Studies have fixed the short run price elasticity of demand for gasoline at the pump at -.20. suppose the international hostilities lead to a sudden cutoff of crude oil supplies. as a result, us supplies of refined gas drop 10 percent. if gasoline were selling for $2.60 per gallon before the cutoff, how much of a price increase would you expect to see in the coming months?

Suppose a ceiling fan manufacturer has the total cost function c(x) = 48x + 1485 and the total revenue function r(x) = 75x. (a) what is the equation of the profit function p(x) for this commodity? p(x) = (b) what is the profit on 35 units? p(35) = interpret your result. the total costs are less than the revenue. the total costs are more than the revenue. the total costs are exactly the same as the revenue. (c) how many fans must be sold to avoid losing money? fans

Which are the best examples of costs that should be considered when creating a project budget?

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false