Question
Based on the data provided here, calculate the items requested: Annual depreciation $2,500 Current year's loan interest $650 Insurance $680 Average gasoline price $3.50per gallon
Based on the data provided here, calculate the items requested:
Annual depreciation $2,500
Current year's loan interest $650
Insurance $680
Average gasoline price $3.50per gallon
Parking/tolls $420
Annual mileage13,200
Miles per gallon24
License and registration fees $65
Oil changes/repairs $370
a. Calculate total annual operating cost of the motor vehicle.
Total variable cost?
Total fixed cost?
Total annual operating cost?
b.Calculate operating cost per mile? (Round your answer to 2 decimal places.)
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
