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- What is Socio Cultural aspects of Manila when it comes to Transportation and Its Economy?Question 1 Figure 1: Daily spot crude oil prices ( Jan 2020 to Dec 2021) dollars per barrel (S/b) Oct 26 $86/D S90 S80 Brent West Texas S70 S60 Intermediate $50 Jan 4. 2021 $50/b $47/b $40 S30 S20 $10 Apr Jul Oct Jan 2021 Jul Oct Apr Jan 2020 Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year. Brent's 2021 annual average of $71/b is the highest in the past three years. The price of West Texas Intermediate (WTI) crude oil traced a similar pattern to Brent and averaged $3/b less than Brent in 2021. Source: Crude oil prices increased in 2021 as global crude oil demand outpaced supply - Today in Energy- U.S. Energy Information Administration…3. Dancaster Utilities is a natural monopoly which is in charge of supplying water to the city of Dancaster. Competitive price and quantity are 10 and 5. Monopoly price and quantity are 12 and 3. (a) Illustrate graphically and explain the welfare loss that takes place due to monopoly behaviour. (b) Explain and illustrate graphically which is the desirable regulated price that the local government should impose. (c) Which is the socially efficient level of output? (d) Illustrate graphically the case where the government regulates the price at too low a level. What will occur in the market? And regarding social welfare?
- Part d-ghelp please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all workingA big country with a good's demand described by P = 150 - 3Q and a good's supply described by P = 40 + 2Q implements a $8 tariff, which ultimately decreases the world price from $66 to $64. (a) Calculate the total surplus under each scenario: no trade, free trade, and protected trade. (b) Calculate the distortion loss that is created by the tariff. (c) Suppose the tariff led to an increase in the current account, while primary budget deficit and private saving both increased as well. What happened to the economy's investment?
- Is the demand for public transit more responsive to price changes or service quality changes? Discuss the implication to transportation policies.Write 2 wayseach to influence the demand and supply side of water management. Do you agree with the following? Why? (a)24*7 water supply is the best option for Indian cities. (b)Water should be priced at the market rate.1) How does market failure provide a justification for government intervention in tourism? 2) Why is community-based approach to tourism planning and why is it so difficult to implement? 3) To what extent are Dutton and Hall’s (1989) 5 mechanisms to achieve sustainable tourism development still relevant in the 21st century?
- 1. Visualize a diagrammatic situation involving the infant industry argument.Choose and answer only for two questions 1. Explain in detail on four theories of consumer behavior 2. Describe in detail the main characteristics of public goods5. The Corporate Average Fuel Efficiency standards a Increases revenue from gasoline taxes b Has increased the demand for cars and reduced the demand for light trucks c Increases the profit margins on luxury sport utility vehicles (SUVS) d None of the above