Question 3 A Toyota Camry costs $19,600 and has an average gas mileage of 30 mpg while Prius costs $23,000 and has an average gas mileage of 50 mpg. Assuming gas costs $2 per gallon, 3.1. Write down the TC as a function of miles traveled (one for Camry, one for Prius) 3.2. How many miles do you have to drive before the two cars have the same total costs? (hint: FC, variable cost, Q miles traveled, mpg means miles per gallon)
Question 3 A Toyota Camry costs $19,600 and has an average gas mileage of 30 mpg while Prius costs $23,000 and has an average gas mileage of 50 mpg. Assuming gas costs $2 per gallon, 3.1. Write down the TC as a function of miles traveled (one for Camry, one for Prius) 3.2. How many miles do you have to drive before the two cars have the same total costs? (hint: FC, variable cost, Q miles traveled, mpg means miles per gallon)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Question 3
A Toyota Camry costs $19,600 and has an average gas mileage of 30 mpg while Prius costs $23,000 and has an
average gas mileage of 50 mpg. Assuming gas costs $2 per gallon,
3.1. Write down the TC as a function of miles traveled (one for Camry, one for Prius)
3.2. How many miles do you have to drive before the two cars have the same total costs?
(hint: FC, variable cost, Q- miles traveled, mpg means miles per gallon)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39f8244f-65b7-427b-b720-d8da19187885%2F06cbc6a3-e0bd-4e4d-aef1-b6b56b0098ab%2F63vphgv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 3
A Toyota Camry costs $19,600 and has an average gas mileage of 30 mpg while Prius costs $23,000 and has an
average gas mileage of 50 mpg. Assuming gas costs $2 per gallon,
3.1. Write down the TC as a function of miles traveled (one for Camry, one for Prius)
3.2. How many miles do you have to drive before the two cars have the same total costs?
(hint: FC, variable cost, Q- miles traveled, mpg means miles per gallon)
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