Rats run on treadmills according to the function: E = 5+ 62R –R where E = volts of electricity R= number of rats Rats cost $10 each. Electricity can be sold on the grid for $5 per volt. It costs $500 to build a large cage for the rats. Show your work/thought process: a. What is the optimal amount of rats (R) to purchase? b. Given your answer in part a, what is the total amount of electricity (E) that will then be produced?
Rats run on treadmills according to the function: E = 5+ 62R –R where E = volts of electricity R= number of rats Rats cost $10 each. Electricity can be sold on the grid for $5 per volt. It costs $500 to build a large cage for the rats. Show your work/thought process: a. What is the optimal amount of rats (R) to purchase? b. Given your answer in part a, what is the total amount of electricity (E) that will then be produced?
Chapter2: Economics: Eight Powerful Ideas
Section: Chapter Questions
Problem 19P
Related questions
Question
![Rats run on treadmills according to the function:
E
5 + 62R –R
%3D
where
E = volts of electricity
R = number of rats
Rats cost $10 each. Electricity can be sold on the grid for $5 per
volt. It costs $500 to build a large cage for the rats.
Show your work/thought process:
a. What is the optimal amount of rats (R) to purchase?
b. Given your answer in part a, what is the total amount of
electricity (E) that will then be produced?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6f088a5e-cfef-400d-8a01-960086a6626c%2Fb8f2cc46-3699-4e6f-9c76-c23ad2d3e939%2Fpwgzwwp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rats run on treadmills according to the function:
E
5 + 62R –R
%3D
where
E = volts of electricity
R = number of rats
Rats cost $10 each. Electricity can be sold on the grid for $5 per
volt. It costs $500 to build a large cage for the rats.
Show your work/thought process:
a. What is the optimal amount of rats (R) to purchase?
b. Given your answer in part a, what is the total amount of
electricity (E) that will then be produced?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
![MACROECONOMICS FOR TODAY](https://www.bartleby.com/isbn_cover_images/9781337613057/9781337613057_smallCoverImage.gif)
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
![MACROECONOMICS FOR TODAY](https://www.bartleby.com/isbn_cover_images/9781337613057/9781337613057_smallCoverImage.gif)
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning