Many changes are affecting the market for oil. Predict how each of the following events will affect the equilibrium price and quantity in the market for oil. In each case, state how the event will affect the supply and demand diagram. Create a sketch of the diagram if necessary. 5. a. Cars are becoming more fuel efficient, and therefore get more miles to the gallon. b. The winter is exceptionally cold. c. A major discovery of new oil is made off the coast of Norway. d. The economies of some major oil - using nations, like Japan, slow down. e. A war in the Middle East disrupts oil - pumping schedules. f. Landlords install additional insulation in buildings. g. The price of solar energy falls dramatically. h. Chemical companies invent a new, popular kind of plastic made from oil.

The Siler Construction Company is about to bid on a new industrial construction project. To formulate their bid, the company needs to estimate the time required for the project. Based on past experience, management expects that the project will require at least 24 months, and could take as long as 48 months if there are complications. The most likely scenario is that the project will require 30 months. a. Assume that the actual time for the project can be approximated using a triangular probability distribution. What is the probability that the project will take less than 30 months? b. What is the probability that the project will take between 28 and 32 months? c. To submit a competitive bid, the company believes that if the project takes more than 36 months, then the company will lose money on the project. Management does not want to bid on the project if there is greater than a 25% chance that they will lose money on this project. Should the company bid on this project?

Pls do fast ..i will like for sure Try to answer in typed form Consider the following natural resources investment opportunity: there is a piece of land and you have information that it has underground natural gas reserves. However, you do not know how large the reserves are. You are offered to purchase the land (including the right to extract and sell the natural gas) for $20 million. If purchased, you can send your geological exploration team in order to investigate the size of the gas reserves which will cost $2 million upfront and take one year. After the investigation, you will know whether the reserves are large or small. Your geological advisor estimates that the chances for a large gas field are 40%. If the reserves are large, building production facilities will cost $10 million. If the reserves are small, building production facilities will only costs $2 million. Building the production facilities will take 1 year before the first gas can be extracted. Assume that the large…

A solar sea power plant (SSPP) is being considered in a North American location known for its high temperature ocean surface and its much lowerocean temperature 100 meters below the surface. Power can be produced based on this temperature differential. With high costs of fossil fuels, this particular SSPP may be economically attractive to investors. For an initialinvestment of $100 million, annual net revenues are estimated to be $15 million in years 1–5 and $20 million in years 6–20. Assume no residual market value for the SSPP. Solve, a. What is the simple payback period for the SSPP? b. What is the discounted payback period when the MARR is 6% per year? c. Would you recommend investing in this project?