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Originally posted by Bunuel on 29 Sep 2020, 01:08.
Last edited by Bunuel on 23 Sep 2026, 04:36, edited 9 times in total.
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Dropdown 1: 30 cents
Dropdown 2: triple
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Difficulty:
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Question Stats:
49%
(02:48)
correct 51%
(02:54)
wrong
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The graph shows the costs of ethanol, conventional gasoline (NY Harbor), and corn from January 2008 through January 2017. Ethanol and gasoline costs, in dollars per gallon, are shown on the left vertical axis, and corn costs, in dollars per bushel, are shown on the right vertical axis.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided.
The highest cost of ethanol per gallon was approximately greater than the lowest cost of corn per bushel.
At the end of the period shown, the cost per gallon of gasoline was approximately what it was at the beginning of the period.
Originally posted by Bunuel on 02 Dec 2024, 08:30.
Last edited by Bunuel on 23 Sep 2026, 04:36, edited 1 time in total.
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Official Solution:
Bunuel
The graph shows the costs of ethanol, conventional gasoline (NY Harbor), and corn from January 2008 through January 2017. Ethanol and gasoline costs, in dollars per gallon, are shown on the left vertical axis, and corn costs, in dollars per bushel, are shown on the right vertical axis.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided.
The highest cost of ethanol per gallon was approximately greater than the lowest cost of corn per bushel.
At the end of the period shown, the cost per gallon of gasoline was approximately what it was at the beginning of the period.
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Drop-down 1:
The black line, representing ethanol, reaches its highest point at about the beginning of 2013, at approximately $3.30 per gallon. The red line, representing corn, reaches its lowest point near the end of 2015, at approximately $3.00 per bushel. Therefore, the highest cost of ethanol was approximately 30 cents greater than the lowest cost of corn.
Drop-down 2:
At the beginning of the period shown, the cost of gasoline was approximately $0.60 per gallon, while at the end of the period it was approximately $1.80 per gallon.
Since $1.80 is 3 times $0.60, the cost per gallon of gasoline at the end of the period was approximately triple what it was at the beginning.