The average price of gasoline in Texas in the first week of January 2019 was about $1.875/gallon and the Texas consumption of gasoline that month was 45.216 million gallons. The average price of gasoline in Texas was about $2.188/gallon in the last week of January 2020. The elasticity of Texas gasoline demand is -0.27. By how much did gasoline consumption in Texas change between January 2019 and last month? What was Texas gas consumption last month?
The average price of gasoline in Texas in the first week of January 2019 was about...
9. The average price of gasoline in Texas in January 2018 was about $2.248/gallon and the Texas consumption of gasoline that month was 40.555 million gallons. The average price of gasoline in Texas was about $2.354/gallon last month (January 2019). The elasticity of Texas gasoline demand is -0.22. By how much did gasoline consumption in Texas change between January 2018 and last month? What was Texas gas consumption last month? ANSWER:
1. Last week, Cal sold an average of 4,000 gallons per day at an average price of $2.658 per gallon. This week, he raised the average price to $2.758 per gallon. His station is now selling an average of 3,600 gallons per day. Fixed costs of operating the gas station are $438 per day. What is the price...
The average price of gasoline in Texas is currently about $2.50/??????. Assuming gasoline has a density of 2.7??/?????? and a heat of combustion of 45 ??/?? please answer the following two questions. How much energy does one gallon of gasoline deliver in ??? What is the cost of energy from this gasoline in $/???
8. In March 2002 the retail price of gasoline was S1.19 per gallon-exactly the same as it was in August 1990. Yet total gasoline production and consumption rose from 6.6 million gallons per week in 1990 to 8.7 million gallons per week in 2002. Using the graph below, draw the appropriate shifts in the demand and supply curves to explain these two phenomena Price (S/gallon) S1990 D1990 Millions of gallons/week
ocx 7.3 KB) Lindley loves to drive but is very sensitive to the gasoline price of driving per mile. To compute the gasoline price of driving per mile, one simply divides the price of gasoline (per gallon) by the miles per gallon the car gets. At a gasoline price of 10 cents per mile, he will drive 600 miles per month. At a gasoline price of 20 cents per mile he will drive 300 miles per month. He currently owns...
please help with question #1. please use
% change in quantity divided by % change in price formula. thanks
for your help.
Cal Overhaut operates an ExxonMobil gas station franchise in Fitzhugh, MD. The price of gasoline is volatile and varies significantly from day to day. The price per gallon varies based on the seasonal blend of gasoline, which is determined by clean-air requirements. Cal's pricing options are based on the desired profit margin Conventional Gasoline Regular Spot Prices...
please help with question 1. please answer question in
table format. thank you
the website that was posted in the
scenario is attached showing the price of gas in ny harbor. please
help with question 1. Thanks
BICI DEL G H I Cal Overhaut operates an ExxonMobil gas station franchise in Fitzhugh, MD. The price of gasoline is volatile and varies significantly from day to day. The price per gallon varies based on the seasonal blend of gasoline, which...
Cal Overhaut operates an ExxonMobil gas station franchise in Fitzhugh, MD. The price of gasoline is volatile and varies greatly from day to day. The price per gallon varies based on the seasonal blend of gasoline, which is determined by clean-air requirements, and Cal's pricing choices are limited to the profit margin for his price. Base price of unleaded regular delivered in New York harbor (Sept 2018 060 Added cost to Cal: 0.335 0.184 0.090 0.030 He recently raised the...
please help with question 1
please help with question 2
thanks
A B C D E F G H I 23 24 1. Last week, Cal sold an average of 4,000 gallons per day at an average price of $2.749 per gallon. This 25 week, he raised the average price by 1 cent to $2.759 per gallon, and both revenues and profits dropped. 26 His station is now selling an average of 3,600 gallons per day. Fixed costs of operating...
Cal Overhaut operates an ExxonMobil gas station franchise in Fitzhugh, MD. The price of gasoline is volatile and varies greatly from day to day. The price per gallon varies based on the seasonal blend of gasoline, which is determined by clean-air requirements, and Cal's pricing choices are limited to the profit margin for his price Base price of unleaded regular delivered in New York harbor (Sept 2018) Added cost to Cal: Maryland state gasoline tax Federal gasoline tax Delivery Advertising...