Friday
March 27, 2015

Homework Help: Microeconomics

Posted by mel on Sunday, October 2, 2011 at 3:37pm.

Last year Delta airlines purchased and stored 1 million gallons of aviation fuel at a time when aviation fuel was selling for $2.00 per gallon. Aviation fuel is now valued at $3.00 per gallon. What is the opportunity cost of using this stored fuel now?

Would it be $3 million because now they would be giving up $3million of inventory?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Chem - Aviation fuel is significantly more expensive per gallon than diesel fuel...
physics - A tourist purchases a car in England and ships it home to the United ...
Algebra - The fuel efficiency for a certain midsize car is given by E(v) = &#...
algera - The fuel efficiency for a certain midsize car is given by E(v) = −...
calculus - An automobile computer gives a digital readout of fuel consumption in...
Algebra - The fuel efficiency for a certain midsize car is given by E(v) = &#...
math - The fuel efficiency for a certain midsize car is given by E(v)= -0.016v^2...
algebra - The fuel efficiency for a certain midsize car is given by E(v)= -0....
Aviation #2 - what accident investigation / forensic methods are used in ...
Aviation - What procedures and / or methods are recognized within the Aviation ...

Members