1. Transportation costs per ton of product vary with distance. For trucks: TC, = 2+1.5d For rail: TC, = 4+d For barge: TC = 6+.75d where d is the distance in miles and TC is dollars per ton. Make a table that includes the costs for each method from d= 1, 2...5, and what is the most efficient mode of transportation at each distance.

1. Transportation costs per ton of product vary with distance. For trucks: TC, = 2+1.5d For rail: TC, = 4+d For barge: TC = 6+.75d where d is the distance in miles and TC is dollars per ton. Make a table that includes the costs for each method from d= 1, 2...5, and what is the most efficient mode of transportation at each distance.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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