Discuss the current low price of gas

Assignment Help Mathematics
Reference no: EM131580952

Question: Demand for cars (as opposed to SUVs, Crossovers, and Trucks) is currently very low. This is caused in large part by the current low price of gas. Assume you drive 40 miles round trip each day to work. Also assume that you currently drive an older small car that enjoys 30/mpg. Your old car needs to be replaced and you can now afford a new and nicer car. You prefer a bigger vehicle that sits higher. Would you buy a bigger SUV/Crossover/Truck that averages 23/mpg or a car that averages 36/mpg? Explain how your decision is impacted by your estimates of what will happen to the factors that will affect gas prices in the future. Do not discuss consideration outside of gas price considerations.

Reference no: EM131580952

Questions Cloud

Complete a draft of the persuasive sales letter : Complete a draft of the persuasive sales letter, It's your chance to sell that amazing product or service
What is anle expected dividend yield : Anle Corporation has a current price of $13, is expected to pay a dividend of $2 in one year, What is Anle's expected dividend yield
What are the sources of information that you will use why : What are the sources of information that you will use? Why? What are the critical questions that you need to have answered? Provide at least five such question?
What price must you expect evco stock to sell : What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price
Discuss the current low price of gas : Demand for cars (as opposed to SUVs, Crossovers, and Trucks) is currently very low. This is caused in large part by the current low price of gas.
Family therapy concepts exist to help therapists understand : What family therapy concepts exist to help therapists understand and deal with the family norms of the 21st century?
Explain the importance of situating a society''s cultural : Explain the importance of situating a society's cultural and artistic expressions within a historical context.
What is expected rate of return : Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $1.85 at the end of the year. what is the expected rate of return?
Explain how corridor amortization works : Question - Explain how corridor amortization works. How does it affect recognition of annual gains and losses

Reviews

Write a Review

Mathematics Questions & Answers

  Draw the hasse diagram of the divisibility relation

Explain how to construct the Hasse diagram of a partial order on a finite set.

  Are the conditions for testing the hypothesis satisfied

Was the class effective? Use the alpha=.10 level of significance. Use the classical method to solve.

  How should ticket prices be set so as to maximize revenue

the average attendance rose to 33,000. Find the demand function, assuming that it is linear. How should ticket prices be set so as to maximize revenue?

  Describe the possible lenghts of a side

The perimeter of a rectangle is 56 feet. Describe the possible lenghts of a side if the area of the rectangle is not to exceed 115 square feet.

  What dimensions will minimize the amount of material

An aquarium is to be made in the shape of a rectangular solid with a square base and an open top. The volume of the aquarium is to be 108 cubic inches. What dimensions will minimize the amount of material needed to build it?

  Estimate mean mode and median estimate mean absolute

for randomly selected mombasa residents the number of times they visit a clinic frequency distributions was obtained as

  Whatnbsp aboutnbsp exponentiation find all solutions in

addition of real numbers is associative a b c a b c. so is multiplication abc abc. but not every operation

  Depict some typical supply curve

some appropriate equilibrium price. Label the horizontal axis as x and the vertical as p. Shade in the area which represents the producer's surplus.

  Which of the second plots could not always be generated from

Given the first type of plot indicated in each pair, which of the second plots could not always be generated from it?

  Indicate the domain and range of the inverse function

Indicate the domain and range of the inverse function. Compare the domain and range of f(x) and the inverse of f(x) what statement can be made about them?

  Expressions with uncommon denominators

Add or subtract two rational expressions with uncommon denominators. In your own words, explain the process you use to find the least common denominator for the two rational expressions in your example.

  Maximize the profit

In your computer store you make $1012 per computer sold. Your costs are given by the equation C(x) = 4x^2+4x-80, where x is the number of computers sold. How many computers should you sell to maximize the profit?

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