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The cost for operating a commercial truck is kn, where k is a constant of proportionally, v is velocity in miles per hours and n is the trip length in miles. It is estimated that at 85 mph, the average cost of operation is $52 per mile. The truck owner wants to minimize the cost of operation, which requires balancing against the cost of delays and unscheduled maintenance, which is assumed to be $10 per hour. What is the optimum velocity required to minimize the total costs?
What should Ali Sloan do
A large electric utility company has proposed building an $820 million combined cycle, gas-powered plant to replace the electric generation capacity at one of its coal-fired facilities. Develop three other alternatives for replacing this electric gen..
Discuss in detail the ethical, negligence
Due to the housing bubble. Many houses are not selling for much less than their selling price just two to three years ago. There is evidence that homeowners with virtually identical houses tend to ask for more if they paid more for the house. What fa..
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall?
A customs broker assisting a foreign client
If the market has a very elastic demand curve and inelastic supply curve, how would the application of a subsidy is shared between consumers and producers? Use the tools of producer surplus and consumer surplus to answer this question. Is there a dea..
What would be the size of the U.S. labor force and how would a more generous unemployment insurance system affect the lull employment - explain why inflation usually increases during wartime.
A delivery service that misplaces, on average, three package per 1000 delivers is operating at six sigma level. What is the statement false?
A firm's current profits are $1,100,000. These profits are expected to grow indefinitely at a constant annual rate of 2 %. If the firm's opportunity cost of funds is 4.5 %, decide the value of the firm: The instant after it pays out current profits a..
Consider the pricing problem of Alcoa's cookware division. Suppose that the world last for only two periods, period 1 and period 2. A saucepan last two periods, so that a saucepan that is bought in period 1 can also be used in period 2. Consumers val..
On average college graduates earn significantly more income than those with less education and the disparity tends to widen into middle age. marginal external cost equals marginal private cost minus marginal social cost.
When a single seller is confronted in a market by many small buyers, monopsony power enables the buyers to obtain lower prices than those that would prevail in a competitive markets.
imagine you are part of a strategic planning group at walmart that is considering developing a new proposed product
1. What types of things do you need to consider if you want to change your default electives? What resources will you use to help you to make your decisions? 2. Are you satisfied with your default electives or do you think you should choose alterna..
Which arguments might each dismiss?
need help on writing essay and case studies. essay must be 75 words or more and case studies must be 150 or
background information about the case study why the forces of supply and demand did not result in efficient operations
i would like to know more about dead-weight loss and externalities what is their relationship and the causes and
Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion. 1. If these economists ignore the possibility of crowding out, what would they estimate the marginal p..
you are the administrator for a medical practice. assume all of your practices patients are covered by insurance.
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
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