Which among the materials will result in the most economical product and at the same time give the best results? Stockholders will be visiting a resins plant. It was decided by the management that they must paint the plant. Boysen paint cost P700 per gallon and covers 350 ft² per gallon. The manufacturer claims that it will last 4 years and can be applied at a rate of 100 ft² per hour.Dutchmaster paint costs P1000 per gallon and covers 500 ft² per gallon. It will last for 5 years and can be applied at a rate of 125 ft² per hour. If the painter is paid P40 per hour, which paint should be used?
Which among the materials will result in the most economical product and at the same time give the best results? Stockholders will be visiting a resins plant. It was decided by the management that they must paint the plant. Boysen paint cost P700 per gallon and covers 350 ft² per gallon. The manufacturer claims that it will last 4 years and can be applied at a rate of 100 ft² per hour.Dutchmaster paint costs P1000 per gallon and covers 500 ft² per gallon. It will last for 5 years and can be applied at a rate of 125 ft² per hour. If the painter is paid P40 per hour, which paint should be used?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which among the materials will result in the most economical product and at the same time give the best results? Stockholders will be visiting a resins plant. It was decided by the management that they must paint the plant. Boysen paint cost P700 per gallon and covers 350 ft² per gallon. The manufacturer claims that it will last 4 years and can be applied at a rate of 100 ft² per hour.Dutchmaster paint costs P1000 per gallon and covers 500 ft² per gallon. It will last for 5 years and can be applied at a rate of 125 ft² per hour. If the painter is paid P40 per hour, which paint should be used?
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