8. You are going to renovate your store. If you use fewer workers, then it costs...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
8. You are going to renovate your store. If you use fewer workers, then it costs less money to do the work, but you lose more revenue while the store is closed. Suppose that when you use a workers, it costs 2000 + 80x to do the work and you lose 2000 in revenue. Then the total cost of the 1 project is C'(x) = 2000 + 80x+2000x.How many workers should you use if you want to minimize the cost of the project? 8. You are going to renovate your store. If you use fewer workers, then it costs less money to do the work, but you lose more revenue while the store is closed. Suppose that when you use a workers, it costs 2000 + 80x to do the work and you lose 2000 in revenue. Then the total cost of the 1 project is C'(x) = 2000 + 80x+2000x.How many workers should you use if you want to minimize the cost of the project?
Expert Answer:
Answer rating: 100% (QA)
I will use 4 workers to minimize the cost of the project EXPLAINATION The total cost of ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Suppose you know nothing about widgets. You are going to approach a widget merchant to borrow one in order to short-sell it. (That is, you will take physical possession of the widget, sell it, and...
-
Suppose that you are going to design a training program for newly hired sales associates for a retail chain. Results from the needs assessment indicate that they will need training on company...
-
You know that in one year you are going to buy a house. The annual interest rate for fixed-rate 30-year mortgages is currently 6.00%, and the price of the type of house you are considering is...
-
An SAT prep course claims to increase student scores by more than 60 points, on average. To test this claim, 9 students who have previously taken the SAT are randomly chosen to take the prep course....
-
Suppose you are the controller of Nebraska State University. The university president, Lisa Larsson, is preparing for her annual fund-raising campaign for 20X720X8. To set an appropriate target, she...
-
Methane, CH4, is burned in an SSSF process with two different oxidizers: A. Pure oxygen, O2 and B a mixture of O2 x Ar The reactants are supplied at T0, P0 and the products in are at...
-
Unless otherwise specified, which rule will always be processed?
-
The approval rules for reimbursing those faculty members at Upstate University who attend professional conferences are somewhat complicated, and in the opinion of most, hardly generous. For example,...
-
Find the missing side lengths (in kilometers). (The sketches are not to scale.) 33 km 24 km 48 89 x 15 km 48% 89 22 km X = y = km E E km
-
Using dimensional equations, convert (a) 2 wk to microseconds. (b) 38.1 ft/s to kilometers/h. (c) 554 m 4 / (day kg) to ft 4 / (min lbm).
-
The Nissen Company has a taxation year end of December 31. On January 1 the opening UCC of Class 10 was $60,000. The Nissen Company has a policy of always deducting maximum CCA. Calculate the maximum...
-
Reflect on a recent, enjoyable guest experience OR on a disappointing guest experience: What were the significant events, the moments of truth, during each experience? How did they contribute to your...
-
For an agency, like the law society that creates law, interprets law and enforces law and adjudicates and punishes breaches of the law, how is it the law allows them to operate despite the fact they...
-
Evaluate the "Product and Market" fit and competitive advantages for Uber. why would UBER's "Product and Market" cause the issues?
-
Identify the statement that is NOT relevant information in a decision as it relates to retaining or relacing an old equipment Annual operating cost of the new equipment Annual operating cost of the...
-
Below are Infographics from the Congressional Budget Office showing Mandatory Spending and Discretionary Spending for FY2022. Examine the types of Mandatory and Discretionary Spending and their...
-
Eric wants to invest in government securities that promise to pay $1,000 at maturity. The opportunity cost (interest rate) of holding the security is 13.80%. Assuming that both investments have equal...
-
Match each of the key terms with the definition that best fits it. _______________ A record of the sequence of data entries and the date of those entries. Here are the key terms from the chapter. The...
-
Refer to the alcohol consumption data in Exercise 29. Students were also asked if they typically sit in the front, back, or middle of the classroom. Here are the responses to the question about...
-
In Original Source 2 on the companion website, Development and initial validation of the Hangover Symptoms Scale: Prevalence and correlates of hangover symptoms in college students, one of the...
-
In Case Study 6.1, a study was described that compared scores on a mock GRE exam for students who had learned and practiced meditation and students who had taken nutrition class (Mrazek et al.,...
-
What is an injunction?
-
What is the main effect of increased use of liability insurance?
-
What are the arguments in favour of imposing a wide liability on professionals?
Study smarter with the SolutionInn App