Power-sizing exponent and cost index increased

Assignment Help Business Economics

Reference no: EM13996860

A 4,000 gallon storage tank was purchased for $240,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.73 and the cost index increased from 150 to 250 over the last 12 years. Express your answer in $ to the nearest $1,000.

Reference no: EM13996860

Questions Cloud

Suppose that a firm-faced with constant input prices : Suppose that a firm, faced with constant input prices, recently increased the quantity of each of inputs by 10 percent. As a result, its output increased from 100 units to 120 units. Indicate whether each of the following statements is true, false or..

The term consumer sovereignty refers : The term consumer sovereignty refers to...

Assuming a steady state of production : A tailor must make 8 of the same size suits for a client. The first suit took 13.1 hours to make and the last suit took 8.2 hours to make. What was the tailor's learning curve % of this run of suits assuming a steady state of production is never reac..

Furniture maker estimates his learning curve : A furniture maker has an order for 98 identical tables. If the furniture maker estimates his learning curve at 82% and can reach steady production of 7 hours per table on the 6th table, how long should it take to make all the tables? Express your ans..

Power-sizing exponent and cost index increased : A 4,000 gallon storage tank was purchased for $240,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.73 and the cost index increased from 150 to 250 over the last 12 years. Express your answe..

The circular flow of income model shows that : The circular flow of income model shows that

About half of the paid lobbyists : About half of the paid lobbyists in Washington are former government staff members or former members of Congress. Why would interest groups employ such people? Why might some reformers want to limit the ability of interest groups to employ them?

Which one is considered unemployed : Which one is considered unemployed?

Demand for good is measure of the relationship between : Demand for a good is a measure of the relationship between

User Account

All Pages