GMA will be visiting an automobile plant. It was decided by the plant management that they must paint the plant. Boysen paint costs Php 70 per gallon and covers 350 sq. ft. per gallon. The manufacturer claims that it will last 5 years and can be applied at a rate of 100 sq. ft. per hour. General paint costs Php 100 per gallon and covers 500 sq. ft. per gallon. It will last for 4 years and can be applied at a rate of 125 sq. ft. per hour. If the painter is Paid Php 15 per hour which paint should be used?
GMA will be visiting an automobile plant. It was decided by the plant management that they must paint the plant. Boysen paint costs Php 70 per gallon and covers 350 sq. ft. per gallon. The manufacturer claims that it will last 5 years and can be applied at a rate of 100 sq. ft. per hour. General paint costs Php 100 per gallon and covers 500 sq. ft. per gallon. It will last for 4 years and can be applied at a rate of 125 sq. ft. per hour. If the painter is Paid Php 15 per hour which paint should be used?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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