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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. The truck owner wants to minimize the cost of operation, to do this he requires to balance the operating cost against the cost of delays and unscheduled maintenance, which is assumed to be $10.35 per hour. What is the optimal velocity in miles per hour required to minimize the total costs? (Provide answer with one decimal place precision).
assume that the marker for tradable emissions permits by power plants has been operating efficiently for several years.
A firm can choose the optimal usage of input to maximize the profit by employing the amount of input where
Assume the following data describe the gasoline market: Price per gallon $2.00 2.25 2.50 2.75 3.00 3.25 3.50 Quantity Demanded 32 30 29 28 22 21 20 Quantity Supplied 16 20 24 28 32 36 40 (a) What is the equilibrium price?
Describe the cutthroat competitors reasons for not increasing or decreasing his price, thereby accounting for the kink in his demand curve.
Shelly, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to staft a business she called Mrs. Acres Homemade Pies. The company produces specialty pies and sells them in local supermarkets and select family ..
Total cost and total variable cost are parallel, yet average total cost and average variable cost are not parallel. Demonstrate mathematically that ATC and AVC are not parallel.
what is econometrics and why is it relevant? to what kinds of problems might econometrics be applied to improve
jennifer trucking company operates a large rig transportation business in texas that transports locally grown
create a 1050- to 1400-word fictitious dialogue that takes place during a segment of lets talk money a fictitious tv
a. Demonstrate mathematically that ATC and AVC are not parallel. b. Show mathematically that when both ATC and AVC are falling, ATC falls faster than AVC, and when both are rising, AVC rises faster than ATC.
Review government policy concerning educational reform and determine the best possible way to proceed. Explain your rationale.
imagine you are the marketing manager responsible for developing marketing strategy for a bicycle company. propose the
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