What is the estimated cost of a factory with 30,000 sq. ft. of workspace if it costs $0.71 million to produce a similar factory with 50,000 sq. ft. of workspace and the economies of scale exponent X in the cost ratio estimation equation is 0.75. The nearest answer is:

What is the estimated cost of a factory with 30,000 sq. ft. of workspace if it costs $0.71 million to produce a similar factory with 50,000 sq. ft. of workspace and the economies of scale exponent X in the cost ratio estimation equation is 0.75. The nearest answer is:

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Question

What is the estimated cost of a factory with
30,000 sq. ft. of workspace if it costs $0.71
million to
produce a similar factory with 50,000 sq. ft.
of workspace and the economies of scale
exponent X in the
cost ratio estimation equation is 0.75. The
nearest answer is:
a. $0.3M b. $0.4M c. $0.5M d. $0.6M e.
$0.7M

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