What were Roman motives for expansion? How did Romans deal with conquered peoples? How did this appr
February 11, 2021
topic demand and supply and elasticity
February 11, 2021

Problem Statement #3: You are shopping for a new car, and have narrowed your choice to two alternati

Problem Statement #3: You are shopping for a new car, and have narrowed your choice to two alternatives: the 2020 Ford Fusion and the 2020 Volkswagen Jetta. After much thought, you decide that you like both models equally, and that your decision will be based solely on cost. The Fusion costs $23,170, and consumes one gallon of gasoline per 34 miles traveled. The Jetta (being a European car) costs E25,000 and consumes one liter of gasoline per 18 kilometers traveled. Both cars come equipped with a six-month subscription to satellite radio, but the Jetta has four cup- holders, compared to the Fusion's two. Assume that you plan to drive your car 100,000 miles over the next 12 years, and that the average cost of gasoline in that time will be $3.50/gallon. Which car do you choose? Approximately how many dollars will you save by choosing this car over the other in those 12 years? Consider only the cost of the car and gasoline (assume all other costs such as maintenance and repairs are comparable)


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