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Airida [17]
2 years ago
10

A company pays $20,000 for the rights to a well with 5 million gallons of water. If the company extracts 250,000 gallons of wate

r in the first year, what is the total depletion in year 1
Business
1 answer:
Julli [10]2 years ago
5 0

Answer: $1,000

Explanation:

The cost of the well is $20,000

The capacity of the well is 5 million gallons

The cost of one gallon is therefore:

= Cost of all gallons / Number of gallons

= 20,000 / 5,000,000

= $0.004

If 250,000 gallons were extracted in the first year, the depletion is:

= Number of gallons extracted * Cost per gallon

= 250,000 * 0.004

= $1,000

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The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces,
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Correct/Complete Question:

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Answer:

True

Explanation:

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I hope this helps.

5 0
2 years ago
What is a major function of the department of labor?
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SashulF [63]

Answer:

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