Which of the following about backstop technologies and nonrenewables is not true? select one:

a. a subsidy that decreases the price of a backstop will decrease the current price of oil, and consumption of oil will increase.
b. a backstop technology is a perfect substitute for non-renewable resource that can be produced in any amount at constant (usually high) price.
c. when the price of the non-renewable reaches the price of the backstop, we switch to using the backstop technology.
d. subsidizing renewables may have unintended consequence of pushing consumption of fossil fuels further into the future.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

In each of the cases below, assume division x has a product that can be sold either to outside customers or to division y of the same company for use in its production process. the managers of the divisions are evaluated based on their divisional profits. case a b division x: capacity in units 200,000 200,000 number of units being sold to outside customers 200,000 160,000 selling price per unit to outside customers $ 90 $ 75 variable costs per unit $ 70 $ 60 fixed costs per unit (based on capacity) $ 13 $ 8 division y: number of units needed for production 40,000 40,000 purchase price per unit now being paid to an outside supplier $ 86 $ 74 required: 1. refer to the data in case a above. assume in this case that $3 per unit in variable selling costs can be avoided on intracompany sales. a. what is the lowest acceptable transfer price from the perspective of the selling division? b. what is the highest acceptable transfer price from the perspective of the buying division? c. what is the range of acceptable transfer prices (if any) between the two divisions? if the managers are free to negotiate and make decisions on their own, will a transfer probably take place?