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Ethanol blended with gasoline can be used to power a "flex fueled' car. One particular blend that is gaining in popularity is E 85, which is 85 percent ethanol and 1b% gasoline. E 85 is 80% cleaner burning than gasoline alone, and it reduces our dependency on foreign oil. But a flex fueled car cost $811 more than a conventional gasoline fueled car additionally, E 85 fuel gets 10 percent less miles per gallon than a gasoline only. Consider 100% gasoline fueled car that averages 30 miles per gallon and a E 85 fueled car will average about 27 miles per gallon. If either car will be driven 90,000 miles before being traded in, how much will be E 85 fuel have to cost (per gallon) to make the flex field car as economically attractive as a conventional gasoline fueled car? Gasoline cost $3.11 per gallon. Work this problem without considering the time value of money. Provide answer precision to the nearest cent.
1. advertising is an important aspect of monopolistic competition and oligopoly becausea. there are significant
Now suppose there is another country called Lotech which has not seen the innovations in credit cards and ATMs that Hitech has. If the rate of money growth and the growth rate of real GDP were the same in Hitech and Lotech over this period, then h..
it is suggested that you review the recommended articles to glean any helpful information. in this discussion you will
1. using a prisoners dilemma game such as the wedding game. explain how a positional arms race can occur. in your
choose an industry you have not yet written about in this course and one publicly traded corporation within that
At what prices is the demand for the firm’s product price elastic? If the firm wants to maximize its dollar sales volume, what price must it charge?
Q#1Assume the demand curve for beer is given by P=11.7-2Q; the supply curve is given by P=Q.
1. What types of things do you need to consider if you want to change your default electives? What resources will you use to help you to make your decisions? 2. Are you satisfied with your default electives or do you think you should choose alterna..
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area How does the assignment of property rights af..
Good News, Inc., just announced an increase in its annual earnings, yet its stock price fell. This may be consistent with the efficient markets hypothesis. If the stock market is efficient in the semi-strong sense, there should be, on average, no inc..
A business cycle is the period of time in which ?
Good Grapes is selling grapes in a purely competitive market. Its output is 5000 pounds, which it sells for $5 a pound. At the 5000-pound level of output, the average variable cost is $4.00, the marginal cost is $4.25, and the average total cost i..
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