If a 5,000 gallon metal tank to hold hazardous materials cost $250,000. What would be the expected cost of constructing a 10,000 gallon tank for the same purpose given the power-sizing exponent of 0.5 Group of answer choices $375,000 $353,553 $477,561 .$500,000

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
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If a 5,000 gallon metal tank to hold hazardous materials cost $250,000. What would be the expected cost of constructing a 10,000 gallon tank for the same purpose given the power-sizing exponent of 0.5 Group of answer choices $375,000 $353,553 $477,561 .$500,000
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