the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy Concept Introduction: Gross Domestic Product : It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year. Export: It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade . If export is more, then balance of trade is a surplus. (a) The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

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Answer 1

Question

Chapter 5, Problem 12P

To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

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Problem 3 You are given the following demand for European luxury automobiles: Q=1,000 P-0.5.2/1.6 where P-Price of European luxury cars PA = Price of American luxury cars P, Price of Japanese luxury cars I= Annual income of car buyers Assume that each of the coefficients is statistically significant (i.e., that they passed the t-test). On the basis of the information given, answer the following questions 1. Comment on the degree of substitutability between European and American luxury cars and between European and Japanese luxury cars. Explain some possible reasons for the results in the equation. 2. Comment on the coefficient for the income variable. Is this result what you would expect? Explain. 3. Comment on the coefficient of the European car price variable. Is that what you would expect? Explain.

Problem 2: A manufacturer of computer workstations gathered average monthly sales figures from its 56 branch offices and dealerships across the country and estimated the following demand for its product: Q=+15,000-2.80P+150A+0.3P+0.35Pm+0.2Pc (5,234) (1.29) (175) (0.12) (0.17) (0.13) R²=0.68 SER 786 F=21.25 The variables and their assumed values are P = Price of basic model = 7,000 Q==Quantity A = Advertising expenditures (in thousands) = 52 P = Average price of a personal computer = 4,000 P. Average price of a minicomputer = 15,000 Pe Average price of a leading competitor's workstation = 8,000 1. Compute the elasticities for each variable. On this basis, discuss the relative impact that each variable has on the demand. What implications do these results have for the firm's marketing and pricing policies? 2. Conduct a t-test for the statistical significance of each variable. In each case, state whether a one-tail or two-tail test is required. What difference, if any, does it make to…

Answer 2

Question

Chapter 5, Problem 12P

To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 5, Problem 12P

To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 5, Problem 12P

To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 5, Problem 12P

To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

Answer 6

Chapter 5, Problem 12P

To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

Answer 7

Chapter 5, Problem 12P

To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

Answer 8

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

Answer 9

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

Answer 10

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

Answer 11

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

Answer 12

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

Answer 13

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 5.A - Prob. 1P Ch. 5.A - Prob. 2P Ch. 5.A - Prob. 3P Ch. 5.A - Prob. 4P Ch. 5 - Prob. 1QFT Ch. 5 - Prob. 2QFT Ch. 5 - Prob. 3QFT Ch. 5 - Prob. 1P Ch. 5 - Prob. 2P Ch. 5 - Prob. 3P

(b) The effect of the export terminal development on the demand for natural gas in the United States.

(c) The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

(d) The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

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Chapter 5 Solutions

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.