There are flaws in Hubbert Peak Oil Theory. The model does not take into consideration: commodity prices political influence advancements in technology nonconventional reserves finite reserves 2.- What is the effect on the cost of production ($/unit electricity) if interest rate doubles? (while all other parameters remain constant) indeterminable no change cost decreases cost increases 3.- Which of the various leasing taxation systems distort optimal production profile? unit tax percentage tax on user cost rent tax accounting tax competitive bonus bidding work bidding royalty
There are flaws in Hubbert Peak Oil Theory. The model does not take into consideration: commodity prices political influence advancements in technology nonconventional reserves finite reserves 2.- What is the effect on the cost of production ($/unit electricity) if interest rate doubles? (while all other parameters remain constant) indeterminable no change cost decreases cost increases 3.- Which of the various leasing taxation systems distort optimal production profile? unit tax percentage tax on user cost rent tax accounting tax competitive bonus bidding work bidding royalty
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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7
Transcribed Image Text:There are flaws in Hubbert Peak Oil Theory.
The model does not take into consideration:
commodity prices
political influence
advancements in technology
nonconventional reserves
finite reserves
2.- What is the effect on the cost of
production ($/unit electricity) if interest rate
doubles? (while all other parameters remain
constant)
indeterminable
no change
cost decreases
cost increases
3.- Which of the various leasing taxation
systems distort optimal production profile?
unit tax
percentage tax on user cost
rent tax
accounting tax
competitive bonus bidding
work bidding
royalty
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