Business
Business, 12.07.2019 12:10, alexcuevaz90

Suppose you have been hired as a management consultant by a major oil company to it optimally price gasoline at its service stations. your client has requested that your consulting team expatiate on the factors that impact gasoline prices. one of the members of your team, debbie, states that she has noticed that gasoline prices seem to rise in years when a national league baseball team wins the world series.

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Business, 22.06.2019 04:00, brucewayne8499
Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.
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Business, 31.10.2019 03:31, joehelmy
Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. statement price control binding or not the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. price ceiling the government has instituted a legal minimum price of $3.40 per gallon for gasoline. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so.
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Business, 07.11.2019 00:31, achoward08
The language of price controls. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. statement price control binding or not the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. there are many teenagers who would like to work at gas stations, but they are not hired due to minimum-wage laws. binding the government has instituted a legal minimum price of $2.70 per gallon for gasoline.
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Mathematics, 09.11.2019 02:31, alyssavwil7499
The average gasoline price of one of the major oil companies has been hovering around $2.20 per gallon. because of cost reduction measures, it is announced that there will be a significant reduction in the average price over the next month. in order to test this belief, we wait one month, then randomly select a sample of 36 of the company's gas stations. we find that the average price for the stations in the sample was $2.15. the standard deviation of the prices for the selected gas stations is $.10. given that the test statistic for this sample is t = –3, determine the p-value.
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