am. 126. 3) An oil well is currently producing under the following circumstances:Working Interest = 60%, Royalty = 22.5%, Severance Tax (both oil and gas) = 6%, Oil Price =$50/STB, Gas Price = $3.20/MCF, GOR = 1000 SCF/STB, Gross Operating Expenses = $12,500/Mo.a. Determine the current economic limit of the well in STB/M.b. If oil prices dropped to $40/STB, determine the new economic limit of the oil well inSTB/M.

The objective of the question is to determine the economic limit of an oil well under two different…

Answered: 3) An oil well is currently producing…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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how to calulate the fixed overhead spending variance?
R(p) = pN(p).| Bob is currently selling tires for 60 dollars each. His weekly sales are running at 130 tires per week, so N(60) = 130. His marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so N'(60) = -0.2. Estimate Bob's increase in weekly revenue for each one dollar increase in tire price. Revenue increase =1 dollars
'0.1×1502+0.2×1002+0.3×502' mean is '0.1×1502+0.2×1002+0.3×502 = 2250 + 2000 + 750' or '0.1×150×2+0.2×100×2+0.3×50×2 = 30 + 40 + 30' ?
Test Bank 6.33 A human is an example of a reservoir. Select an answer and submit. Por keyboard navigation, use the up/down arrow keys to select an answer a True b False
2. only
Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?
No chatgpt used i will give 5 upvotes typing please
Use the following data to answer the next question. Output 10 20 30 arch 40 50 60 70 80 90 100 ATC-A $6 5 4 5 7 10 14 19 25 32 Multiple Choice ATC-B $13 9 6 4 3 A 5 7 10 16 e ATC-C $44 35 27 20 The letters A, B, and C designate three successively larger plant sizes. In the long run, the firm should use plant size "A" for the production of E 14 11 8 6 5 7 (?)^1

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