the budget line for apples and oranges‚ with prices of $2 and $3 respectively and $60 to spend. Now increase the price of apples from $2 to $4 and draw the budget line. 9. Suppose that apples cost $1 each. Water can be purchased for 0.5 cents per gallon
Premium Consumer theory
in-store purchases are just a few incentives that big box retailers are offering consumers to keep him or her in the stores and these tactics seem to be paying off. Typical profit margins‚ for big box retailers‚ in gasoline average about 8% for each gallon of gas sold and are a far reach from corporate gasoline outlets before big box retailers entered the market. Markups of over 20% were once the norm for convenience outlets on gasoline‚ but profit margins have narrowed drastically as convenience stores
Premium Gasoline Filling station Supermarket
accounts. The federal gas tax was a mere penny per gallon and first came into effect in 1932 as a temporary charge. Nine years later‚ the gas tax became permanent through the Revenue Act of 1941 in order to help fund the war effort and increased by half a cent per gallon. In 1959‚ President Eisenhower raised the tax to four pennies per gallon to fund his creation of the interstate highway system. As of 2005‚ the federal gas tax alone is 18.4 cents on the gallon. Unfortunately‚ gas taxes are a necessary evil
Premium Taxation Taxation in the United States Petroleum
BUSINESS MATHEMATICS: ASSIGNMENT - “Section” 5.1‚ page 182. (1) Write the general form of a linear function involving five independent variables. (2) Assume that the salesperson in Example 1 (page 177) has a salary goal of $800 per week. If product B is not available one week‚ how many units of product A must be sold to meet the salary goal? If product A is unavailable‚ how many units be sold of product B? (3) Assume in Example 1 (page 177) that the salesperson receives a bonus when combined
Premium Variable cost Marginal cost Gasoline
Question 1 0 out of 2 points Product mix problems cannot have "greater than or equal to" (≥) constraints. Answer Selected Answer: True Correct Answer: False Question 2 0 out of 2 points Fractional relationships between variables are permitted in the standard form of a linear program. Answer Selected Answer: True Correct Answer: False Question 3 2 out of 2 points In a media selection problem‚ instead of having an objective of maximizing profit or minimizing
Premium Linear programming Soft drink Optimization
solution to obtain 120 gallons of 50% solution. Find the number of gallons of each solution. A. Define variables for the unknowns. (1 point) x=Gal of 70% solution‚ y=Gal of 40% solution B. Write a system of equations to model the problem. (4 points) .7x+.4y=.5(120) x+ y=120 C. Solve the system. (3 points) (40‚80) D. Give your answer in a complete sentence. (1 point) There were 40 gallons of the 70% solution and 80 gallons of the 40% solution‚ wich made the total gallons 120 and the end
Premium Tortilla
In “Weimar Cinema and After”‚ Thomas Elsaesser explains expressionism as not only the style of films created in the early 1920s‚ but as a “generic term for most of the art cinema of the Weimar Republic in Germany‚ and beyond Germany‚ echoing down film history across the periods and genres‚ turning up in the description of Universal horror films of the 1930s and film noir of the 1940s.” The influence that Elsaesser is referring to is of great importance to both film noir and horror films. This influence
Premium
for oil and gas drilling companies is in the shale‚ a soft layer of sedimentary rock broken apart by using a mixture of 98% water and 2% chemicals. These chemicals range from household cleansers to toxic chemicals‚ and is added to nearly 4 million gallons of water per drilling well. By using this mixture and pressure the shale is cracked releasing gas and oil reserves trapped inside. Fracking has been proven to cause earthquakes‚ producing a high of 4 on the Richter scale‚ toxic water supply‚ and
Premium Petroleum Water Natural gas
Whitney 1 Candace M. Whitney Professor Lynn McClelland English 101 22 February 2013 Living in Arizona vs. Living in Hawaii I was born and raised in Hawaii on the tiny island of Kauai where the misty rains fall daily‚ the grass is green all year around and the culture is rich in the spirit of aloha. Although living a life in Hawaii may seem wonderful and made in paradise‚ many locals make the tough decision to move away and Arizona has become the popular place to go. Arizona‚ with all its history
Premium English-language films Arizona United States
difference. Although‚ the Hybrid is quieter and economical‚ due to having a combined fuel intake. Yet‚ the sedan survives off of gas only. In contrast‚ the hybrid averages 40-43 miles per gallon in the city and 38-39 miles per gallon on the highway. Unlike‚ the sedan can norm 28 miles per gallon in the city and 35 miles per gallon on the highway. Equally‚ both vehicles have the same stylish look. Their iconic design appearance makes a statement of chicness to its owner. In like manner‚ they both are award
Premium Toyota Hybrid electric vehicle Internal combustion engine