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PaulKet PaulKet
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6 years ago
George's parents let him use the family car whenever he wants, but require that he pays for all gas he uses. George has been driving the car 100 miles per week. His parents want to limit how much he drives the family car, but don't want to impose a major burden on his finances. Mom's plan is to charge him a dollar for each ten miles he drives the car (per week), but to increase his allowance by $10. Dad thinks this plan will have no effect on his driving since he is going to get the money back at the end of the week. Who is right? Explain.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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forrestforrest
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PaulKet Author
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6 years ago
Good timing, thanks!
gma_of_7
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Yesterday
Correct Slight Smile TY
jasonbourne
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2 hours ago
Helped a lot
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