a producer of synthetic motor oil for automobiles


A producer of synthetic motor oil for automobiles and light trucks has made the following statement: "One quart of Dynolube added to your next oil change will increase fuel mileage by one percent. This one-time additive will improve your fuel mileage over 53,656 miles of driving." Assume the company's claim is correct. How much money will be saved by adding one quart of Dynolube if gasoline costs $3.00 per gallon and your car averages 20 miles per gallon without the Dynolube?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: a producer of synthetic motor oil for automobiles
Reference No:- TGS0498977

Expected delivery within 24 Hours