Prof. Leontief's Classic Example The Acme shipping company measures production by the number m of truck-miles shipped each day. That is Q = m = truck-miles per day. (A truck-mile = 1 truck x 1 mile = 2 trucks x mile = etc.) Operating expenses are paid-out for: $w per hour for the wages of the drivers (1 driver per truck). $pper gallon for the fuel used by the trucks. Assume the following (hypothetical) formula describes the fuel consumed by the trucks (truck-mile fuel economy): . g = A +Bs where g is gallons of fuel (gasoline), sis truck speed in mph (fors > 0). Assume that Acme owns its trucks and keeps them in good operating order; it can use one, two, or more trucks depending on demands. How would you come up with a math expression for costs C(s; W, P, A, B) ? Prof. Leontief's Classic Example The Acme shipping company measures production by the number m of truck-miles shipped each day. That is Q = m = truck-miles per day. (A truck-mile = 1 truck x 1 mile = 2 trucks x mile = etc.) Operating expenses are paid-out for: $w per hour for the wages of the drivers (1 driver per truck). $pper gallon for the fuel used by the trucks. Assume the following (hypothetical) formula describes the fuel consumed by the trucks (truck-mile fuel economy): . g = A +Bs where g is gallons of fuel (gasoline), sis truck speed in mph (fors > 0). Assume that Acme owns its trucks and keeps them in good operating order; it can use one, two, or more trucks depending on demands. How would you come up with a math expression for costs C(s; W, P, A, B)