Business, 14.02.2020 04:25 garciagang0630
According to a report from the Foundation for Taxpayer and Consumer Rights, gasoline costs twice as much in Europe as in the United States because taxes are higher in Europe. However, the amount per gallon net of taxes that U. S. consumers pay is higher than that paid by Europeans (24 per gallon net of taxes). The report concludes that "U. S. motorists are essentially subsidizing European drivers, who pay more for taxes but substantially less into oil company profits". Source:(Tom Doggett, "US Drivers Subsidize European Pump Prices," Reuters, August 31, 2006) Given that oil companies have market power and can price discriminate across countries, is it reasonable to conclude that U. S. consumers are subsidizing Europeans? Arguing that U. S. consumers are subsidizing gasoline for Europeans is a. not reasonable because the two groups are independent of each other. b. not reasonable because the two groups of consumers have no market power. c. reasonable because reselling gasoline has high transaction costs. d. not reasonable because the monopoly cannot distinguish between the two groups. e. reasonable because gasoline between the two groups can be resold.
Answers: 2
Business, 21.06.2019 21:00
The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.
Answers: 1
Business, 22.06.2019 14:40
Increases in output and increases in the inflation rate have been linked to
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Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
Business, 22.06.2019 20:00
River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%
Answers: 3
According to a report from the Foundation for Taxpayer and Consumer Rights, gasoline costs twice as...
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