total actual driving cost of driving
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Create a mathematical model for determining the total actual driving cost of driving from Atlanta to New York City.
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Solution Summary
The total actual driving cost of driving is expressed.
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First, let us show an overview of the total costs associated with this drive:
cost = cost of fuel + depreciation of car + tolls + car repairs and maintenance + human needs
Now let us break down each component. NOTE, any aspect that you need to have regardless of this trip is not included in the formula such as insurance, license, registration... We do not include it since you have to have these elements and they are not specific to this drive. It can be seen as an overhead cost that needs ...
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