Jeff Patrick is considering purchasing a new car. The price of the car is $64000, and Jeff hopes to keep it 4 years and then sell it for $20000. Based on past experience, Jeff drives about 10,000 km per year and lives in a downtown apartment where they must pay a $65 per month parking fee.Jeff has budgeted the following automobile expense items for the next 4 years: Expense Gasoline(7L Per 100KM)($1.43 Per Liter) Cost Fixed/Variable Variable Licence/Registration Insurance Maintenance $567 Fixed $4163 Fixed $800 Variable Tires ($1426 per set that last 52000KM) $ Variable Parking (48 Months) $3120 Fixed Interest Depreciation (STRAIGHT LINE) $3300 Fixed $ Fixed CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION: TOTAL KMS TOTAL FIXED COSTS (TFC) $ TOTAL VARIABLE COSTS (TVC) $ TOTAL COSTS (TC) 40000KM AVG. FIXED COSTS/KM $ AVG. VARIABLE COSTS/KM AVG. TOTAL COSTS/KM $ CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION: TOTAL FIXED COSTS (TFC) TOTAL VARIABLE COSTS (TVC) TOTAL COSTS (TC) TOTAL KMS 40000KM AVG. FIXED COSTS/KM AVG. VARIABLE COSTS/KM AVG. TOTAL COSTS/KM $ Jeff and their friend Hanzel plan to drive the car to Banff for a trip. The one way trip from Edmonton to Banff is expected to be 414 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 Banff Cost of Gas Only Variable Cost Only Total Costs KM 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) Total Costs($) 0 25000 $59038 50000 $62366 75000 $67048 100000 $72102 125000 $77653 150000 $85303 Marginal Costs($) PER KM Price Per KM($) Instead of selling or getting rid thier car after 4 years, Jeff decide to start using their vehicle in a business. Jeff will be providing ride hailing service with their vehicle (UBER). See below for the graph of the total and average costs for the next 7 years. The total fixed costs are 54000 for this period. 3.6 3.2 2.8 2.4 2 1.6 1.2 0.8 0.4 M N O Q KM DRIVEN (000s KM) PLEASE COMPLETE TABLE BELOW ONLY USING ABOVE INFORMATION M = 47,000 KM N = 59,000 KM 0 = 71,000 KM 130 Q = 77,000 KM What is the TFC at O? What is the AFC at O (2 Decimals)? If AVC is 1.4 at O, what is the TVC? What is the OPERATIONAL LOSS Quantity (PUT LETTER)? What is the BREAKEVEN Quantity (PUT LETTER)? ATC at Q is: $2.88/KM TC at M is: $141000 Find the Marginal Cost between Q and M (Answer to 2 Decimals and always positive)?$ If Price of an UBER RIDE is $1.8/KM: What is the number of KMS Driven by Jeff? KM What is the total Revenue at this point? $ What is the total Cost at this point if AVC is $1.3 per KM? $ What is the Profit/Loss at this point? $