Oil rises above $103 ahead of Iran nuclear talks Published: Thursday‚ 12 Apr 2012 | 5:43 AM ET SINGAPORE - Oil prices rose above $103 a barrel Thursday in Asia as traders looked to negotiations this weekend over Iran’s nuclear program. Benchmark oil for May delivery was up 42 cents to $103.12 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.68 to settle at $102.70 in New York on Wednesday. Brent crude for May delivery
Premium Supply and demand Nuclear program of Iran Petroleum
UNIT 4 PROJECT Reflecting on Sources April Teague Kaplan University CM220- 21 College Composition June 3‚ 2013 UNIT 4 PROJECT
Premium Employment Clinic
THAT PROTECTS THE USE OF BUSINESS INFORMATION. DATA PROTECTION ACT 1998: Many business and shops have information about people. This act protects the information held about them to be misused. FREEDOM OF INFORMATION 2000: this act provides individuals the right to request information from a public authority. The public authority has to inform the applicant if they have the information which must be sent within 20 working days. COMPUTER MISUSE ACT 1990: this is a law that goes against certain
Premium Business ethics Protection Ethics
Unit 4 Project November‚ 30‚ 2010 Unit 4 Project Identify and explain the different types of cost estimates: Estimate type | Definition | Rough order of magnitude (ROM) estimate | A ROM estimate is based on high-level objectives‚ provides a bird’s-eye view of the project deliverables‚ and has lots of flexibility. Most ROM estimates‚ depending on the industry‚ have a range of variance from –50% all the way to +100%. This estimate is typically done very early in a project or even
Premium Project management Management Project
Fundamentals of Microeconomics In the world today product and services are both key to the survival of mankind. Depending on the demand from consumers‚ companies will see an increase or decrease of the items they produce or the service rendered. In the article of trends in US gasoline and ethanol use and petroleum production and imports these items will be looked at; as well as a discussion of the fundamentals of microeconomics. First‚ in order to understand what the fundamentals of microeconomics are
Premium Supply and demand Economics Elasticity
Practice Test # 3 Useful formulas/expressions: (1) MPC = ∆ C / ∆ DI or ∆ C / ∆ YD & MPC + MPS = 1 (2) Exp. Multiplier = 1/(1-MPC) ∆GDP = Exp Mult. * ∆AE (3) Δ AE = Δ Income * MPC (4) DD Multiplier = 1/rrr ∆DD = DD Mult. * ∆Reserves Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Long-run full-employment equilibrium assumes: a. a downward-sloping production function. b. a downward-sloping long-run supply curve (LRAS)
Premium Monetary policy Supply and demand Aggregate demand
retail bank overcomes the limitations of thirty-year-old "legacy" microeconomics systems to launch a high-tech operation that offers its customers a complete range of banking services over the telephone. Another bank is able to roll out‚ within three months of an acquisition‚ information systems that deliver the same level of service to all customers at all branches‚ new and old. (Richard 2002‚ 177) For these companies‚ Microeconomics has genuinely become an enabler of change that boosts competitive
Premium Management Bank Economics
fully employed. 4. The resources are efficiently employed. 5. The resources are not equally efficient in production of all products. Thus if resources are transferred from production of one good to another‚ the cost increases. In other words marginal opportunity cost increases. The last assumption needs explanation because it determines the shape of the PP curve. If this assumption changes‚ the shape changes. Efficiency in production means productivity i.e. output per unit of an input. Let
Premium Economics Analytic geometry Derivative
slope downwards‚ while the demand curve for the individual firm is flat or perfectly elastic‚ reflecting the fact that the individual takes the market price as given. The difference in the slopes of the market demand curve and the individual firm ’s demand curve is due to the belief that each of the individual firms is small in size. No matter how much output one company provides‚ it will not be able to affect the market price. Note that the individual firm ’s equilibrium quantity of output will be
Premium Economics Supply and demand Monopoly
as good for a consumer as a sales tax that collects the same revenue from him. 4. Sharon spends all of her income on peaches and strawberries. Peaches are a normal good for her. Her income increased by 20 percent and prices did not change. Her consumption of strawberries could not have increased by more than 20 percent. 5. Beatrice has the utility function U(x ‚y)= min{x ‚y}. The price of x used to be 3‚ but rose to 4. The price of y remained at 1. Her income is 12. The price increase was as bad
Premium Marginal cost Cost Economics