Question Details

(Solution) - Refer to question 44 in Chapter 3 and answer the

Brief item decscription

Solution download

Item details:

Refer to question 44 in Chapter 3, and answer the following questions:
a. Create a Spider Plot to summarize what happens to the optimal total profit as the total storage capacity increases from 300,000 cf to 400,000 cf in 10,000 cf increments.
b. Which of the storage capacity amounts considered in the previous question results in the highest profit (without having excessive storage capacity)?
c. How much should the company be willing to pay to increase its storage capacity to 350,000 cf?
d. Suppose the gas trading company has increased its storage capacity to 350,000 cf. Now assume a gas producer is in need of an extra 50,000 cf of storage capacity for the next 10 days and wants to buy this capacity from the gas trading firm. What is the least amount of money the gas trading company should demand to provide this capacity?


About this question:

This question was answered on: Jul 11, 2017

PRICE: $15 (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now