Technological improvements have made electric cars far more cost-efficient in the last decade. However, the threshold of economic viability for electric cars (that is, the cost of running an electric car compared to a gasoline powered car) has remained unchanged.Q. Which of the following, if true, does most to help explain why the increased cost-efficiency of electric cars has not decreased its threshold of economic viability?a)The cost of manufacturing gasoline-powered cars has fallen dramatically.b)The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.c)Technological changes have increased the efficiency of gasoline-powered cars.d)Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.e)When the price of oil increases, reserves of oil not previously worth exploiting become economically viableCorrect answer is option 'C'. Can you explain this answer?

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a)
The cost of manufacturing gasoline-powered cars has fallen dramatically.
b)
The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.
c)
Technological changes have increased the efficiency of gasoline-powered cars.
d)
Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.
e)
When the price of oil increases, reserves of oil not previously worth exploiting become economically viable

Correct answer is option 'C'. Can you explain this answer?

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Technological improvements have made electric cars far more cost-effic...

Improvements in electric cars have been matched by improvements in gasoline-powered cars so that their economic viability has not improved.

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Technological improvements have made electric cars far more cost-efficient in the last decade. However, the threshold of economic viability for electric cars (that is, the cost of running an electric car compared to a gasoline powered car) has remained unchanged.Q. Which of the following, if true, does most to help explain why the increased cost-efficiency of electric cars has not decreased its threshold of economic viability?a)The cost of manufacturing gasoline-powered cars has fallen dramatically.b)The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.c)Technological changes have increased the efficiency of gasoline-powered cars.d)Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.e)When the price of oil increases, reserves of oil not previously worth exploiting become economically viableCorrect answer is option 'C'. Can you explain this answer?

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Technological improvements have made electric cars far more cost-efficient in the last decade. However, the threshold of economic viability for electric cars (that is, the cost of running an electric car compared to a gasoline powered car) has remained unchanged.Q. Which of the following, if true, does most to help explain why the increased cost-efficiency of electric cars has not decreased its threshold of economic viability?a)The cost of manufacturing gasoline-powered cars has fallen dramatically.b)The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.c)Technological changes have increased the efficiency of gasoline-powered cars.d)Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.e)When the price of oil increases, reserves of oil not previously worth exploiting become economically viableCorrect answer is option 'C'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Technological improvements have made electric cars far more cost-efficient in the last decade. However, the threshold of economic viability for electric cars (that is, the cost of running an electric car compared to a gasoline powered car) has remained unchanged.Q. Which of the following, if true, does most to help explain why the increased cost-efficiency of electric cars has not decreased its threshold of economic viability?a)The cost of manufacturing gasoline-powered cars has fallen dramatically.b)The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.c)Technological changes have increased the efficiency of gasoline-powered cars.d)Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.e)When the price of oil increases, reserves of oil not previously worth exploiting become economically viableCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Technological improvements have made electric cars far more cost-efficient in the last decade. However, the threshold of economic viability for electric cars (that is, the cost of running an electric car compared to a gasoline powered car) has remained unchanged.Q. Which of the following, if true, does most to help explain why the increased cost-efficiency of electric cars has not decreased its threshold of economic viability?a)The cost of manufacturing gasoline-powered cars has fallen dramatically.b)The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.c)Technological changes have increased the efficiency of gasoline-powered cars.d)Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.e)When the price of oil increases, reserves of oil not previously worth exploiting become economically viableCorrect answer is option 'C'. Can you explain this answer?.

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Which of the following, if true, does most to help explain why the increased cost-efficiency of electric cars has not decreased its threshold of economic viability?a)The cost of manufacturing gasoline-powered cars has fallen dramatically.b)The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.c)Technological changes have increased the efficiency of gasoline-powered cars.d)Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.e)When the price of oil increases, reserves of oil not previously worth exploiting become economically viableCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Technological improvements have made electric cars far more cost-efficient in the last decade. 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Which of the following, if true, does most to help explain why the increased cost-efficiency of electric cars has not decreased its threshold of economic viability?a)The cost of manufacturing gasoline-powered cars has fallen dramatically.b)The reduction in the cost of manufacturing electric cars has occurred despite increased raw material costs for those cars.c)Technological changes have increased the efficiency of gasoline-powered cars.d)Most electricity is generated by coal-fired or nuclear, rather than oil-fired, power plants.e)When the price of oil increases, reserves of oil not previously worth exploiting become economically viableCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice GMAT tests.

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