The pieces of equipment required to place 160 cubic yards of concrete in 1 day by experienced workmen are two gasoline engine vibrators and one concrete pump. If the vibrators cost $76 per day and the concrete pump costs $580 per day, the variable cost of the equipment per cubic yard of concrete is closest to: (a) $0.95 (b) $3.63 (c) $4.10 (d ) $4.60
The pieces of equipment required to place 160 cubic yards of concrete in 1 day by experienced workmen are two gasoline engine vibrators and one concrete pump. If the vibrators cost $76 per day and the concrete pump costs $580 per day, the variable cost of the equipment per cubic yard of concrete is closest to: (a) $0.95 (b) $3.63 (c) $4.10 (d ) $4.60
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
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 1.1CE
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Question
The pieces of equipment required to place 160 cubic
yards of concrete in 1 day by experienced workmen
are two gasoline engine vibrators and one concrete
pump. If the vibrators cost $76 per day and the concrete
pump costs $580 per day, the variable cost of
the equipment per cubic yard of concrete is closest to:
(a) $0.95 (b) $3.63 (c) $4.10 (d ) $4.60
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