Considering all the environmental effects of producing and consuming petroleum products‚ should people continue to drive gasoline-powered vehicles? Why or why not? Why driving gasoline-powered vehicles is neither sustainable nor compulsory Human activities‚ such as driving petrol-powered cars‚ are the major driver of global warming. As a result increasing temperatures endanger our health as well the ecosystems and cause increasingly common impacts such as record high temperatures‚ rising seas
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Microeconomics is the study of the choices that individuals and businesses make and the way these choices respond to incentives‚ interact‚ and are influenced by government. Microeconomics involves the analysis of how consumers make decisions about what to consume‚ how firms decide what and how much to produce‚ and how the interactions of consumers and firms determine how much of a good will be sold‚ and at what price. Many interesting questions can be approached by applying the methodology developed
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Internal economies of scale -- Savings in cost as firm expands. Created by firms’ own policies and actions. All must link back to lowering AC 1. Technical Economies of scale (Technical and engineering factors) • Factor indivisibility Economies • Make full use of large equipments • Economies arising from increased dimensions • Larger dimensions. Container principle>>Doubling of area more than doubles the volume • linked process economies • Takes a product through several stages of production‚ saves
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known for their long-term love affair with their cars. But as gasoline prices soar and concern about the environment mounts‚ the standard of living by ordinary people on a daily basis also become difficult; the need to conserve gasoline has become increasingly clear. What would it take to reduce the overall demand for gasoline in the United States most especially as we see it now? In order to reduce the overall demands for gasoline in America‚ I would propose for an alternative form of energy
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Efficient and effective policies to solving climate change Global warming is an issue that has recently been pushed to the forefront of political leaders debates and policy making. With temperatures at the end of the century that ‘might be up by anything from 1.1C to 6.4C’(Economist 2009) and the fact that ‘current average global temperatures are only 5C warmer than the last ice age’ (Economist 2009) there is some serious concern about the welfare of humans over the next century. However the predicament
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Question Explain briefly how macroeconomics is different from microeconomics. How can macroeconomists use microeconomic theory to guide them in their work‚ and why might the wish to do so? Please give examples. Introduction All economic problems arise from scarcity because human wants are unlimited but resources are limited. Economics the science of choice‚ it is talking about how individuals and societies make a choice from the scarcity. All economic choices can be summarized in three questions:
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In this article “Why the Gasoline Engine Isn’t Going Away Any Time Soon‚” Joseph B. White states that alternative energy cars could be the start of a revolution in the automaker world‚ however‚ complications interfere with the outcome. Although the author suggests different ideas on alternative vehicles‚ he contradicts himself numerous times while also lacking credibility of any sources. White’s main points relate to the automotive revolution. Environmentalists want car companies to determine how
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A QUEUEING SYSTEM STUDY FOR REFUELING SERVICE AT SHELL GASOLINE STATION OF MAHAYAG‚ ISABEL‚ LEYTE Undergraduate Thesis VISAYAS STATE UNIVERSITY Visca‚ Baybay City‚ Leyte‚ Philippines DENNIS RODADO ARAÑO Second Semester S.Y. 2009-2010 A QUEUEING SYSTEM STUDY FOR REFUELING SERVICE AT SHELL GASOLINE STATION OF MAHAYAG‚ ISABEL‚ LEYTE VISAYAS STATE UNIVERSITY Visca‚ Baybay City‚ Philippines DENNIS RODADO ARAÑO April 2010 VISAYAS STATE UNIVERSITY Visca‚ Baybay‚ Leyte 6521-A
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MicroEconomics Case Study 1 Cold War Relationship Between US and USSR What would happen if the larger country decided to increase military production? Explain your answer using the concepts of economic efficiency and opportunity costs. The Production Possibilities Frontier is best described as a line demonstrating the maximum level of production of one good for every production level of some other good. It is a graphical device used to illustrate the concepts of scarcity & how it necessitates
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Vertical Relationships and Competition in Retail Gasoline Markets: Empirical Evidence from Contract Changes in Southern California By JUSTINE S. HASTINGS* Since the late 1990’s‚ West Coast cities have consistently experienced substantially higher retail gasoline prices than other regions of the country. For example‚ for the rst week of August 1999‚ the price of reformulated gasoline in California was 39.6 cents higher than the average price in Gulf Coast States (about 10 cents of this difference
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