Other things equal, extracting oil from shale becomes economically viable (as or less costly than using conventionally extracted oil) when oil prices reach _____ or more per barrel
A. $80
B. $60
C. $50
D. $40
Answer: C
You might also like to view...
To solve the principle agency problem, which of the following questions should you ask a. Who is making the bad decision?
b. Does the decision maker have all the relevant information? c. Does the decision maker have the incentive to make the right decision? d. All of the above
If the marginal cost is less than average total cost, average total cost will decrease
a. True b. False Indicate whether the statement is true or false
In a planned economy the concept of efficiency is
a. more important than in a market economy. b. less important than in a market economy. c. not important at all. d. as important as in a market economy.
Exchange rates change because of relative
A. Income, relative price, and relative interest rates of countries. B. Price changes but not relative interest rate changes. C. Interest rate changes but not relative income changes. D. Income changes but not relative price changes.