Related to the Economics in Practice on page 155: Which of the following is the best analysis of the question of how fast delivery truck drivers should drive in order to reduce costs?
A) They should drive as quickly as possible in order to make more deliveries per day.
B) They should drive at the most fuel-efficient rate in order to reduce fuel consumption costs.
C) They should balance the concerns of speed and fuel efficiency and drive at a speed that minimizes total expenses.
D) They should drive as close to the legal speed limit as possible.

Question

Quizplus · Accepted Answer

The best analysis involves balancing the concerns of speed and fuel efficiency to minimize total expenses. Driving too fast increases fuel consumption and costs, while driving too slowly reduces the number of deliveries that can be made. The optimal speed is one that balances these factors to reduce overall costs.

Related to the Economics in Practice on Page 155: Which