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.
​

---

Definitions:

Profit-Oriented

A business approach or strategy primarily focused on generating financial gain and maximizing profit margins.

Target Pricing

A pricing strategy where the selling price is determined based on the estimated price a consumer is willing to pay, rather than on the cost of production or the market average.

Prestige Pricing

A pricing strategy where goods are priced higher than normal to invoke perceptions of quality and exclusivity, aimed at attracting status-conscious consumers.

Cost-Plus Pricing

Summing the total unit cost of providing a product or service and adding a specific amount to the cost to arrive at a price.