Demand for gasoline tab using the information

Assignment Help Business Economics
Reference no: EM13150912

The assignment is to determine the same information on the "Demand for Gasoline" tab using the information in the example of the "Demand for Jet Fuel" tab. Unfortunately, I do not have Excel and cannot figure out how to solve this using Open Office.

The directions indicate that Excel may need an extension for this, which can be retrieved by clicking "Excel Options - Add-Ins - Analysis Toolpack."

  Trillions of BTUs Price per Million BTU Billions of Dollars Millions
  Quantity Price GDP Population
Alabama 325.2 21.09 154.1 4,785
Alaska 34.8 27.17 45 714
Arizona 323.6 21.85 228.5 6,413
Arkansas 176.2 21.34 91.8 2,922
California 1,835.70 24.05 1,731.80 37,338
Colorado 260.8 21.35 235.2 5,048
Connecticut 184.7 22.99 211.3 3,575
Delaware 54.7 21.95 56.2 605
Dist. of Col. 12.7 23.08 90.7 605
Florida 998.3 21.17 673.4 18,839
Georgia 599.9 20.41 362 9,712
Hawaii 50.3 27.17 59.3 1,363
Idaho 82 23.01 50.7 1,571
Illinois 600.3 21.92 581.3 12,842
Indiana 369.6 21.18 245.4 6,491
Iowa 195.1 21.54 127.7 3,050
Kansas 146.1 21.39 114 2,859
Kentucky 272.9 21.9 144.6 4,347
Louisiana 280.4 21.2 195.2 4,545
Maine 83.2 22.85 46 1,327
Maryland 329.3 22.05 264.9 5,786
Massachusetts 344.3 22.17 342.1 6,555
Michigan 558.9 21.4 344.9 9,877
Minnesota 310.7 22.32 243.4 5,311
Mississippi 201.7 21.16 87.1 2,970
Missouri 392.4 20.9 217.3 5,996
Montana 60.2 22.91 31.8 991
Nebraska 103.8 22.13 79.7 1,830
Nevada 134 22.75 111.6 2,704
New Hampshire 88.5 22.19 54.6 1,317
New Jersey 517.6 21.26 438.7 8,800
New Mexico 110.9 22.01 72.8 19,395
New York 712.4 22.32 1,034.30 9,560
North Carolina 544.5 21.99 380.6 675
North Dakota 45.6 22.87 31.3 675
Ohio 618 22.01 426.1 11,538
Oklahoma 232.4 20.95 133.5 3,760
Oregon 187 23.33 166.7 3,838
Pennsylvania 633.9 22.54 505.9 1,053
Rhode Island 48.1 22.79 44 1,053
South Carolina 325.6 20.69 145.1 4,637
South Dakota 51.7 22.29 36.3 817
Tennessee 387.9 21.26 228.7 6,357
Texas 1,511.20 21.08 1,106.20 25,253
Utah 125.3 22.9 102.8 2,775
Vermont 40.5 22.96 23.1 626
Virginia 499.9 21.35 380.6 8,024
Washington 328.6 24.05 306.6 6,743
West Virginia 105.4 23.05 56 1,854
Wisconsin 313.9 22.63 221.3 5,692
Wyoming 40.1 21.45 34.4 565

Reference no: EM13150912

Questions Cloud

What is the cross price elasticity : What is the cross price elasticity with respect to good x? What does the sign of the coefficient tell  us? Interpret your results.
Ratio calculations : ratio calculations for  Current ratio for Plunkett Co. and for Herring Co,Acid Test ratio for Plunkett Co. and for Herring Co Accounts Receivable ratio for Plunkett  and for Herring Co
Three arguments used to promote : Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
A firm with monopoly : A firm with Monopoly in two markets and the same costs of serving them should charge a higher price in that market with a higher demand.
Demand for gasoline tab using the information : The assignment is to determine the same information on the "Demand for Gasoline" tab using the information in the example of the "Demand for Jet Fuel" tab. Unfortunately, I do not have Excel and cannot figure out how to solve this using Open Office.
The government budget is balanced : The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are$100. Investment is $600. Find equilibrium GDP
Ending baldwins balance in common stock be next year : Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year?
Current price of gasoline at the pump is $1 : Suppose the current price of gasoline at the pump is $1 per gallon and that 1 million gallons are sold per month. A politician proposes to add a 10¢ tax to the price of a gallon of gasoline.
Has the banks security interest attached : You sign a security agreement that describes the collateral. The bank does not file a financing statement. Has the banks security interest attached? If so, when?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd