There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $16,000 per mile to set up. Instructions: Enter your answers as a whole number. a. How much would it cost to fence a single property whose area is one square mile if that property also happens to be perfectly square, with sides that are each one mile long? 2$ b. How much would it cost to fence exactly four such properties, which together would contain four square miles of area? $ c. Now consider how much it would cost to fence in four square miles of ranch land if, instead, it comes as a single large square that is two miles long on each side. 2$ d. Which is more costly-fencing in the four, one-square-mile properties or the single four-square-mile property? O The single four-square-mile property O Four, one-square-mile properties

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter9: Surfaces And Solids
Section9.3: Cylinders And Cones
Problem 38E: If the length of the radius and the height of a right circular cylinder are both doubled to form a...
icon
Related questions
Question
100%

info in image

There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $16,000 per
mile to set up.
Instructions: Enter your answers as a whole number.
a. How much would it cost to fence a single property whose area is one square mile if that property also happens to be perfectly
square, with sides that are each one mile long?
2$
b. How much would it cost to fence exactly four such properties, which together would contain four square miles of area?
2$
c. Now consider how much it would cost to fence in four square miles of ranch land if, instead, it comes as a single large square that is
two miles long on each side.
2$
d. Which is more costly-fencing in the four, one-square-mile properties or the single four-square-mile property?
O The single four-square-mile property
O Four, one-square-mile properties
Transcribed Image Text:There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $16,000 per mile to set up. Instructions: Enter your answers as a whole number. a. How much would it cost to fence a single property whose area is one square mile if that property also happens to be perfectly square, with sides that are each one mile long? 2$ b. How much would it cost to fence exactly four such properties, which together would contain four square miles of area? 2$ c. Now consider how much it would cost to fence in four square miles of ranch land if, instead, it comes as a single large square that is two miles long on each side. 2$ d. Which is more costly-fencing in the four, one-square-mile properties or the single four-square-mile property? O The single four-square-mile property O Four, one-square-mile properties
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $21,000 per mile to set up.

 

Instructions: Enter your answers as a whole number.

 

a. How much would it cost to fence a single property whose area is one square mile if that property also happens to be perfectly square, with sides that are each one mile long?

 

     $ 

 

b. How much would it cost to fence exactly four such properties, which together would contain four square miles of area?

 

     $ 

 

c. Now consider how much it would cost to fence in four square miles of ranch land if, instead, it comes as a single large square that is two miles long on each side.

 

     $ 

 

d. Which is more costly—fencing in the four, one-square-mile properties or the single four-square-mile property?

 

    multiple choice

  • Four, one-square-mile properties
  • The single four-square-mile property
Solution
Bartleby Expert
SEE SOLUTION
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University