Estimate the likely impact of an increase in gasoline prices

Assignment Help Civil Engineering
Reference no: EM13879877

An increase in gasoline prices from $1.00 to $1.30 per gallon resulted in a decrease of automobile use from 1,000,000 to 960,000 trips. Estimate the likely impact of an increase in gasoline prices from $1.30 to $1.50. Solve this problem using three alternative measures of elasticity.

Reference no: EM13879877

Questions Cloud

Prove the given equations : Prove the given equations : 1+cot2θ/(1+cos ecθ)=cos ecθ
Explain the importance of morality in public administration : Explain the importance of Morality in Public Administration. Provide 2 recent positive examples of Public Administration events. Define and Describe the Roles and Functions of Public Administration.
Examine the benefits of obtaining a professional : From the eActivity, examine the benefits of obtaining a Professional in Human Resources (PHR) certification and / or a Senior Professional in Human Resources (SPHR) certification. How important are these certifications in regard to an HR employee'..
Identify the six financial matters that must be certified : Identify the six financial matters that must be certified by a company top officers under the requirements of Section 302 of the Sarbanes Oxley Act.
Estimate the likely impact of an increase in gasoline prices : An increase in gasoline prices from $1.00 to $1.30 per gallon resulted in a decrease of automobile use from 1,000,000 to 960,000 trips. Estimate the likely impact of an increase in gasoline prices from $1.30 to $1.50. Solve this problem using three a..
To provide additional incentive for managerial achievement : 1.On October 1, 2013, Farmer Fabrication issued stock options for 100,000 shares to a division manager.
Discuss the core drivers of globalization as identified : Discuss the core drivers of globalization as identified by Dye & Stephenson
How has the sarbanes oxley act increased the importance : How has the Sarbanes Oxley Act increased the importance of audit committees in the corporate governance process?
How can internal auditors maintain independence : How can internal auditors maintain independence, since they are employees of the company?

Reviews

Write a Review

 

Civil Engineering Questions & Answers

  Find speed and direction of each section relative to earth

A two stage rocket with a total mass of 925kg is traveling at a speed of 6.6 10^3 m/s away from the earth . A predesigned explosion separates into two sections of equal mass that move with a speed of 2800m/s relative to each

  Find out the magnitude of the contraction scour

Bridge scour, Determine the magnitude of the contraction scour depth given the following information about the channel and bridge

  How was the amount in cell e22 determined

Assume the data above was a pre-tax cash flow what would be the effect on the cash flow data ONLY as a result of the depreciation only: if you were allowed to use the SL depreciation method for 50 years?

  Determining the velocity of motor having constant power

A constant power of 1.5 hp is supplied to the motor while it operates with an efficiency of ε = 0.8. Determine the velocity of the 200-lb crate in 15 seconds, starting from rest. Neglect friction.

  Determine the softening point of bitumen

Determine the softening point of bitumen within the range 30 to 157°C by means of the Ring-and-Ball apparatus - discussion for softening point of bitumen 7.5oC

  Determine the maximum radius r

Determine the maximum radius R (to the nearest 10m) so that there are at least 200m of tangent between the two curve systems and determine the Pl, ST., and CPI stations

  Explain how ductility may be accomplished

A cylindrical rod of 1040 steel originally 15.2 mm (0.60 in.) in diameter is to be cold worked by drawing; the circular cross section will be maintained during deformation.

  How much will be in the account at the end of 5 years

If you deposit $1000 per month into an investment account that pays interest at a rate of 6% per year, compounded quarterly, how much will be in the account at the end of 5 years

  Determine the range of values for the probability

The current price of a company stock is $20.The company is a takeover target.If the takeover is successful.the company's stock price will increase to $30.If the takeover is unsuccessful.the stock price will drop to $12.

  Determine the minimum elevation difference across channel

A 2 m diameter semicircular channel made of brickwork is to transport water to a distance of 1.7 km uniformly. If the flow rate is to reach 200 m3/min when the channel is full, determine the minimum elevation difference across the channel.

  What is min sight distance that should be provided on road

f the design speed of a multi-lane highway is 60 mph, what is the minimum sight distance that should be provided on the road if (a) the road is horizontal and (b) the road has a maximum grade of 5 percent

  Construct a v-t graph and an a-t graph at time interval t

A particle begins from s=0 and is traveling along a straight path at a velocity of v=(t^2-4t+3) m/s, where t is in seconds. Construct a v-t graph and an a-t graph at the time interval t=0 to t=4 s.

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