This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
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Step 1: Calculate the rate of fuel consumption. The rate of fuel consumption is the distance traveled divided by the fuel used. Rounding to 3 significant figures (due to 1.12 litres having 3 s.f.):
Step 2: Estimate the amount of fuel for 40.34 km.
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Calculate the rate of fuel consumption. The rate of fuel consumption is the distance traveled divided by the fuel used.
This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.