ACC Logn Mail Assume you are considering purchasing a new car after graduation.
ID: 2515535 • Letter: A
Question
ACC Logn Mail Assume you are considering purchasing a new car after graduation. You collected the following informati Honda Civic Toyota Prius Tesla Model 3* Price of the new car (basic configuration) Gallons per 100 miles Price per gallon of gas kW per 100 miles Price per kW (Texas), S Variable cost per mile (need to calculate) Total cost' to drive the car (please round variable cost per mile to three decimal points) $19,000 $25,500 $28,000 2.7 1.92 $2.00 $2.00 20 $0.11 Miles Honda Clvic 50,000 100,000 200,000 285,000 Total cost Fixed cost (price of the new car)+ total variable cost (price of gas or electricity) What is the variable cost per mile for Honda Civic, Toyota Prius and Tesla Model 3, respectively? OA $0.068;0.044; $0.022 B. $O.050 $0.385 $0.020 C. $0.054; $0.038; $0.022 D. $0.070: $1.040; $0.200 Mark for Review What's This? MacBoo
Explanation / Answer
Q1 - The correct answer is option C - $0.054, $0.038, $0.022
Required Galllon per 100 miles - 2.7, 1.92 and KW per 100 miles is 20
Therefore gallon for 1 mile = Required Gallon per 100 miles /100
=> 2.7/100 = 0.027, 1.92/100 = 0.0192 and 20/100 = 0.2
Cost for 1 gallon = $2 , $2, and $0.11
Therefore variable cost for mile = Gallon for 1 mile x Cost for 1 gallon
=> 0.027x$2 = $0.054 , 0.0192x$2 = 0.038 and 0.2x$0.11 = 0.022
Q2 The correct answer is option D - $24,400, $29,300, $30,200
Total Cost = Fixed Cost of the car plus variable cost for 100,000 miles
Cost for 1 mile is calculated above if we multiply by 100,000 we get cost for 100,000 for each car
: 0.054x100,000 = $5400, 0.038x100,000 = $3800 0.022x100,000 = $2200
Fixed cost of car are $19,000 , $25,500 and $28,000 respectively
Total Cost is $19,000+$5400 = $24,400 similarly for other cars
Q3 The correct answer is option C Tesla Model 3
Total cost to drive 200,000 miles
Cost to drive 1 mile x 200,000 miles
therefore $0.054x200,000 = $10,800, $0.038x200,000 = $7600 and $0.022x200,000 = $4400
Total Cost for first 200,000 miles is Honda Civic = $19,900+$10,800 = $30,700
Toyota Prius = $25,500 + $7,600 = $33,100 and Tesla 3 = $28,000 + $4400 = $32,400
Q4 is incomplete
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