When Reasoning About a Car, We Use Such Information as Its

question 14

Essay

When reasoning about a car, we use such information as its make and model, year, color, cost (or worth), number of miles, gas mileage, insurance cost, and so forth. Consider a program that will attempt to determine how practical a car might be on a road trip. Which of these types of information might you use in your program as instance data? Provide a justification for your selection.

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Definitions:

External Cost

A cost that is not borne by the parties to an economic transaction, often affecting third parties who did not choose to incur that cost.

Social Cost

The total cost to society as a whole due to an activity or decision, including both direct costs and indirect externalities.

Congested Highway

A highway or roadway that experiences traffic congestion due to a high volume of vehicles, often leading to slower speeds and longer travel times.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often arising from production or consumption of goods and services.