energy efficiency
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Engineers built a prototype carthat gets 180 MPG.They estimate that a mass produced car will cost $40,000 per unit to build.The engineers argue that Congress should force US auto makers to build this energy efficient car.
a) Is energy efficiency the same as economic efficiency? Explain
b) Under what circumstances would the energy efficient car be economically efficient?
c) If the goal of society is to get the most benefit from its limited resources, then why not ignore economic efficiency and build the energy saving car?
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This job assesses energy efficiency.
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a) energy efficiency is not the same thing as economic efficiency. Energy efficiency just means something can be done more efficiently (using less electricity for example). Economic efficiency in this context means we are only produceing ...
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