\”My car can use either gasoline or gasohol (A mis of methanol & gasoline); so I use whatever guel has lower.
angelyza1523 asked:
In terms of economy (micro). "My car can use gasoline or gasohol (A & mis of methanol, gasoline), so use what guel has the lowest price per gallon." This is a good rule for the decision which type of fuel use in a car? Build a rule that is consistent with economic logic.
In terms of economy (micro). "My car can use gasoline or gasohol (A & mis of methanol, gasoline), so use what guel has the lowest price per gallon." This is a good rule for the decision which type of fuel use in a car? Build a rule that is consistent with economic logic.
Tags: Deciding What Type, Economic Logic, Economics, Gasoline, Guel, Methanol, Micro Car, Mis, Price Per Gallon
September 26th, 2008 at 3:12 am
For your car.
September 28th, 2008 at 4:06 pm
what you should minimize is cost per mile travelled, i.e price per gallon divided by miles per gallon.