Conduct a cost analysis of gas versus electric vehicle. Find the break-even point assuming gasoline is $3.00/gallon with an average of 22 miles per gallon that costs $25,000. Compared to an electric vehicle for $35,000 that holds 250 miles per charge for $8.00. After how many miles will you need to drive to make the total cost to operate of the two cars the same? For simplicity, you may assume that regular maintenance is the same for the two vehicles.

Conduct a cost analysis of gas versus electric vehicle. Find the break-even point assuming gasoline is $3.00/gallon with an average of 22 miles per gallon that costs $25,000. Compared to an electric vehicle for $35,000 that holds 250 miles per charge for $8.00. After how many miles will you need to drive to make the total cost to operate of the two cars the same? For simplicity, you may assume that regular maintenance is the same for the two vehicles.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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