Mathematics, 05.11.2020 03:00, Natalierg05

Break-Even AnalysisA 2015 Toyota Camry costs $33,500 with a gasoline engine. A 2015 Toyota Avalon costs $36,775 with a hybrid engine. The Camry gets 31 miles per gallon of gasoline and the Avalon gets 39 miles per gallon of gasoline. Assume that the price of gasoline is $2.759.(Source:Toyota Motor Sales, U.S. A., Inc. and U. S. Energy Information Administration)(a)Show that the cost Cg (in dollars) of driving the Toyota Camry x miles is Cg=33,500+2.759x31and the cost Ch (in dollars) of driving the Toyota Avalon x miles isCh=36,775+2.759x39.(b)Find the break-even point. That is, find the mileage at which the hybrid-powered Toyota Avalon becomes more economical than the gasoline-powered Toyota Camry.

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Break-Even AnalysisA 2015 Toyota Camry costs $33,500 with a gasoline engine. A 2015 Toyota Avalon co...