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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.
What are some of the challenges faced by marketers as they attempt to define their target markets How necessary is it to fine-tune your Marketing Plan so that your target market is clearly defined and measurable
Suppose the marginal costs of production for a company is $6 at its current production levels. suppose the price elasticity of demand is constant at -2 between the prices of $10 to $15, if the current prices are $10 is the company pricing at the corr..
Many factors determine the supply and demand for labor. Identify and explain two factors that would increase or decrease the demand for labor. Identify and explain two factors that would increase or decrease the supply of labor.
explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
suppose there are two technologies that can be used for irrigation. flood irrigation is relatively inefficient. for
Implement to support a stronger economic recovery
Evaluate this statement: " profit-maximizing firms lack an incentive to provide job safety, and consequently, the federal government must intervene legislatively to protect workers against unsafe working conditions that will surely result."
Assume Labor is the Variable Input. Capital and Land are the inputs which requires the longest time period before they can be adjusted. Explain the movement of the resources in both SHORT RUN and LONG RUN
Determine what changes (if any) in the relative proportions of labor and materials are needed to operate efficiently
What are some of the advantages, disadvantages to Replacing the Canadian personal income tax system with consumption tax: benefits and challenges.?
Determine the least cost size and number of the milk processing plant using the equation and Derive the marginal cost for the two products 1&2 and show that it is a constant.
The difference in prices for each of the following pairs of goods in terms of the laws of supply and demand natural diamonds and zircons human-made diamonds.
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