Thanks to Smaller and More Fuel-Efficient Models, American Carmakers Have

question 100

Short Answer

Thanks to smaller and more fuel-efficient models, American carmakers have doubled their average fuel economy over a 13-year period, from 1974 to 1987. The graph depicted in the figure gives the average fuel consumption in miles per gallon (mpg) of domestic-built cars over the period under consideration ( corresponds to the beginning of 1974). Use the trapezoidal rule to estimate the average fuel consumption of the domestic car built during this period. Round the result to the nearest hundredth.
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Definitions:

Absorption Costing

Absorption costing is an accounting method that includes both variable and fixed manufacturing costs in the cost of a product.

Net Operating Income

A financial metric that calculates the profit generated from a company's operations, excluding taxes and interest.

Net Operating Income

The profit generated from a company's everyday business operations, excluding expenses from interest and taxes.

Net Operating Income

A financial metric that calculates a company's profitability by subtracting operating expenses from gross profit.