subject
Business, 01.04.2021 20:00 missdee6929

Lynne, a Corolla driver, drives 10,000 miles per year, all of it in the city, where she gets 27 miles to the gallon. She graduates school, gets a nice job, and buys herself a Prius, which gets 51 miles to the gallon in the city. A 2007 study found that the elasticity of vehicle miles traveled (VMT) to the cost of travel is about -0.10, meaning that if the price of travel increases by 10%, the number of miles traveled will decrease by 1%. Assume these numbers describe Lynne. Using the answer to the previous question, how many miles will she travel per year now that she uses less gas

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:10
Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.
Answers: 2
question
Business, 22.06.2019 12:00
Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.
Answers: 2
question
Business, 22.06.2019 16:50
Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ÂĄ129.87/$ and the 6-month forward rate is ÂĄ128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?
Answers: 2
question
Business, 22.06.2019 19:20
Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
Answers: 1
You know the right answer?
Lynne, a Corolla driver, drives 10,000 miles per year, all of it in the city, where she gets 27 mile...
Questions
question
Mathematics, 24.01.2021 01:40
question
History, 24.01.2021 01:40
question
Mathematics, 24.01.2021 01:40
question
Biology, 24.01.2021 01:40