Answer the Following Questions Using the Information Below:
George's 5-Year-Old

question 157

Multiple Choice

Answer the following questions using the information below:
George's 5-year-old Geo Prizm requires repairs estimated at $3000 to make it roadworthy again.His friend,Julie,suggested that he should instead buy a 5-year-old used Honda Civic for $3000 cash.Julie estimated the following costs for the two cars:
$$\begin{array} { l r r } & \text { Geo Prizm } & \text { Honda Civic } \\\text { Acquisition cost } & \$ 15000 & \$ 3000 \\\text { Repairs } & \$ 3000 & - \\\text { Antual operating costs } & & \\\text { (Fuel, maintenance, insurance) } & \$ 2280 & \$ 2100\end{array}$$
-What should George do? What are his savings in the first year?

• A)Fix the Geo Prizm;$5518
• B)Fix the Geo Prizm;$5280
• C)Buy the Honda Civic;$180
• D)Buy the Honda Civic;$9780

Recognize the role of natural selection on phenotypes and genotypes.

Understand the impact of sexual reproduction on genetic variation and mutation purging.

Identify the maintenance of genetic variation in populations.

Comprehend the factors influencing the evolution of sexual reproduction.

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Definitions:

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and free entry and exit, leading to price-taking behavior.

Long-Run Equilibrium

A state in which all firms in a market are earning normal profits, and there is no incentive for firms to enter or exit the market.

Marginal Cost

Marginal cost is the additional cost incurred by producing one additional unit of a good or service.

Celebrity Spokesperson

A famous individual who is paid to use their fame to help promote a product or service.