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Look at this sentence: Car manufacturers have been investing in new energy technology in hopes that consumers will be willing to pay a premium for more fuel-efficient vehicles. Select the definition of premium that the sentence uses. premium pree-mee-uhm noun p/ premiums 1 the amount of money paid for insurance coverage: The Brownings received a notice saying that their health insurance premiums were going up. 2. a higher or unusual cost of something: Supermarkets often put a premium on organically grown foods. 3. a superior value: Edwin puts a premium on honesty in his relationships, - from Latin (praemium)

Question

Look at this sentence:
Car manufacturers have been investing in new energy technology in hopes that
consumers will be willing to pay a premium for more fuel-efficient vehicles.
Select the definition of premium that the sentence uses.
premium pree-mee-uhm noun p/ premiums 1 the amount of money paid for
insurance coverage: The Brownings received a notice saying that their health
insurance premiums were going up. 2. a higher or unusual cost of something:
Supermarkets often put a premium on organically grown foods. 3. a superior value:
Edwin puts a premium on honesty in his relationships, - from Latin (praemium)

Look at this sentence: Car manufacturers have been investing in new energy technology in hopes that consumers will be willing to pay a premium for more fuel-efficient vehicles. Select the definition of premium that the sentence uses. premium pree-mee-uhm noun p/ premiums 1 the amount of money paid for insurance coverage: The Brownings received a notice saying that their health insurance premiums were going up. 2. a higher or unusual cost of something: Supermarkets often put a premium on organically grown foods. 3. a superior value: Edwin puts a premium on honesty in his relationships, - from Latin (praemium)

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MiaMaster · Tutor for 5 years

Answer

In the given sentence, the definition of "premium" being used is:2. a higher or unusual cost of something: Car manufacturers have been investing in new energy technology in hopes that consumers will be willing to pay a premium for more fuel-efficient vehicles.
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