Question

A Toyota Camry costs $19,600 and has an average gas mileage of 27 mpg. A Toyota Prius costs $23,000 and has an average gas mileage of 50 mpg. Assume gas costs $4 per gallon. a. The total total cost equation for the Camry as a function of miles driven is O $19,600 + $4 miles $19,600 + $4 miles $23,000 + $4 miles $23,000 + Så miles b. The total total cost equation for the Prius as a function of miles driven is $19,600 + $ miles $19,600 + Så miles $23,000 + $a miles $23,000 + 5.4 miles c. For each car, the fixed cost is the , and the variable cost is the d. The cars present a tradeoff between the initial cost of the car and the cost of driving the car (miles per gallon). How many miles must the two cars be driven before they have the same total cost (TC Camry = TC Prius). Miles until cars have same total cost: miles

Answer 1

solution : Cast of Toyota Camry - $19,600 Average gas mileage = 27 mpg cost of Toyota Prius = $23,000 Average gas mileage = sompo Gras cost = $4 per gallon a) Total cost equation for Camry as function of miles driven is ; het the miles doiven = miles fixed cost = cost of Camry - $19,600 Variable cost - Gas cost x miles - $4x miles - Average gas mileage 27 Total cost equation for Camsy is given by Total cost: fixed cost + variable cost $19,600 + $4, miles 27 . Option 1: $19600 + $ 4 miles is correct 27

6 Totul cost stel cost equation for the Prius as a function of miles doivens with the miles driven - miles fixed cost = Cost of Prius $23,000 wintele Cost = Gas Cost x miles $4 x mies - Average gas mileage 50 :: Total cost equation for Prius is given by: Total cost = fixed cost + Veliable cost 2 $23,000 + $ 4 miles. :: Option 21 [$23,000 + testy miles c) for camry i foi Prus fixed cost - 1 $ 19,600 'fixed cost - 1$ 25,000 Variable cost = $.4 miles Vasciable couple the miles do Ceamay = TC prius $19,600 + $ 4 miles = $23,000 + & 4 miles Voueiable coste $4 Variable o 27 27 4 (milen - mies ) - 43400 23 miles 1350 $850 → miles = 49,891.30 miles