Honda Civic Toyota Prius Tesla Model 3* car (basic $19,000 $25,500 $35,000 Price of the new configuration) Gallons per 100 gallon of miles 2.7 1.92 Price per gas $2.00 $2.00 kW per 100 miles (Texas), 20 $0.11 Price per kW $ Variable cost per mile Total cost* to drive the car (please round variable cost per mile to three decimal points) Miles Honda Civic Toyota Prius Tesla Model 3* 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) 1. What is the variable cost per mile for Honda Civic, Toyota Prius and Tesla Model 3, respectively?: a. $0.070; $1.040; $0.200 b. $0.050; $0.385; $0.020 C. $0.054; $0.038; $0.022 d. $0.068; $0.044; $0.022 2. What is the total cost to drive the first 100,000 miles for Honda Civic, Toyota Prius and Tesla Model 3, respectively?. a. $19,000; $25,500; $28,000 b. $21,700; $27,400; $29,100 c. $24,400; $29,300; $37,200 d. $27,640; $31,580; $31,520 3. The has the lowest total cost to drive for up to 200,000 miles. a. Honda Civic b. Toyota Prius c. Tesla Model 3 d. Cannot be determined 4. What would be the variable cost per mile for Honda Civic, Toyota Prius and Model 3 respectively if the price per gallon of gas doubled (increased to $4 per gallon)? a. $1.421; $0.801; $0.022 b. $0.143; $2.081; $0.434 C. $0.143; $0.381; $0.022 d. $0.108; $0.077; $0.022 5. The total cost to drive the first 200,000 miles (when gas costs $4 per gallon) will be the lowest for: a. Honda Civic b. Toyota Prius c. Tesla Model 3 d. Cannot be determined Honda Civic Toyota Prius Tesla Model 3* car (basic $19,000 $25,500 $35,000 Price of the new configuration) Gallons per 100 gallon of miles 2.7 1.92 Price per gas $2.00 $2.00 kW per 100 miles (Texas), 20 $0.11 Price per kW $ Variable cost per mile Total cost* to drive the car (please round variable cost per mile to three decimal points) Miles Honda Civic Toyota Prius Tesla Model 3* 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) 1. What is the variable cost per mile for Honda Civic, Toyota Prius and Tesla Model 3, respectively?: a. $0.070; $1.040; $0.200 b. $0.050; $0.385; $0.020 C. $0.054; $0.038; $0.022 d. $0.068; $0.044; $0.022 2. What is the total cost to drive the first 100,000 miles for Honda Civic, Toyota Prius and Tesla Model 3, respectively?. a. $19,000; $25,500; $28,000 b. $21,700; $27,400; $29,100 c. $24,400; $29,300; $37,200 d. $27,640; $31,580; $31,520 3. The has the lowest total cost to drive for up to 200,000 miles. a. Honda Civic b. Toyota Prius c. Tesla Model 3 d. Cannot be determined 4. What would be the variable cost per mile for Honda Civic, Toyota Prius and Model 3 respectively if the price per gallon of gas doubled (increased to $4 per gallon)? a. $1.421; $0.801; $0.022 b. $0.143; $2.081; $0.434 C. $0.143; $0.381; $0.022 d. $0.108; $0.077; $0.022 5. The total cost to drive the first 200,000 miles (when gas costs $4 per gallon) will be the lowest for: a. Honda Civic b. Toyota Prius c. Tesla Model 3 d. Cannot be determined
