Assume the market price is $4. What is Slothco's profit-maximizing or loss-minimizing level of output? Explain.
1 answer:
You might be interested in
Answer:
No, the 270 cm rope Clint has is not enough to do the job.
Explanation:
The height of tree where rope has to be tied = 180 cm
The distance of the stake from the base of the tree = 200 cm
We can say that the arrangement makes a right angle triangle, with the right angle situated at the base of the tree. The figure is attached below. Consult it for better understanding.
Length of the rope can be found by using Pythagoras theorem.
(Length of rope)² = 180² + 200²
Length of rope = 269 cm
As it is stated the additional 30cm of rope is required for tying from both ends. Total length of rope required is:
Total length of rope = 269 + 30
Total length of rope = 299 cm
As length of rope required is 299cm, the 270 cm rope Clint has is not enough to do the job.
