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Business, 22.10.2020 16:01 dani6651

Using the same information we used to solve the original Cost of Asphalt problem, answer the questions below with the following new information: It has been estimated that the cost of expanding the Hamilton Avenue Plant beyond its current 100,000 ton capacity would cost $8 per ton of expansion. That is, if the City decided to expand the capacity of the plant by 10,000 tons to 110,000, it would incur a cost of $80,000. (Assume that is an amortized cost estimate and that cost could be added directly to the total cost function.) 1. How much would it be willing to invest (how much capacity would it add) in that expansion

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