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In the diagram, S represents the position of a power relay station located on a straight coast, and E shows the location of a marine biology experimental station on an island. A cable is to be laid connecting the relay station with the experimental station.
If the cost of running the cable on land is $2.40/running foot and the cost of running the cable under water is $3.00/running foot, locate the point P that will result in a minimum cost (solve for x).
x = __________ ft
Consumer Surplus
The difference between the amount consumers are willing to pay for a good or service versus what they actually pay.
Tax Imposed
A financial charge or other levy placed upon an individual or a legal entity by a governmental organization.
Tax Revenue
The financial resources collected by the government from its citizens, businesses, and other entities through various taxes.
Tax Increase
A tax increase refers to a governmental decision to raise the amount of tax imposed on goods, services, or income.
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