User Account

All Pages

A producer of synthetic motor oil for automobiles and light

Assignment Help Microeconomics
Reference no: EM13377699

A producer of synthetic motor oil for automobiles and light trucks has made the following statement: "One quart of Dynolube added to your next oil change will increase fuel mileage by one percent. This one-time additive will improve your fuel mileage over 53,656 miles of driving." Assume the company's claim is correct. How much money will be saved by adding one quart of Dynolube if gasoline costs $3.00 per gallon and your car averages 20 miles per gallon without the Dynolube?

Reference no: EM13377699

Questions Cloud

Mrs seigal has two alternative activities to help relieve : mrs seigal has two alternative activities to help relieve her backache. in the first she can visit a physiotherapist.
A manufacturing plant is planning to replace outdated : a manufacturing plant is planning to replace outdated equipment with more energy-efficient and environmental-friendly
A manufacturing company leases a machine for 31812 per year : a manufacturing company leases a machine for 31812 per year. each unit produced costs 36 in labor and 72 in materials.
According to the national bureau of economic research a : according to the national bureau of economic research a poor family is the one whose income falls below one-half of the
A producer of synthetic motor oil for automobiles and light : a producer of synthetic motor oil for automobiles and light trucks has made the following statement one quart of
Te fixed cost for a steam line per meter of pipe is 450x : the fixed cost for a steam line per meter of pipe is 450x 50 per year. the cost for loss of heat from the pipe per
The world price of zinc has increased to the point where : the world price of zinc has increased to the point where moth balled zinc mines in east tennessee have been reopened
A company produces an electronic timing switch that is used : a company produces an electronic timing switch that is used in consumer and commercial products. the fixed cost cf is
A night vision goggle manufacturer is evaluating a : a night vision goggle manufacturer is evaluating a make-versus-purchase situation for a component used in its

Reviews

Write a Review

Microeconomics Questions & Answers

  Why is asias economic size so much smaller

1. Why is there such a difference in Asia's share of global real GDP, depending on whether the computation uses purchasing power parties or exchange rates 2. Why is Asia's "economic size" so much smaller on a per capita basis than on an absolute ba..

  What difference in fees was to compensate for inequalities

The Wall Street Journal once reported on dating services, noting that the fees were $300 for men and $250 for women. The owner of the service said the difference in fees was to compensate for inequalities in pay scales for men and women

  How are production limits used in practice to raise the

Suppose the government regulates the price of a good to be no lower than some minimum level. Can such a minimum price make producers as a whole worse off? Explain.

  When is an exceptionally large crop causes farmers income

Could someone please explain this I think it means that because of the large crop, farmers' incomes will fall because of the increase supply per farmer. Prices would then have to be competitively low to sell due to the high supply and as such the ..

  Current economic theory

Current economic theory and their application or lack of application to contemporary economic problems

  Plot the growth rate for techistan and growthistan

Compare the two graphs for GNP for Techistan and Growthistan. What is the difference in the final value of GNP for each country and Plot the growth rate for Techistan and Growthistan on one plot.

  Produce the profit maximizing level of output and therefore

Produce the profit maximizing level of output and therefore there will be no deadweight loss associated with this production.

  Mutual interdependence in oligopolies

Describe the meaning of the term "mutual interdependence" as it applies to oligopolies. Provide an example.

  Draw the budget constraint for a world

Draw the budget constraint for a world with both fixed time costs and fixed money costs of working. What is the effect of fixed costs on the reservation wage?

  1 cinema theater has estimated the following demand

1. cinema theater has estimated the following demand functions for its moviesdaytime demand qd 400 - 50 pdnbsp

  How many units will be traded at a price

The market for DVD’s has a supply and demand curve P’= 2Qs and P=42-Qd a. How many units will be traded at a price of $35? At $14? Which participants will be dissatisfied at these prices?

  Discuss competitive supply and profit maximization

A number of stores offer film expanding as a service to their consumers. Assume that each store that offers this service has a cost function C(q)=50+0.5q+0.08q2 .

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd