Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Decision Making 1: A farmer is deciding what crop to plant in this area for the next growing season. The local agricultural college has provided

Decision Making 1: A farmer is deciding what crop to plant in this area for the next growing season. The local agricultural college has provided the following data (in $100): Cost Income/acre Estimated Crop per acre at 100% Yield Yield (%) A $32 $42 85 B 43 78 66 C 18 23 92 Using a 250-acre plot as an example (subtract 10% for unusable areas of the eld), Which crop should be planted this year? <3 pts> What is the total prot for that crop? <15 pts> Reasoning/Work: Ethics 2: Big Car Company (BCC) had a problem with the gas tank installed on one of their smaller model cars. It could leak and cause the car to explode even during low speed accidents. They discovered the problem only after millions of cars were sold. Their engineers came up with a solution to recall and fix the problem at a cost of $15 per car. However, despite a growing number of deaths due to the problem, management insisted that the explosions were not the fault of their gas tank but that it was the fault of the drivers. They spent over a million dollars to make and promote a film showing how drivers could make a sharp turn to avoid accidents. Discuss at least two parts of the NSPE Code of Ethics BCC violated. One part of the NSPE Code: <4 pts> Reasoning/Work: Another part of the NSPE Code: <4 pts> Reasoning/Work: ` Current Costs: 3: If you rent a car with a full tank of gas, you can (1) return it with a full gas tank, (2) return it without lling it and pay $3.45/gallon, or (3) accept a xed price of $35 for gas. The local price is $2.25/gallon for gasoline, and you expect this car to get 25 miles per gallon. The car has an 18-gallon tank. What is the cost of each of the three options for the following miles you anticipate driving? (a) 200 miles? Reasoning/Work: Option 1: <4 pts> Option 2: <4 pts> Option 3: <4 pts> (b) 375 miles? Reasoning/Work: Option 1: <4 pts> Option 2: <4 pts> Option 3: <4 pts>

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring The Hospitality Industry

Authors: John R Walker

2nd Edition

013243766X, 9780132437660

More Books

Students also viewed these General Management questions

Question

5. Give examples of binary thinking.

Answered: 1 week ago