subject
Business, 18.02.2020 20:21 Kyliehayden05

The average price of gasoline in your neighborhood is $2.15 per gallon. Your neighbor, Diana tells you that you can "save a lot" by frequenting a gas station 20 miles outside your neighborhood where the price of gasoline is $2.06 per gallon However, shen cautions you that there are usually long lines at that station. Is her suggestion beneficial to you?

A) Yes, since gasoline is a necessity for car owners, the total cost savings would be relatively substantial.
B) No, if one factors in the non-monetary opportunity costs (driving time and waiting in line), it could prove more costly to go to the lower-priced gasoline station.
C) Yes, the lower price of gasoline at the rival station increases my purchasing power and enables me to consume more of other goods.
D) No, my friend is misled; clearly, the lower-priced gasoline must be of inferior quality and could damage vehicles.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:00
Afood worker has just rinsed a dish after cleaning it.what should he do next?
Answers: 2
question
Business, 22.06.2019 17:20
States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will
Answers: 1
question
Business, 22.06.2019 19:30
John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.
Answers: 1
question
Business, 22.06.2019 20:10
Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.
Answers: 1
You know the right answer?
The average price of gasoline in your neighborhood is $2.15 per gallon. Your neighbor, Diana tells y...
Questions
question
Mathematics, 05.04.2020 00:53
question
History, 05.04.2020 00:53
question
Mathematics, 05.04.2020 00:53
question
Chemistry, 05.04.2020 00:53
question
Mathematics, 05.04.2020 00:53
question
Mathematics, 05.04.2020 00:53
Questions on the website: 13722367