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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?
Describe why a Keynesian approach to managing the macro economy might be appropriate while, at another point in time, a classical approach might be more likely to produce a superior outcome.
What are the contributions of these transactions to GDP in the years 2013 and 2014?
Farmer Bean is selling green beans in a purely competitive market. His output is $1,400 units, of which each has a marginal revenue of $2.50. What is his average revenue?
Provide alternative perspectives from experts on technology
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
suppose in the market for apartments in seattle the equilibrium price is 1000 a month and the equilibrium quantity is
the cost of producing 600 small fiberglass sailboats per year and the cost of producing sails and fittings necessary to
The marginal cost of making a wedding cake is $200. In order to maximize profits, Laura should make more than 20 wedding cakes per month. make fewer than 20 wedding cakes per month.
the palms dry cleaning shop in fort lauderdale florida faces a highly seasonal demand for its services as the
Which of the following will not produce an outward shift of the production possibilities curve. reduction in unemployment rate.
consider an economy in which the consumption function takes the following simple algebraic form c 3000.75di and in
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