What choice should you make if you expect to drive

Assignment Help Business Economics

Reference no: EM131807927

If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $3.45/gallon, or (3) accept a fixed price of $35 for gas. The local price is $3.15/gallon for gasoline, and you expect this car to get 28 miles per gallon. The car has a 20-gallon tank. What choice should you make if you expect to drive:

(a) 150 miles?

(b) 350 miles?

(d) How do your answers change if stopping at the filling station takes 15 minutes and your time is worth $12/hr?

Reference no: EM131807927

Questions Cloud

Prepare a classified balanced sheet for the weismuller : Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2016.

Elements in the flooding of new orleans : One of the elements in the flooding of New Orleans during Hurricane Katrina was the failure of some of the levees that protected the city.

Examine the average growth of the plant : At the 5% significance level, can you conclude that average growth of the plant differs by organic fertilizer?

High-quality production processes : Toyota has a long history of engineering-driven, high-quality production processes. However, more recently a series of problems with acceleration

What choice should you make if you expect to drive : The car has a 20-gallon tank. What choice should you make if you expect to drive:

Discuss three-step writing process for persuasive messages : This was an insightful video, the speaker Simon Sinek went into detail. Discuss the Three-Step writing process for Persuasive Messages?

Calculate the capital gain for bob arising from sale of land : Calculate the capital gain for Bob arising from sale of the land, You are to consider the CGT implications both from the relevant sections

Calculate the total trip cost for gas costs : Build a spreadsheet (see Appendix A) to calculate the total trip cost for gas costs of $2, $3, $4, and $5 and values of time of $6, $9, $12, $15

Average scores produced by the four different rounds differ : During a typical Professional Golf Association (PGA) tournament, the competing golfers play four rounds of golf, w here the hole locations are changed.

User Account

All Pages