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Suppose that a certain car has the following average operating and ownership costs. 
Average Costs per Mile
Operating
Ownership
Total
$ 0.28
$ 0.72
$1.00
a. If you drive 30 comma 000 miles per year, what is total annual expense for this car?



Answer :

The total annual expense for the car based on the given operating and ownership costs for a certain number of miles is $30,000.

Explanation:

Total annual expense for the car:

  1. Operating cost per mile = $0.28
  2. Ownership cost per mile = $0.72
  3. Total cost per mile = $1.00
  4. Total miles driven per year = 30,000
  5. Total annual expense = Total cost per mile x Total miles driven per year = $1.00 x 30,000 = $30,000

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