Frank Gasly is considering purchasing a new car. The price of the car is $66000, and Frank hopes to keep it 6 years and then sell it for $15000. Based on past experience, Frank drives about 18,000 km per year and lives in a downtown apartment where they must pay a $71 per month parking fee Frank has budgeted the following automobile expense items for the next 6 years Expense Cost Fixed/Variable Gasoline(7 21 Per 100KM)($2.1 Per Liter) Licence/Registration Variable $665 Fixed Insurance $4404 Fixed Maintenance $6480 Variable Tires ($857 per set that last 69000KM) Vanable Parking (72 Months) $5112 Fixed Interest $4750 Fixed Depreciation (STRAIGHT LINE) Fixed LOWING USING THE ABOVE INFORMATION: CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION: TOTAL KMS TOTAL FIXED COSTS (TFC) TOTAL VARIABLE COSTS (TVC) $ TOTAL COSTS (TC) AVG. FIXED COSTS/KM AVG. VARIABLE COSTS/KM AVG. TOTAL COSTS/KM 108000KM Frank and their friend Hanzel plan to drive the car to Fort McMurray for a trip. The one way trip from Edmonton to Fort McMurray is expected to be 441 km, and they plan to split the car costs 50-50. Calculate the TOTAL cost of the trip under the assumption that costs are split as follows Total KMS Drive on the ROUND trip to Fort McMurray Cost of Gas Only Variable Cost Only Total Costs please find the marginal costs for as distance increases Below is a chart with different distances and their total cost for this vehicle please find the marginal costs for as distance increases. Distance(KM) 0 25000 50000 75000 100000 125000 150000 Total Costs($) $ $70838 $75092 $80925 $87193 $94040 $103337 Marginal Costs($) PER KM Instead of selling or getting rid thier car after 6 years, Frank decide to start using their vehicle in a business. Frank will be providing ride hailing service with their vehicle (UBER). See below for the graph of the total and average costs for the next 5 years. The total fixed costs are 24000 for this period. Instead of selling or getting rid thier car after 6 years, Frank decide to start using their vehicle in a business. Frank will be providing ride hailing service with their vehicle (UBER). See below for the graph of the total and average costs for the next 5 years. The total fixed costs are 24000 for this period. Price Per KM($) 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 M N O Q KM DRIVEN (000s KM) PLEASE COMPLETE TABLE BELOW ONLY USING ABOVE INFORMATION 70 PLEASE COMPLETE TABLE BELOW ONLY USING ABOVE INFORMATION M = 25,000 KM N = 32,000 KM 0 = 38,000 KM Q = 41,000 KM What is the TFC at M? What is the AFC at M (2 Decimals)? If AVC is 1.5 at M, what is the TVC? What is the OPERATIONAL LOSS Quantity (PUT LETTER)? What is the BREAKEVEN Quantity (PUT LETTER)? ATC at Q is: $3.6/KM TC at M is: $93750 Find the Marginal Cost between Q and M (Answer to 2 Decimals and always positive)?$ If Price of an UBER RIDE is $3.5/KM: What is the number of KMs Driven by Frank? KM What is the total Revenue at this point? $ What is the total Cost at this point if AVC is $1.75 per KM? $ 13