Develop model that determines your round-trip gasoline costs

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1. A couple on welfare purchases a car for $7,000.00. A few weeks later, they learn the same exact car sells for $3,000.00 at other local dealerships. They sue the dealer, claiming the deal should be void. Do you think they will win? Why or why not?

2. Have you been personally or professionally in the position in the making of a decision for a business concerning ‘what’, ‘how’, or ‘ for whom’? If so, explain your rationale for making such decisions. Explain the opportunity cost. Did you integrate faith into this decision progress?

3. Suppose you are going on a weekend trip to a city that is d miles away. Develop a model that determines your round-trip gasoline costs. What assumptions or approximations are necessary to treat this model as a deterministic model? Are these assumptions or approximations acceptable to you?

Reference no: EM132206976

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