Mathematics, 12.02.2020 02:05 alyssarene16
If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $3.45/gallon or (3) accept a fixed price of $35 for full tank of gas. The local price is $3.15/gallon of gasoline and you expect the car to get 28 mpg. The car has 20-gallon tank. What choice should you make if you expect to drive?
a) 150 miles
b) 350 miles
c) 500 miles
d) How do your answers change if stopping at filling station takes 15 minutes and your time is worth $12/hr
Answers: 1
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