An Excavator Is Preparing to Dig a Basement for a New

question 104

Short Answer

An excavator is preparing to dig a basement for a new house.Part of his contract reads that he must dispose of all the dirt he removes while digging the basement in an EPA approved landfill.He will dig a hole that is 40 feet wide by 50 feet long and 7.5 feet deep.He first uses his shovel and scoops up 1.00 kg of dirt, and then determines that the dirt has a volume of 600 cm³.The excavator knows that his dump truck can only carry 8,000 kg of dirt.How many dump-truck loads will it take to haul the dirt away?

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Definitions:

Two-part Tariff

A pricing strategy where the price of a product or service is composed of two parts: a fixed fee plus a variable charge based on usage or consumption.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Reservation Prices

The maximum price a consumer is willing to pay for a good or service, beyond which they will not purchase it.

Mixed Bundling

Selling two or more goods both as a package and individually.