Your dining room (11ʹ× 13ʹ) has a hardwood floor discolored by uneven fading from sunlight exposure, and your living room (12ʹ× 12ʹ) has wall-to-wall carpet ruined by your aging dog. you have obtained some cost figures (all per square foot) from a local flooring store for refinished and new hardwood floors. the cost to purchase and install red oak flooring is $3.55 (includes tax), and labor is $1.50. refinishing costs the same $1.50. for new or old floors the labor/material/tax cost to apply a new light stain is $1.00 and two coats of polyurethane cost another $1.00. the store’s sales manager estimates that you should include a 5% wastage factor on the wood purchase. assume you will be removing and disposing of the carpet yourself without cost. estimate the total cost for both rooms.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!