Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 190 Weeks Ago, 4 Days Ago |
Questions Answered: | 27237 |
Tutorials Posted: | 27372 |
MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
You operate a delivery service in your local area, but you are thinking of expanding to another market. You're concerned that you might need to set different prices in the new market because the cost of gas might be much different.
Identify 10 gas stations in your local area.
Record the price per gallon for each gas station.
Research supply and demand curves for gasoline.
Create an Excel® spreadsheet in which you do the following:
Determine whether the prices in your local area are higher or lower than the national average.
Create a 700-word proposal in which you include the following:
Cite a minimum of two scholarly references not including your text.
Click the Assignment Files tab to submit both your spreadsheet and proposal.
Request instructor assistance if you have questions concerning supply and demand curves and elasticities.
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Individual Assignment: Math in Economics
Purpose of Assignment
The Week 4 assignment explores some of the foundation skills needed for more economic driven courses. Students will take a general business scenario and use the basics of supply and demand to make business decisions. An in-depth knowledge of Economics is not needed to perform these graphs and this aid in understanding the connection between math and other areas.
Resources
Website: https://www.fueleconomy.gov/feg/gasprices/states
Grading Guide
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