Cost Model With Joint Equation
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the cost of labor varies jointly as the number of workers and the number of days that they work. if it costs $1450 to have 16 people work for 7 days, how much will it cost to have 20 people work for 13 days?
a. $3367
b. $3380
c. $3385
d. $3388
e. $3395
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Solution Summary
This solution solves a problem of a cost model that has a joint dependency built into the mathematics of the model. It includes an explanation with steps shown as well as the answer.
Solution Preview
Since C(p,d) = p*d*k
where:
C(p,d) = total ...
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