b) Automobile repair shops typically recommend that their customers change their oil and oil filter every 3000 miles. Your automobile user's manual suggests changing your oil every 5000-7000 miles. If you drive your car 15,000 miles each year and an oil and filter change costs $30, how much money would you save each year if you had this service performed every 5,000 miles.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Q no 2.b 

b) Automobile repair shops typically recommend that their customers change their
oil and oil filter every 3000 miles. Your automobile user's manual suggests
changing your oil every 5000-7000 miles.
If you drive your car 15,000 miles each year and an oil and filter change costs
$30, how much money would you save each year if you had this service
performed every 5,000 miles.
Transcribed Image Text:b) Automobile repair shops typically recommend that their customers change their oil and oil filter every 3000 miles. Your automobile user's manual suggests changing your oil every 5000-7000 miles. If you drive your car 15,000 miles each year and an oil and filter change costs $30, how much money would you save each year if you had this service performed every 5,000 miles.
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