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Bus 100 Creating Graphs Students Guide

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This is a comprehensive and detailed student guide on creating graphs to reach equilibrium for Bus 100. *Essential and Valuable Study Material!!

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  • October 10, 2024
  • 4
  • 2022/2023
  • Other
  • Unknown

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Summary
In this assignment, you will create two graphs and answer questions about Bond's Gym, the business you
are supporting.


Assignment Instructions

1. Gather materials and necessary information.

a) Ask your teacher which word processing software you will be using.

b) Keep your lesson and assignment open in case you need to review what you have learned.

2. Read and follow each set of instructions carefully.

a) To create each graph, insert shapes and textboxes using your word processing software. To do
this in Microsoft Word®:
i) Click on the “Insert” tab
ii) Click on “Shapes” in the “Illustrations” section, and select a line or arrow shape
iii) Use the mouse cursor to draw the line or arrow on the graph

b) If you are using different word processing software, be sure to ask your teacher if you aren’t sure
how to accomplish this.

c) Make sure you complete the questions on each page.


Section 1: Supply and Demand Curves

The owner of Bond's Gym has paid you to carry out a survey of potential customers. You asked 600
potential customers what price they would be willing to pay to join the gym. Then, the owner provided
you data about the number of customers that can be admitted as members at each membership price.

This allowed you to create a combined supply and demand schedule for Bond's.


Supply and Demand Schedule
Membership Price Membership Applications Memberships Available
$0 600 0

$15 450 100

$30 300 200

$45 150 300

$60 0 400

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