5 comments

  • Saturday, Nov 21 2020

    Thank you> @rdelltownsel637 said:

    Looking at Question 15: The Scorpio Miser with its special high-efficiency engine costs more to buy than the standard Scorpio sports car. At current fuel prices, a buyer choosing the Miser would have to drive it 60,000 miles to make up the difference in purchase price through savings on fuel. (Therefore), It follows that, if fuel prices fell, it would take fewer miles to reach the break-even point.

    Since this is a flaw question this conclusion is flawed. For example, if fuel prices were $.10 @ gallon times 60,000 = 6,000. But if fuel prices fell to say, $.05 @ gallon times 60,000 is 3000. So this is the flaw, the reverse is true, fuel prices need to go up to make this true.

    This is reflected in answer choice (C). Here the Roadmaker savings accrue when wages are higher. Just like in the stimulus. But it says the Roadmaker is advantageous when prices are low.

    0
  • Saturday, Nov 21 2020

    Looking at Question 15: The Scorpio Miser with its special high-efficiency engine costs more to buy than the standard Scorpio sports car. At current fuel prices, a buyer choosing the Miser would have to drive it 60,000 miles to make up the difference in purchase price through savings on fuel. (Therefore), It follows that, if fuel prices fell, it would take fewer miles to reach the break-even point.

    Since this is a flaw question this conclusion is flawed. For example, if fuel prices were $.10 @ gallon times 60,000 = 6,000. But if fuel prices fell to say, $.05 @ gallon times 60,000 is 3000. So this is the flaw, the reverse is true, fuel prices need to go up to make this true.

    This is reflected in answer choice (C). Here the Roadmaker savings accrue when wages are higher. Just like in the stimulus. But it says the Roadmaker is advantageous when prices are low.

    0
  • Friday, Nov 20 2020

    @dimakyure869 said:

    Let me take a look. Aside: as opposed to just asking for an explanation, consider explaining your thoughts on this question, and where you're getting tripped up. I think it would be beneficial for you as well as the for rest of the community.

    Edit: Ok got it.

    The Scorpio Miser with its special high efficiency engine costs more to buy than the standard Scorpio sports car.

    At current fuel prices, a buyer choosing the Miser would have to drive it 60,000 miles to make up the difference in purchase price through savings on fuel.

    It follows that if fuel prices fell, it would take fewer miles to reach the break-even point.

    So...

    SM costs more than M but is more efficient.

    At current fuel prices, the extra cost is made up for by gas savings at 60k miles.

    So if fuel prices fall, you’d break even in less miles.

    Flaw: reasoning is backwards… fuel prices falling would increase the miles needed to break even. The higher the price of fuel the greater the savings.

    SM @dimakyure869 mpg

    @joelsolis1901609

    @joelsolis1901609

    S @dimakyure869 mpg

    @joelsolis1901609

    @joelsolis1901609

    So…

    @joelsolis1901609

    @joelsolis1901609

    To save the maximum amount of money in the least amount of time, we want the price of fuel to be higher.

    Distractor flaw: fuel prices are the only factor.

    A.

    Interest - inflation = earnings

    So if inflation drops, the rate of interest can be reduced -

    Nope, already not our flaw.

    B.

    P allows for premium foods

    A does not

    P uses more electricity

    Higher profit on premium foods

    If electric rates fell, a lower volume of premium food sales would justify choosing P

    This sounds ok. So not flawed thus not our answer.

    C.

    R paves a mile in less time than C

    C is less expensive

    R uses less staff and eventually compensates for higher price

    So R is advantageous when wages are low.

    This is the answer. Same flaw - R would be more advantageous when wages are high, not low because the C model would be paying our far more in wages than with R. Higher wages = greater difference = more savings for R.

    Given the huge time sink this question is, I would move on after this answer… I also assume this would be in the second round. Eliminating D and E would likely be very low priority… for me anyway.

    D.

    IS fruits younger and lives longer

    SS larger when mature, but you cant fit as many

    So new planting should all be IS

    I mean maybe? Don’t really have enough info. Regardless, this isn’t the same flaw, nor does it have the same structure.

    E.

    S dividends vary

    B interest constant

    Since B interest does not decrease

    Investors who want a reliable income should choose bonds.

    Exact same reasons as D for elimination.

    Thank you.

    0
  • Friday, Nov 20 2020

    Conclusion: If fuel prices fell, it would take fewer miles to reach the break-even point.

    Premise: At current fuel prices, a buyer choosing the Miser would have to drive it 60K miles to make up the difference in purchase price through savings on fuel.

    Premise: The Scorpio Miser with its special high-efficiency engine costs more to buy than the standard Scorpio sports car.

    Example:

    It costs $40 to fill up the tank:

    Scorpio Miser costs 10K a year in gas to run

    Standard Scorpio costs 20K a year to run

    A savings of 10K a year when buying Scorpio Miser

    All of a sudden gas drops and we pay $20 to fill up the tank

    Scorpio Miser costs 5K a year in gas to run

    Standard Scorpio 10K a year to run

    Savings no only 5K if Miser is bought. It will take longer to make up the difference because the savings is half as much per year.

    A)Valid

    B)Valid

    C)Correct Answer because of the same problem.

    The Roadmaker is faster. The other model is less expensive.

    The Roadmaker allows fewer people for work and the reduction in staffing cost is balanced out by higher price. Thus, Roadmaker is advantageous when wages are low.

    But that is opposite of what’s true. It’s most advantageous when wages are high, because each person no longer on the job results in bigger savings.

    D) The conclusion doesn’t match the original even though the argument is flawed.

    E) Valid and the conclusion doesn’t match the original

    0
  • Friday, Nov 20 2020

    Let me take a look. Aside: as opposed to just asking for an explanation, consider explaining your thoughts on this question, and where you're getting tripped up. I think it would be beneficial for you as well as the for rest of the community.

    Edit: Ok got it.

    The Scorpio Miser with its special high efficiency engine costs more to buy than the standard Scorpio sports car.

    At current fuel prices, a buyer choosing the Miser would have to drive it 60,000 miles to make up the difference in purchase price through savings on fuel.

    It follows that if fuel prices fell, it would take fewer miles to reach the break-even point.

    So...

    SM costs more than M but is more efficient.

    At current fuel prices, the extra cost is made up for by gas savings at 60k miles.

    So if fuel prices fall, you’d break even in less miles.

    Flaw: reasoning is backwards… fuel prices falling would increase the miles needed to break even. The higher the price of fuel the greater the savings.

    SM @dimakyure869 mpg

    @joelsolis1901609

    @joelsolis1901609

    S @dimakyure869 mpg

    @joelsolis1901609

    @joelsolis1901609

    So…

    @joelsolis1901609

    @joelsolis1901609

    To save the maximum amount of money in the least amount of time, we want the price of fuel to be higher.

    Distractor flaw: fuel prices are the only factor.

    A.

    Interest - inflation = earnings

    So if inflation drops, the rate of interest can be reduced -

    Nope, already not our flaw.

    B.

    P allows for premium foods

    A does not

    P uses more electricity

    Higher profit on premium foods

    If electric rates fell, a lower volume of premium food sales would justify choosing P

    This sounds ok. So not flawed thus not our answer.

    C.

    R paves a mile in less time than C

    C is less expensive

    R uses less staff and eventually compensates for higher price

    So R is advantageous when wages are low.

    This is the answer. Same flaw - R would be more advantageous when wages are high, not low because the C model would be paying our far more in wages than with R. Higher wages = greater difference = more savings for R.

    Given the huge time sink this question is, I would move on after this answer… I also assume this would be in the second round. Eliminating D and E would likely be very low priority… for me anyway.

    D.

    IS fruits younger and lives longer

    SS larger when mature, but you cant fit as many

    So new planting should all be IS

    I mean maybe? Don’t really have enough info. Regardless, this isn’t the same flaw, nor does it have the same structure.

    E.

    S dividends vary

    B interest constant

    Since B interest does not decrease

    Investors who want a reliable income should choose bonds.

    Exact same reasons as D for elimination.

    1

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