Which car is cheaper to own and by how much

Assignment Help Microeconomics
Reference no: EM131778587

Question: You are choosing between buying two cars. A hybrid (gas-electric) car cost $40,000 and gets 38 miles per gallon of gas. The gasoline car costs $33,000 and gets 22 miles per gallon. If you were to drive each car 100,000 miles, and gas costs $2.75 per gallon, which car is cheaper to own and by how much?

Reference no: EM131778587

Questions Cloud

How australia can use the technology to improve fare service : write a well-presented discussion paper for how Australia can use the technology to improve fare services for trains/tram/bus operations
What might be the efficiency problems with an approach : A classic way of introducing pollution regulation in to an urban area is the "rollback" method. First, you determine the maximum tolerable level of particular.
Define the wbs and wbs dictionary before building schedule : Defining the WBS and WBS Dictionary before building the schedule. Using software to create the Gantt charts and network/PERT diagrams.
Positive and negative ramifications : From where is the remittance money that comes to your assigned country being sent? How significant is this source of money in terms of amounts.
Which car is cheaper to own and by how much : You are choosing between buying two cars. A hybrid (gas-electric) car cost $40,000 and gets 38 miles per gallon of gas. The gasoline car costs $33,000.
Human-environmental interactions : How do the physical and human characteristics interact to produce notable observations of the landscape in the region or subregion you have selected?
Describe factors that address community and groups at risk : How each program is funded (how)? Describe factors that address community and groups at risk for substance use disorders.
Cairn gorm shows a ridge of smoothed rock : The view towards Cairn Gorm shows a ridge of smoothed rock. What may have caused this rock to show smoothing on its surface?
Determine which bond should purchase : Assume that you have $100,000 to invest in either U.S. or French bonds. The U.S. bonds pay 10% interest, while the French bonds pay 5% interest.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

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