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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.
How do costs play into your everyday life For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate? Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)
Wise politicians would therefore be advised not to meddle and attempt to affect the economy cycles with discretionary monetary and fiscal policies.
assume that you are going to open up a lemonade stand. you have savings in cash of 100 to begin your venture. you
there is significant disagreement whether a dependable positive correlation relationship exists between incentive pay
Describe an experience that you had working on a team. As part of your response discuss how the team was evaluated.
Consider a portfolio of three assets (A,B,C). Denote the expected returns on each asset as rA; rB; rC, respectively. Denote variances and covariance similarly. Suppose the investor will accept a maximum portfolio variance of X.
What are the ethical issues in this case? Who are the stakeholders and how are they impacted by this situation? Do you agree with Feinberg’s assertion that “you have to draw the line somewhere?”
Discuss the pros and cons, for returning to the gold standard. Provide the positive and negative effects of reversing the current policy.
A firm sells in a competitive market in which price is $10. Its marginal cost is 2 + .5Q. Find out the profit-maximizing level of output.
in 2-3 pages summarize the differences between tax financing and bond financing and thinking like an economist and not
The demand curve demonstrate that price and quantity are inversely related. Briefly describe two justifications for this relationship. The supply curve demonstrate a positive relationship between price and quantity supplied.
explain how an active policy differs from a passive policy. how does monetary policy affect aggregate demand in the
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