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Hansong Electric manufactured a nuclear centrifuge that produced 1500 liters per hour of solution for $40,000 five years ago when the cost index was 120. Today the cost index is 300 and Hansong wished to produce a new centrifuge that has a capacity of 4500 liters/hour. The power sizing cost index is 0.75. What is the cost in today’s dollars to manufacture the new centrifuge? The correct answer is $227,951 but i need to see all work on how to get this EXACT answer

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91234082

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