An automobile dealership offers to fill the four tires of your new car with 100% nitrogen for a cost of $24. Thedealership claims that nitrogen-filled tires run cooler than those filled with compressed air, and they advertise thatnitrogen extends tire mileage (life) by 23%. If new tires cost $51 each and are guaranteed to get 46,000 miles (filledwith air) before they require replacement and the claims are all true is the dealership's offer a good deal?The cost of tires containing compressed air is $The cost of tires containing 100% nitrogen is $Is the dealership's offer a good deal? Choose the correct answer below.per mile. (Round to six decimal places.)per mile. (Round to six decimal places.)NoO Yes

Cost Per Mile is a measure of how much it costs to drive a certain distance (in miles) with a…

Answered: An automobile dealership offers to fill…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Hilton Enterprises sells a product for $119 per unit. The variable cost is $68 per unit, while fixed costs are $436,968. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $124 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $124 per unit units
A small automotive supply company manufactures fuel gauges for various types of cars. The company has fixed costs of $1,885,000 per year. The average cost of manufacturing a fuel gauge is $21.88. The average price the fuel gauge sells for is $48.20 The company manufactures its products 252 days per year. What is the minimum number of fuel guages per day that the company must produce in order to break even?
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Your boss has asked you to evaluate the economics of replacing 1,000 60-Watt incandescent light bulbs (ILBs) with 1,000 compact fluorescent lamps (CFLs) for a particular lighting application. During your investigation you discover that 13-Watt CFLs costing $2.00 each will provide the same illumination as standard 60-Watt ILBs costing $0.50 each. Interestingly, CFLs last, on average, eight times as long as incandescent bulbs. The average life of an ILB is one year over the anticipated usage of 1,000 hours each year. Each incandescent bulb costs $2.00 to install/replace. Installation of a single CFL costs $3.00, and it will also be used 1,000 hours per year. Electricity costs $0.12 per kiloWatt hour (kWh), and you decide to compare the two lighting options over an 8-year study period. If the MARR is 12% per year, compare the economics of the two alternatives and write a brief report of your findings for the boss.
MINIMIZE the amount and what is the minimum amount of pounds?
The economically destructive price spike of 2007–2008 occurred when spare production capacity fell below 1 mbpd, causing a run-up in oil price from $50 to $145 per barrel. An issue for world oil spare capacity is the internal consumption of OPEC producers. OPEC production has ranged between 30 and 33 mbpd since 2004. Internal use is currently about 25% of total OPEC production, but it is growing by 2% per year. The internal consumption growth is largely for nonelastic end uses such as electricity generation, water treatment, and new buildings. If the current world spare capacity is 2 mbpd and the OPEC total production does not increase beyond 33 mbpd, how many years will it take for the spare capacity to fall below 1 mbpd again?
Needed to be solved correctly in 10 minutes and get the thumbs up please show neat and clean work Please do in 10 minutes only
Please no written by hand solutions One area of concern when it comes to Starlink is the cost. For example, at the beginning of February 2023, FiberOne, a broadband internet provider in Nigeria, was providing internet with speeds of up to 500Mbps, which is fast. The installation fee was N32,231 (about US$70) and the monthly subscription cost around N100,000 (US$220). Starlink in Nigeria, meanwhile, costs about N276,000 (US$599) once- off for the kit and installation, then charges a monthly subscription fee of about [N19,800] (US$43). Starlink is cheaper in the long term than both fibre optic and mobile internet providers. But can an average rural Nigerian household with a monthly income of less than N28,000 (US$60) afford it? Given that average incomes are similarly low in most rural and remote parts of Africa, there's a risk that Starlink's targeted users on the continent won't be able to use the service. The reason that Starlink is able to charge a lower monthly price for their…
An automobile dealership offers to fill the four tires of your new car with 100% nitrogen for a cost of $20.00. The dealership claims that nitrogen-filled tires run cooler than those filled with compressed air, and they advertise that nitrogen extends tire mileage (life) by 25%. If new tires cost $50.00 and are guaranteed to get 50,000 miles (filled with air) before they require replacement, is the dealership’s offer a good deal
M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 250 units, and this is constant throughout the year. Carrying cost is estimated to be $1 per unit per year, and the ordering (setup) cost is $20 per order. a) To minimize cost, how many units should be ordered each time an order is placed? b) How many orders per year are needed with the optimal policy? c) What is the average inventory if costs are minimized? d) Suppose that the ordering (setup) cost is not $20, and Cotteleer has been ordering 150 units each time an order is placed. For this order policy (of Q 5 150) to be optimal, determine what the ordering (setup) cost would have to be.

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