Chapter 9, Problem 2QTC

To determine

The potential costs and benefits of reusable rockets to producers.

Answer to Problem 2QTC

SpaceX should take duly precautions for launching reusable rockets all the systems and engine must be checked before launch.

Explanation of Solution

1. Reusing space rocket such as SpaceX can benefits the producer in substantially reducing the cost.
2. Reusing rockets could substantially lower these costs; theoretically, a rocket would only need to be refueled to launch multiple times again.
3. The vehicle also needed lots of inspections and repairs between missions. Additionally, its solid rocket boosters needed constant updates once they had been recovered from the ocean, and the external tank had to be built anew for each flight. All together, this helped to drive up the cost of each Shuttle mission to somewhere.
4. SpaceX needs to be certain that it’s returned rockets are capable of flying again.
5. The vehicle also needed lots of inspections and repairs between missions. Additionally, its solid rocket boosters needed constant updates once they had been recovered from the ocean, and the external tank had to be built anew for each flight
6. These all produce wear-and-tear on the vehicle's hardware — meaning the rocket might need repairs and updates before it can launch again.
7. Refurbishing a rocket engine is often expensive. And if those repairs take too long, SpaceX can’t launch its vehicles as frequently.

Economics Concept Introduction

Introduction: Economic value can be defined as the economic capacity to benefit the economic agent with goods and services. Economic value can be measured by the capacity to handle the outcomes, uses and benefits to individual with its economic goods and services. An Economical value of reusable rockets depends on its capacity and efficiency to reuse it and make effective for other usage.