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nadezda [96]
3 years ago
14

Consider the following costs of owning and operating a car. A ​$15,000 Fiat 500 Pop financed over 60 months at 10 percent intere

st means a monthly payment of ​$319. Insurance costs ​$140 a month regardless of how much you drive. The car gets 25 miles per gallon and uses​ regular-grade gasoline that costs ​$2.50 per gallon.​ Finally, suppose that wear and tear on the car costs about ​$0.15 a mile.
Required:
a. Which costs are fixed, and which are variable?
b. What is the marginal cost of a mile driven?
c. In deciding whether to drive from Atlanta to Las vegas (about 2,000 miles round-trip), which costs would you consider? Why?
Business
1 answer:
Pie3 years ago
3 0

Answer:

(a) Fixed cost = Monthly payment of buying car and insurance.

Variable cost = Regular - grade gasoline cost and depreciation.

(b) $0.25

(c)  Variable cost

Explanation:

According to the scenario, computation of the given data are as follow:-

a). Fixed cost are include monthly payment of buying car and insurance and variable cost include regular - grade gasoline cost and depreciation.

b). Marginal Cost of a Mile Driven = Cost Per Gallon ÷ Mile Per Gallon + Car Cost Per Mile

= $2.50 ÷ 25 + 0.15

= $0.25

c). Whether to drive from Atlanta to Las Vegas (about 2,000 miles round trip) we will considered variable cost because its change according to the traveled distance.  

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What statement about progressive taxes is true?
vekshin1
B is the answer <span>B- the rate remains the same , even if income increases or decreases
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4 0
3 years ago
According to a survey of American households: The probability that a household owns 2 cars, if annual income is over $25,000, is
vladimir1956 [14]

Answer: 0.48

Explanation:

P(A/B) = P(AnB)/P(B) where:

P(A/B) = The probability of event A occurring given that B has occurred.

P(AnB) = The probability of both events A and B occurring.

P(B) = the probability that event B occurs.

So let

P(A) = Probability that the residents of a household own 2 cars.

P(B) = Probability that the annual household income is greater than $25,000.

The question tells us that

P(A/B) = 0.8

Note that: P(A) = 0.7, P(B) = 0.6.

Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.

We would Rearrange our initial equation to make P(AnB) the subject formula becoming;

P(A/B) = P(AnB)/P(B)

P(B)*P(A/B) = P(AnB)

So, inserting our probabilities into this equation gives:

0.6*0.8 = 0.48

8 0
3 years ago
What is the correct answer Even when competitive firms are unable to calculate marginal revenue product directly,
Aleks04 [339]

Answer: The corrects answers are "C) the pressures of competition in the labor market" and A) will push wage rates toward the marginal revenue product of labor.".

Explanation: Because the correct and complete statement would be: Even when competitive companies cannot directly calculate the product of marginal income, the pressures of competition in the labor market will push wage rates towards the product of marginal income from labor.

Making it clear that the strong pressures that are the product of competition in the labor market pushed wage rates towards the product of marginal income.

8 0
3 years ago
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Eduardwww [97]

Answer:

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Just a principal would ratify; thus, Van Stavern was not directly imputed to information by the invoices and checks signed by Van Stavern's workers.

The court stated that the use of corporate checks was further proof that Van Stavern regarded the expenditures as business, not private. So Van Stavern could not be held personally liable.

Remember that on Sutton Steel that's not excessively harsh. Sutton understood it was working with a building company and did not seek to get the personal approval of the contract from Van Stavern.

<em>Lawfully, Sutton's agreement in this case is called an unaccepted offer which can be withdrawn at any time.</em>

<em></em>

6 0
3 years ago
Discuss Two social factors that may contribute to unemployment in South Africa amongst the youth?​
elena55 [62]

Some of the social factors that have led to unemployment in South Africa amongst the youth are:

  • High population growth.
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As a result of high population growth, the number of youth in South Africa  has increased to a point where getting jobs for all of them is quite difficult.

High poverty rates also mean that a lot of the youth are unable to afford a tertiary education which means that they are unable to get the qualifications needed for a job.

Find out more on factors leading to unemployment at brainly.com/question/305041.

6 0
2 years ago
Read 2 more answers
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