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Business, 01.11.2019 05:31 mlguerrero12

Consider the following costs of owning and operating a car. a $19 comma 500 fiat 500 pop financed over 60 months at 6 percent interest means a monthly payment of $377. insurance costs $140 a month regardless of how much you drive. the car gets 30 miles per gallon and uses regular-grade gasoline that costs $1.95 per gallon. finally, suppose that wear and tear on the car costs about $0.10 a mile. which costs are fixed, and which are variable? what is the marginal cost of a mile driven? in deciding whether to drive from atlanta to las vegas (about 2,000 miles round-trip), which costs would you consider? why?

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