Te fixed cost for a steam line per meter of pipe is 450x

Assignment Help Microeconomics
Reference no: EM13377698

The fixed cost for a steam line per meter of pipe is $450X + $50 per year. The cost for loss of heat from the pipe per meter is $4.8/X1/2 per year. Here, X represents the thickness of insulation in meters, and X is a continuous design variable. What is the optimum thickness of the insulation?
(HINT: Round up to 4 decimal points, e.g., 0.1234; skip unit)

Reference no: EM13377698

Questions Cloud

A manufacturing plant is planning to replace outdated : a manufacturing plant is planning to replace outdated equipment with more energy-efficient and environmental-friendly
A manufacturing company leases a machine for 31812 per year : a manufacturing company leases a machine for 31812 per year. each unit produced costs 36 in labor and 72 in materials.
According to the national bureau of economic research a : according to the national bureau of economic research a poor family is the one whose income falls below one-half of the
A producer of synthetic motor oil for automobiles and light : a producer of synthetic motor oil for automobiles and light trucks has made the following statement one quart of
Te fixed cost for a steam line per meter of pipe is 450x : the fixed cost for a steam line per meter of pipe is 450x 50 per year. the cost for loss of heat from the pipe per
The world price of zinc has increased to the point where : the world price of zinc has increased to the point where moth balled zinc mines in east tennessee have been reopened
A company produces an electronic timing switch that is used : a company produces an electronic timing switch that is used in consumer and commercial products. the fixed cost cf is
A night vision goggle manufacturer is evaluating a : a night vision goggle manufacturer is evaluating a make-versus-purchase situation for a component used in its
Suppose the equilibrium price in the market is 24 and the : suppose the equilibrium price in the market is 24 and the price elasticity of demand for the linear demand function at

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the optimal output, price and profit of the firm

Fill in the table for the perfectly competitive firm. Explain how you arrived at each number and what is the optimal output, price and profit of the firm?

  Examining output and price relationship

Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.

  What internet business model would be appropriate

Prepare functional specifications for the company's use of the Web and the Internet. Include links to and from other sites in your design.

  What is the marginal rate of transformation

What is the Marginal Rate of Transformation between sugar and tea?

  Whether monopoly can provide any benefit at all to economy

ist one industry that is an example of aperfectly competitve industry and one that is an example of amonopoly. Explain and discuss why these industries are examples of perfect competition and a monopoly using the characterstics of these industries..

  Question 1 the economic implications of externalities 5

question 1 the economic implications of externalities 5 marks to parts a and ba briefly explain what an externality is

  Analyze the risks involved in the foreign-exchange market

analyze the risks involved in the foreign-exchange market and create a list of best practices that almost any

  A price consumption curve and a demand curve

A price consumption curve and a demand curve an individual demand curve and a market demand curve

  Is sustainable long-run equilibrium always reached

If the equilibrium real wage remains constant, what happens to the nominal wage when the actual inflation rate exceeds the expected inflation rate?"In the steady state, the government benefits from inflation."

  How to design a specific customized compensation plan

The Principal-Agent Problem: You are hired as a management consultant to provide recommendations on how to stimulate productivity of the manufacturing firm that produces Printer Cartridges. Your 50% of the variable salary (consulting fee) is direc..

  Explain how can the wage patterns be explained

From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrank. At the same time, the average real wage of high school graduates fell.

  Low income housing or subsidized housing in urban

low income housing or subsidized housing in urban economics.the paper must be atleastten pages longmake sure that you

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd