Between taxes and market changes

Assignment Help Basic Computer Science
Reference no: EM131766873

Sean's Shell service sells gasoline. At the current prices of approximately $2.50 per gallon, Suckin' Sam buys 100 gallons of fuel per month. If between taxes and market changes, the price of gas goes up to $5.00 per gallon, Suckin' Sam will only buy 90 gallons of fuel. What is his elasticity? Is it elastic or inelastic?

Reference no: EM131766873

Questions Cloud

What is his marginal tax rate on given income : What is his marginal rate if, instead, he had $48,250 of additional deductions
Probability that the average amount spent : What is the probability that the average amount spent on Black weekend from this sample was less than $500?
Determine the strength of the pieces of wood : Good wood? A lab supply company sells pieces of Douglas fir 4 inches long and 1.5 inches square for force experiments in science classes.
Basic keynesian formula multiplier : Generally, does the basic Keynesian formula multiplier (regardless of the model) tend to overstate, understate, or depict accurately the impact of fiscal.
Between taxes and market changes : If between taxes and market changes, the price of gas goes up to $5.00 per gallon, Suckin' Sam will only buy 90 gallons of fuel. What is his elasticity?
Discuss what were the total cost and book value of property : What were the total cost and book value of property, plant, and equipment at September 27, 2014
Explain distributions as the degrees of freedom increase : When constructing confidence intervals for a population mean, we almost always use critical values from a t distribution rather than the standard Normal.
Business benefits for object orientated programming : What is the difference between polymorphism, inheritance and encapsulation?
The advance for one-year subscriptions to a monthly magazine : advance for one-year subscriptions to a monthly magazine. A liability account was credited to record this cash receipt

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Simple class definition and then provide the syntax

Provide a simple class definition and then provide the syntax and the rationale for declaring an array of objects of the class. Also explain the dimension of the array and why you chose that number of elements for the object array.

  Does the internet require governance

Do you agree that a monolithic body of Internet governance is necessary or desirable? Justify your answers.

  Construct a bitmap index on the attribute salary

Consider a query that requests all instructors in the Finance department with salary of 80000 or more. Outline the steps in answering the query, and show the final and intermediate bitmaps constructed to answer the query

  Kind of vulnerabilities might they exploit

Consider a program to display on a local retail store's website that includes the city's current time and temperature. In your opinion, who might want to attack the program? What types of harm might they want to cause? What kind of vulnerabilities..

  What is concurrency control

What is Concurrency control? Describe the type of concurrency control and its use.

  How can she increase the number of files

A Microsoft Word user noticed that another user in her department has more than four files listed in the recently used files list in the Files pull-down menu. How can she increase the number of files listed on her computer

  Short java code example

Instructions for HW: Provide your own short Java code example that uses a For or While loop. Be sure to test and describe what your code is doing.

  Signed-magnitude representations binary numbers in computers

Why do we require signed-and-magnitude representations of binary numbers in computers? Represent decimal values: -37, -54, and 56 in binary by using signed-and magnitude representation.

  Troubleshooting resources

Troubleshooting Scoring Guide. Write a 2-3 pages paper in which you consider the following:

  Advantages in retrieving data from a database

what are the advantages in retrieving data from a database rather than hand-coding it into an HTML file? Are there any disadvantages?

  Probability of getting an a in a particular course

Suppose that the probability of getting an A in a particular course is 0.08, and assume that the all student grades are independent. If you randomly sample 20 students taking the course (a) Find the expected number of students that will get an A, ..

  Determine the worst case time complexity for each method

Modify the binary search algorithm to find the position of the first occurrence of a value that can occur multiple times in the ordered list. Verify your algorithm is still O(log n).

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