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Question: You are choosing between buying two cars. A hybrid (gas-electric) car cost $40,000 and gets 38 miles per gallon of gas. The gasoline car costs $33,000 and gets 22 miles per gallon. If you were to drive each car 100,000 miles, and gas costs $2.75 per gallon, which car is cheaper to own and by how much?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92587269

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