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Kristen Lu purchased a used automobile for $14,500 at the beginning of last year and incurred the following operating costs: Average fixed cost per mile

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Kristen Lu purchased a used automobile for $14,500 at the beginning of last year and incurred the following operating costs:

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Average fixed cost per mile Variable operating cost per mile Average cost per mile 0.00Variable operating costs Depreciation Automobile tax License costs Insurance costsDepreciation ($14,500 + 5 years) $ 2,900 Insurance $ 1, 500 Garage rent 800 Automobile tax and license 400 Variable operating cost 0. 13 per mile

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