Tag Archives: campanilium

How much more profit do you make in year 0 with this new technology compared to the profit made in year zero in part (b)?

ECON 456 San Diego State University Questions 1. Suppose you run a small oil well on the Western slope of Colorado. Your production is very small relative to that of the world and thus your production decisions do not impact the world price of oil. You have a stock of 1,200 barrels of crude underground […]