Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20 % discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $ 79 each, two dinners price for $ 29.99 each and one ride coupon book for $ 99 .

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Answer 1

Question

Chapter 8.5, Problem 48E

(a)

To determine

To calculate: Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20% discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $79 each, two dinners price for $29.99 each and one ride coupon book for $99.

(b)

To determine

To calculate: The estimate amount of discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

(c)

To determine

To calculate: The estimate total cost after discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

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Suppose a Cobb-Douglas Production function is given by the function: P(L, K) = 7L0.0 K0.4 Furthemore, the cost function for a facility is given by the function: C(L, K) = 100L +400K Suppose the monthly production goal of this facility is to produce 15,000 items. In this problem, we will assume L represents units of labor invested and K represents units of capital invested, and that you can invest in tenths of units for each of these. What allocation of labor and capital will minimize total production Costs? Units of Labor L = Units of Capital K = (Show your answer is exactly 1 decimal place) (Show your answer is exactly 1 decimal place) Also, what is the minimal cost to produce 15,000 units? (Use your rounded values for L and K from above to answer this question.) The minimal cost to produce 15,000 units is $ Hint: 1. Your constraint equation involves the Cobb Douglas Production function, not the Cost function. 2. When finding a relationship between L and K in your system of equations,…

Answer 2

Question

Chapter 8.5, Problem 48E

(a)

To determine

To calculate: Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20% discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $79 each, two dinners price for $29.99 each and one ride coupon book for $99.

(b)

To determine

To calculate: The estimate amount of discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

(c)

To determine

To calculate: The estimate total cost after discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

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Answer 3

Question

Chapter 8.5, Problem 48E

(a)

To determine

To calculate: Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20% discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $79 each, two dinners price for $29.99 each and one ride coupon book for $99.

(b)

To determine

To calculate: The estimate amount of discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

(c)

To determine

To calculate: The estimate total cost after discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

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Answer 4

Question

Chapter 8.5, Problem 48E

(a)

To determine

To calculate: Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20% discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $79 each, two dinners price for $29.99 each and one ride coupon book for $99.

(b)

To determine

To calculate: The estimate amount of discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

(c)

To determine

To calculate: The estimate total cost after discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

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Answer 5

Chapter 8.5, Problem 48E

(a)

To determine

To calculate: Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20% discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $79 each, two dinners price for $29.99 each and one ride coupon book for $99.

(b)

To determine

To calculate: The estimate amount of discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

(c)

To determine

To calculate: The estimate total cost after discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

Answer 6

Chapter 8.5, Problem 48E

(a)

To determine

To calculate: Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20% discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $79 each, two dinners price for $29.99 each and one ride coupon book for $99.

Answer 7

Chapter 8.5, Problem 48E

(a)

To determine

To calculate: Round the original cost of each item nearest ten and estimate cost of the total purchase before discount if Alvin has credit card 20% discount on tickets purchased for all the attractions and meals at the local amusement park and he buys two entrance passes for $79 each, two dinners price for $29.99 each and one ride coupon book for $99.

Answer 8

(b)

To determine

To calculate: The estimate amount of discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

Answer 9

(b)

To determine

To calculate: The estimate amount of discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

Answer 10

(c)

To determine

To calculate: The estimate total cost after discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

Answer 11

(c)

To determine

To calculate: The estimate total cost after discount on the total purchase if Alvin has credit card with 20% discount on tickets purchased online for all the attractions and meals at the local amusement park and he purchases two entrance passes for $79 each, two dinners price for $29.99 each and one unlimited ride coupon book for $99.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 8.1 - 12.97 rounded to the nearest tenth is 13.0....Ch. 8.1 - Explain why we write a zero before the decimal...Ch. 8.1 - Write a word name for each decimal. 5.32 Ch. 8.1 - Prob. 4E Ch. 8.1 - Write a word name for each decimal. 0.428 Ch. 8.1 - Prob. 6E Ch. 8.1 - Prob. 7E Ch. 8.1 - Prob. 8E Ch. 8.1 - Prob. 9E Ch. 8.1 - Prob. 10E

Solution Summary: The author calculates the cost of the total purchase before discount based on Alvin's credit card 20% discount on tickets purchased for all the attractions and meals at the amusement park.

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