The cost for a 200-horsepower (hp) pump, with controller, is $22,000. The cost estimate of a similar pump of 300 hp capacity, provided the exponentin the cost-capacity equation is 0.64, is closest to:a. $12,240b. $28,520c. $33,780d. $39,550

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Chapter9: Applications Of Cost Theory
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The cost for a 200-horsepower (hp) pump, with controller, is $22,000. The cost estimate of a similar pump of 300 hp capacity, provided the exponent
in the cost-capacity equation is 0.64, is closest to:
a. $12,240
b. $28,520
c. $33,780
d. $39,550

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