Engineering Economy, Student Value Edition (17th Edition)
17th Edition
ISBN: 9780134838137
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 2, Problem 26P
To determine
The total cost of operating the ship and cost of perishable cargo.
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2. The cost of operating a jet-powered commercial (passenger-
carrying) airplane varies as the three-halves (3/2) power of its
velocity; specifically, Co kny3/2, where n is the trip length in
miles, k is a constant of proportionality, and vis velocity in miles
per hour. It is known that at 400 miles per hour, the average cost of
operation is $300 per mile. The company that owns the aircraft
wants to minimize the cost of operation, but that cost must be
balanced against the cost of the passengers' time (CC), which has
been set at $300,000 per hour. At what velocity should the trip be
planned to minimize the total cost, which is the sum of the cost of
operating the airplane and the cost of passengers' time?
A company produces and sells a consumer product and is able to control the demand by varying the selling price. The
approximate relationship between price and demand is
2700
5000
p = 38 +
(for D>1)
DΒ²
The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $ 40 per unit. What is
the number of units and total amount that should be produced and sold each month to maximize profit?
It is known that a certain company sells each kg of the product it manufactures at $80, it is also known that the total manufacturing cost "CT" is given by the function
CT=(1/1000)x2 +100 , where "x" are the kg of product produced.
a) How many units of "x" must the company sell to break even? Value = 100 points.b) How many units of "x" is the optimal quantity that should be sold to optimize the producer's profit? Value = 100 points.c) How many monetary units does that optimal profit for producers amount to? (remember, you will have to prove it mathematically either by the method of the first or by the method of the second derivative). Value = 100 points.
Chapter 2 Solutions
Engineering Economy, Student Value Edition (17th Edition)
Ch. 2 - An experimental composite engine block for an...Ch. 2 - Given below is a numbered list of cost terms. For...Ch. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Prob. 5PCh. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10P
Ch. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Prob. 14PCh. 2 - Prob. 15PCh. 2 - Prob. 16PCh. 2 - Prob. 17PCh. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - Prob. 21PCh. 2 - Prob. 22PCh. 2 - Prob. 23PCh. 2 - Prob. 24PCh. 2 - Prob. 25PCh. 2 - Prob. 26PCh. 2 - Suppose you are going on a long trip to your...Ch. 2 - Prob. 28PCh. 2 - Prob. 29PCh. 2 - A company uses a variable speed honing machine to...Ch. 2 - Prob. 31PCh. 2 - An automobile dealership offers to fill the four...Ch. 2 - Prob. 33PCh. 2 - Prob. 34PCh. 2 - Prob. 35PCh. 2 - Prob. 36PCh. 2 - Prob. 37PCh. 2 - Prob. 38PCh. 2 - Prob. 39PCh. 2 - Prob. 40PCh. 2 - Prob. 41PCh. 2 - Prob. 42PCh. 2 - Prob. 43PCh. 2 - Prob. 44PCh. 2 - A hot water leak in one of the faucets of your...Ch. 2 - Prob. 46PCh. 2 - Prob. 47PCh. 2 - Prob. 48SECh. 2 - Prob. 49SECh. 2 - Prob. 50CSCh. 2 - Prob. 51CSCh. 2 - What is the optimal number of units that should be...Ch. 2 - Prob. 53FECh. 2 - Prob. 54FECh. 2 - Prob. 55FECh. 2 - Prob. 56FECh. 2 - Prob. 57FECh. 2 - Prob. 58FE
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