Suppose the Cost Per Ton $y$ , to Build an Oil Platform Of

question 450

Multiple Choice

Suppose the cost per ton, $y$ , to build an oil platform of $x$ thousand tons is approximated by $f ( x ) = \frac { 112,500 } { x + 225 }$ . What is the cost per ton for $x = 100 ?$

• A) $50,000.00
• B) $34,615.38
• C) $900.00
• D) $346.15

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Definitions:

Utility Function

A mathematical representation of a consumer's preference, showing the level of satisfaction or utility derived from different bundles of goods and services.

Indifference Curve

A curve that shows the different bundles of goods between which a consumer is indifferent, highlighting the trade-offs a consumer is willing to make.

Apples

A popular fruit with a sweet to tart taste, grown in temperate climates and consumed fresh, cooked, or as juice.

Bananas

A type of elongated, edible fruit with soft flesh and a yellow peel when ripe, primarily grown in tropical regions.