Cylindrical with minimum surface area

Assignment Help Business Economics
Reference no: EM131807913

An oil company is considering adding an additional grade of fuel at its service stations. To do this, an additional 3000-gallon tank must be buried at each station. Discussions with tank fabricators indicate that the least expensive tank would be cylindrical with minimum surface area. What size tank should be ordered? (Answer: 8-ft diameter by 8-ft length)

Reference no: EM131807913

Questions Cloud

Explaining the tukey hsd test : Given a recent out break of illness caused by F. co li bacteria, the mayor in a large city is concerned that some of his restaurant inspectors.
Increase its rubbish disposal facilities : A city needs to increase its rubbish disposal facilities. There is a choice of two rubbish disposal areas, as follows. Area A: A gravel pit with a capacity.
Compute income taxes payable for 2017 : Cumulative temporary difference at December 31, 2017, giving rise to future taxable amounts, $252,000.
Compute net operating assets : Compute net operating assets (NOA) for 2012 and 2011. Treat noncurrent investments as a nonoperating item
Cylindrical with minimum surface area : Discussions with tank fabricators indicate that the least expensive tank would be cylindrical with minimum surface area. What size tank should be ordered?
Remove and dispose of any old packages : The price the supplier will charge the stores depends on the size of the total weekly order for all the stores.
What was the beginning raw materials inventory balance : The end of month balance in raw materials inventory was $24,300. What was the beginning raw materials inventory balance
Compute the future value : Compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places.)
Analyze which model you believe will best help a firm : Analyze which model (I / O model or resource-based model) you believe will best help a firm in the industry you researched earn above-average returns.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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