416 Words2 Pages

Name .
Applied Learning Week 4
Answer the problems below and show or explain how you arrived at your final answer.
1. You are the financial manager of an oil refinery. Oil from different regions has different levels of quality. The higher the quality, the less total capability your refinery needs to use in the refining process. The lower the quality, the more total capability your refinery needs to use in the refining process. Your refinery processes 10,000 barrels at a time. The following formula is used to determine the cost in tens of thousands of dollars for refining 10,000 barrels at today’s market prices:[pic]. The variable “x” is for the percentage of capability used in the process. Enter the percentage as a whole number without the percentage sign when performing your calculation.
a. What will be the cost to refine 10,000 barrels of oil from Alaska’s Prudhoe Bay, which requires 80% of the refinery’s capability? (20% of grade)
2000/(150-1.5x)=
2000/150-1.5(80)=
2000/30
66.67
b. What will be the cost to refine 10,000 barrels of oil from West Texas Intermediate, which requires 75% of the refinery’s capability? (20% of grade)
2000/(150-1.5x)=
2000/150-1.5(75)=
2000/37.5=
53.33
c. For what value is the equation undefined? (20% of grade)
The equation is undefined at 100%, because 150-(1.5*100)=0 and you cannot divide by 0
2. An anthrax epidemic has broken out in the cattle ranching region of your state. You are the financial manager for several of the cattle ranches in the region. A veterinary clinic that you have contracted to immunize cattle at each ranch charges $1750 to set up the immunization station and $2.00 for each shot.
a. Write an expression that gives the total cost to immunize all of the cattle at each ranch.
(20% of grade)
1750+2s
S would be the shots.
b. The West Valley Ranch has 1,500 cattle.

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