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What is the variable cost per mile for Honda Civic, Toyota Prius and Tesla Model 3 respectively? Let's assume you are considering purchasing a new
What is the variable cost per mile for Honda Civic, Toyota Prius and Tesla Model 3 respectively?
Let's assume you are considering purchasing a new car after graduation. You collected the following information. You will use that information to answer the questions in the quiz Honda Civic Toyota Prius Tesla Model 3 $25,500 1.92 $2.00 $28,000 $19,000 2.7 $2.00 Price of the new car (basic configuration) Gallons per 100 miles Price per gallion of gas kW per 100 miles Price per kW (Texas), $ Variable cost per mile (need to calculate) 20 S0.11 Total cost to drive the car (please round variable cost per mile to three decimal points) Miles 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) Honda Civic Toyota Prius Tesla Model 3* 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; $30.200 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 determinedStep by Step Solution
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