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a company uses solid waste for fuel in theproduction of electricity. The cost Y in dollars per hour toproduce electricity is: Y=12 + 0.3X +0.27X2 ,where X is in megawatts.Revenue in dollars per hour from the sale ofelectricity is: 18X-0.2X2
a. Find the value of X that gives maximumprofit.b. Find therange over which profit is possible.
Austin Utilities is planning to install solar panels to provide some of the electricity for its groundwater desalting plant. The project would be done in two phases. The first phase will cost $4 million in year 1 and $5million in year 2.
There is a big gap in the earnings of married women and married men, even if individuals of both sex have the same level of education.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Suppose that the amount of saving that occurs at each level of national income falls by $20 but that the values of b and (1 - b) remain unchanged. Restate the saving and consumption equations inserting the new numerical values.
n internet-based grocery delivery service operates according to the production function Q = K0:5L where K is the number of trucks it uses, L is the number of workers it employs and Q is the number of deliveries. The wage is $6 per hour and the ren..
Solve the following linear programming model graphically. In addition, write the problem in standard form and do a constraint analysis for the optimal solution. Minimize 10x + 15y Subject to 5x + 2y ? 40 x + 2y 0
Making dresses is a labor-intensive process. Indeed, theproduction function of a dressmaking firm is well described by theequation Q = L - L2/800, where Q denotes the number of dresses per week and L is the number of labor hours per week.
Suppose that the Ofce can hire skilled labor h that can ll the forms without using computers. The output of the Ofce that hires h skilled labor, l unskilled labor and k computers is equal to y = l + 10 min (h; k) Solve the long-run cost minimizat..
Suppose that the marginal product of the last worker employed by the Delicious Ice Cream Company is 300 units of output per day and the daily wage that the firm must pay is $50, while the marginal product of the last ice cream machine
Making dresses is a labor-intensive process. Indeed, theproduction function of a dressmaking firm is well described by theequation Q = L - L2/800, where Q denotes the number ofdresses per week and L is the number of labor hours per week.
Suppose that the typical student consumer basket is made up of only three items: The typical student consumes 1000 meals each year, makes 12 housing payments each year, and pays for 40 credit-hours of tuition each year.
For the last 4 months, a contract generated a net $6000 per month. Julian sold the equipment yesterday for $3000 to a friend.For the net cash flows experienced, what could Julian have paid for the equipment 8 months ago to have payback plus a retur..
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