Centralized purchasing is a system in which all sorts of inputs and services are provided through a…

Q: one idea of how important ethics are in the business industry.

A: Almost every corporation now has an ethics code. Technological advancements and digital…

Q: improvements in Canada goose

A: The uniqueness of the trademark is one of the secrets to Canada Goose's success. The term…

Q: why supplier is important for any organisations?

A: A supplier is an individual or a firm that provides a good or service to another economic activity…

Q: Business strategy for government agency to meet management challenges?

A: The main business strategy for government agencies is to go digital to reach a large number of…

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: Do you believe government should get involved in student loans

A: Government should  not get involved in student loans. Explanation: There are a few reasons  the…

Q: When the intended result is to be accomplished for community-service plan?

A: community service is a type of chipping in expected to help individuals or serve the more extensive…

Q: It is the amount of money paid for the use of borrowed capital. Future Worth Interest Principal…

A: Capital is often defined as the cash or any kind of asset which can be used to make expenditures.…

Q: Result of a market failure

A: The market failure refer to phenomena when the market does not behave as it is expected to behave…

Q: The W-4 tax form is used to determine how much your gross pay should be. avoid paying income taxes…

A: In an economy, taxation is considered as the complex economic system because it is different for…

Q: What are some mandates and compliance regulations that protect people's identity and privacy?

A: Concept Privacy refers to a person's ability to control when, how, and to what extent their personal…

Q: A plumbing contract called for certain “Crane” fixtures, but the contractor installed “standard”…

A: The breach in contract dispute could happen in any case, when there's lack of data about the need of…

Q: how to solve this question, and if it is possible without plagiarism, (one paragraph essay not more…

A: Here are some serious issues:  Water contaminations are seemingly the greatest key natural trouble…

Q: What is energy balance?

A: Economics matters is the sociol scientist that concentrates on the creation, circulation, and…

Q: True or false: you can request your free credit report online, over the phone, or by mail one time…

A: Credit Report is of great importance as it provides valueable information about the credit history…

Q: agricultural in north korea

A: Farming in North Korea is done on the flatlands of the four West Coast provinces. Intensive…

Q: How would present a loss and or an expense or damage claim?

A: Development contracts will by and large accommodate the contractor to guarantee direct loss and…

Q: Why is it important for managers to take ethical diversity into account?

A: Organizations have a high level of ethical variety. That is, employees, managers, and leaders in…

Q: Legal and Ethical Behavior

A: There is a difference between the legal system and ethical decisions, even though they are used most…

Q: Write a 1000 word essay on Gun Violence.

A: Gun-related violence will be violence dedicated with the utilization of a gun (firearm or little…

Q: How to imorove quality education in the Philippines

A: Over hundreds of years of colonial occupation, first by Spain and then by the United States, the…

Q: How many types of loans are available to Indian farmers?

A: There are three types of loans available to Indian farmers.

Q: ramifications /effects for Employees moving from the UK to Germany?

A: The countries in the European Union can trade freely between labour, capital, goods and services.…

Q: Discuss world organizations that assist companies in developing and abiding by global standards to…

A: Consumer security is the task of defending consumers of products and services, as well as the…

Q: What do you think is the importance of Ethics in your career?

A: Economic Development is the process of structural transformation. The performance of an economy also…

Q: issues and challenges of economic impacts of tourism

A: Tourism is the act and process of spending time away from home for recreation, relaxation, and…

Q: The meaning of Private Benefit of EDUCATION.

A: Private profit means the person has the chance to create a profit, or to use or be provided…