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Question: 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.
a. What is the optimum thickness of the insulation?
b. How do you know that your answer in Part (a) minimizes total cost per year?
c. What is the basic trade-off being made in this problem?
An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle. The $13,000 Dart can cruise at speeds up to 80 miles per hour, and it can travel 100 miles per gallon of fuel.
assume that the relationship between the growth of a fish population and the population size can be expressed as g 4p
The increase in transfer payments initiated by the War on Poverty during the latter half of the 1960s resulted in 1 a steady reduction in the poverty rate throughout the next two decades.
What is the maximum it would be reasonable for the owner of a building to pay for a new sprinkler system if it would save $715 per year in insurance premiums? Assume it would have a life of 20 yrs and a salvage value equal to 10% of its first cost.
The cost for operating a commercial truck is knv (1/2) where k is a constant of proportionality, v is velocity in miles per hour, and n is the trip length in miles. It is estimated that at 89 mph, the average cost of operation of $5.3 per mile.
What does this graph tell us the nature of economies of scale in the beer brewing industry b. What are the particular problems associated with the firm represented by the SATC curve shown in the graph Does it represent a firm that would be able to..
What is the break even unit sales volume company should have projected as part of its business plan before entering this market and should reconsider each time it considers leaving (exiting) this business altogether?
question 1. suppose ve rational roommates are deciding on a place to have coee together. there are four alternatives
consider the following information produced by a market research agency about a variety of soft drink your firm
A family decides to save for the college education of their kindegradener starting with her 6th birthday. They would ilike to have $40,000.00 at her 19th birthday.
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
A bumper crop of oranges in Florida last year drove down orange prices
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