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QUANTITATIVE METHODS WITH ECONOMICS - Essay Example

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However, the cost of buying water would be a nightmare if we have to do it each and every day. Could we look for a more economical way of going about this? This is the question that has been crossing my mind…
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QUANTITATIVE METHODS WITH ECONOMICS

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Download file to see previous pages I have presented these figures in the table below:
From my calculations, I found out that with my 60 litre gas cylinder, I will be able to produce 50 bottles of soda water and that one bottle would cost $0.34. From this, I factored the cost of the machine (which is a fixed cost) and the cost of the 2 extra bottles in calculating the number of bottles one would buy before covering the cost of the soda stream; one would need to buy 122 bottles. This can be seen from the graph ...Download file to see next pagesRead More
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