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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: Car A gets 20 miles per gallon, and sells for $17,000. Car B gets 40 miles per gallon, and sells for
Post by: Sublight2097 on Jun 20, 2015
Car A gets 20 miles per gallon, and sells for $17,000. Car B gets 40 miles per gallon, and sells for $34,000. In the economic way of thinking, which car is more efficient?
A) Car A
B) Car B
C) Both are equally efficient.
D) It depends on the car buyer's estimate of cost and benefit.
E) It depends on a number of statistical tests done by economists, the results of which are not stated in the question.


Title: Re: Car A gets 20 miles per gallon, and sells for $17,000. Car B gets 40 miles per gallon, and sells
Post by: Chimelo46 on Aug 24, 2015
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Title: Re: Car A gets 20 miles per gallon, and sells for $17,000. Car B gets 40 miles per gallon, and sells for
Post by: Sublight2097 on Aug 31, 2015
Seriously, you've been tremendously helpful! Thank you.


Title: Re: Car A gets 20 miles per gallon, and sells for $17,000. Car B gets 40 miles per gallon, and sells for
Post by: Chimelo46 on Aug 31, 2015
Happy to assist!