Because people dislike commuting to work, homes closer to employment centers tend to be more expensive. The price of a home in a given employment center is $60 per day. The housing price drops by $2.50 per mile for each mile farther from the employment center. The price of gasoline per mile of the commute […]
Energy usage in relation to carrying capacity for pipeline transportation mode is usually ______. Select one: A. high B. low Clear my choice Question 8 Not yet answered Marked out of 1.00 Flag question Question text Which of the following statements is false with regards to pipeline transportation? Select one: A. Transportation by pipeline is […]
Steve’s utility function is U = BC, where B = veggie burgers per week and C = packs of cigarettes per week. Here, MUB = C and MUC = B. What is his marginal rate of substitution if veggie burgers are on the vertical axis and cigarettes are on the horizontal axis? Steve’s income is […]
Ben swims 50,000 yards per week in his practices. Given this amount of training, he will swim the 100- yard butterfly in 52.6 seconds and place tenth in a big upcoming meet. Ben’s coach calculates that if Ben increases his practice to 60,000 yards per week, his time will decrease to 50.7 seconds, and he […]
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