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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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9 years ago
How can you calculate the cost per mile of owning a car?
A) Divide total costs per year of owning the car by the number of miles driven in a year.
B) Divide total costs per year of owning and operating the car by the number of miles driven in a year.
C) Divide total costs per year of operating the car by the number of miles driven in a year and add the result to the cost of owning the car.
D) You cannot do so in any defensible way because cars are owned per unit of time period, not per unit of distance.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Another one in the books, marking it solved.
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#3
9 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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