A blower unit of 40,000 ft3/min is being considered for purchase. The consumer price index for this blower was 300 five years ago. This index is 400 today. The cost of 10,000 ft3/min blower unit - which was purchased five years ago - was $ 2,500 per unit. Find the cost of a blower unit of 40,000 ft3/min today. The Power sizing exponent of blowers is 0.59. Select the closet choice to your calculated answer. Group of answer choices $7,000 $7,500 $8,000 $8,500

Michael’s Lobster Food Truck has been operating for three years, but he’s yet to make a profit in the competitive food truck industry. Last year, he sold 2,500 items at an average price of $12. It costs him $9 to cover his ingredients for each item, and he also has fixed costs of $8,000 per year to cover for his truck, marketing, insurance, etc. What percentage increase in the number of units sold is required for Michael to break even?

A certain index for the cost of purchasing and installing utility boilers is keyed to 1988, where its baseline value was arbitrarily set at 100. Company XYZ installed a 50,000-lb/hour boiler for $525,000 in 2000 when the index had a value of 468. This same company must install another boiler of the same size in 2017. The index in 2017 is 542. What is the approximate cost of the new boiler?

Consider a power system with three generators. Each generator has a piecewise linear cost function defined by the following points. Generator 1 Generator 2 Generator 3 Production (MWh) 100 200 300 400 200 400 600 800 100 400 700 1000 Cost ($) 915 1760 2635 3540 1870 3530 5230 6970 1060 3460 6040 8800 The min/max production of each generator corresponds to the min/max production values in the table (i.e., Generator 1 produces at least 100 MWh and no more than 400 MWh). (a) Plot the inverse supply function for this system. (b) If the demand is completely inelastic and equal to 1600 MWh į. compute the electricity price. ii. calculate the gross consumer surplus, consumer surplus, the producers revenue, the producers profit, and the global welfare. iii. determine the production level, cost, revenue, and profit for each generator.