1905‚ gasoline was readily available‚ which was not the case with ethanol. Henry Ford also designed a Fordson tractor that would burn alcohol as well as fossil fuel‚ but never managed to put this model into production‚ due to high distillation costs. During the Great Depression‚ Henry Ford looked for ways to recycle waste created by his factories and to help relieve the fuel burden on the public. By mixing one part light oil‚ a byproduct from the coal in coke ovens‚ and three parts gasoline‚ Ford
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Section One: Multiple Choice 1. If a 20% decrease in the price of long-distance phone calls leads to a 35% increase in the quantity of calls demanded‚ you may conclude that the demand for phone calls is a. elastic b. inelastic c. unit elastic d. stretchy elastic 2. Which of the following pairs are examples of substitutes? a. Popcorn and soda b. Automobiles and bicycles c. Boats and fishing tackle d. Wine and cheese 3. If a price in a competitive market is “too high to clear the
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Golden rays ready to replace Black Gold’. {draw:a} Student no: 12311461. *Course: Entrepreneurship* (LB5207). Topic: Solar cars- Golden rays ready to replace Black Gold. With the fuel crisis seen in the last decade and the current gasoline prices at an all time high there was need for a renewable source of energy that was more affordable and eco-friendly. Solar energy was the perfect answer. Almost all energy on Earth comes from the sun. The Solar technology aims at converting the
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Macroeconomics Week 11 Final Exam March 18‚ 2011 1. When gasoline prices go up many things can happen. There are two things that can happen either people will drive as less as possible or people don’t care and just keep paying whatever the oil company wants. Most of the time people will try an save as much as possible. When that happens the supply usually goes up because the demand will go down because people will try and not buy gasoline as much‚ however if the people don’t try and save their gas
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purchased in the $10‚000 to $15‚000 price range for very basic entry models‚ and hybrids can be purchased for $30‚000 TO $45‚000 all depending on the model you desire (Electric Car Costs vs. Gasoline Cars vs. Hybrids). Electric and hybrid cars both use technology that is designed to decrease the use of gasoline fuel for powering car engines. Electric cars are totally electric‚ meaning that they must be plugged in and charged‚ and that the range of the car is only as far as the charge. Hybrid cars use
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guilty) b.i. Batteries were too weak to make the car go as far as consumers were hoping so they bought the less expensive gasoline vehicles that could go the desired distance. c. Oil Companies (guilty) c.i. Oil companies got very involved with electric cars because if everyone were to switch to battery operated vehicles‚ there would no longer being a large demand for gasoline. d. Car Companies (guilty) d.i. The GM car didn’t seem to be catching on and there did not seem to see a profit in electric
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Practice Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) If the marginal benefit of pizza exceeds the marginal cost of pizza‚ then compared to the allocatively efficient quantity‚ we are producing too ________ pizza and too ________ of other goods. A) little; much B) little; little C) much; little 1) D) much; much Answer: A 2) ________ is the difference between the value
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March 7‚ 2011 Abstract This paper will focus on a possible option that Marathon could take to reduce the time involved in the production process. There will be a discussion on the relationship between the retail price of gasoline and the price of crude oil. Another discussion will explain what Marathon could do to keep the price at the pump the same without losing profits if the price of crude increased 10%. Finally‚ a discussion will take place on prohibiting deep water
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To an automotive engineer or enthusiast‚ it means something‚ but for a common man‚ it may not make much sense. MPFI means – Multi-point Fuel-Injection (also called fuel-injection system) [pic] The term MPFI is used to specify a technology used in Gasoline/petrol Engines. For Diesel Engines‚ there is a similar technology called CRDI. MPFI System is a system which uses a small computer to control the Car’s Engine. A Petrol car’s engine usually has three or more cylinders or fuel burning zones. So in
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on a fuel or power source other than diesel or gasoline. These vehicles come in many different forms‚ from small commuter cars to larger commercial vehicles. The use of these alternative fuel sources greatly reduces out countries dependency on foreign oil and reduces air pollution caused by CO2 emissions (Gable & Gable‚ 2009). The vehicles currently available at Lotus Car Rental‚ like the majority of the other cars on the road‚ run on gasoline or diesel‚ but the cost of petroleum products are
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