How many hours should you schedule the worker

Assignment Help Business Economics
Reference no: EM131009600

Suppose that you can schedule a worker for up to 4 hours per day. The total benefit and total cost functions are B(H) = 300H - 20H^2 and C(H)= 500H + 60H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 300 - 40H and MC(H) = 500 + 120H. How many hours should you schedule the worker?

A. 1.25 hours B. 0.8 hours C. 4 hours D. 0 hours

Reference no: EM131009600

Questions Cloud

Advocate the prevention of delinquency in youth : There are many programs currently in use today that advocate the prevention of delinquency in youth. In a 1-2 page paper identify at least two such prevention programs and describe the strategy each uses to further the cause of preventing these crimi..
Calculate the equilibrium price and the equilibrium quantity : The following two equations express the relationship between price and quantity. Calculate the equilibrium price and the equilibrium quantity? Show your math. At what price is there a shortage of 5 units? Show your math.
Price elasticity of demand for corporate-owned jets : What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets? Since the movie, Avatar, 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies. Ple..
Produce in absence of pollution regulation : Profit associated with polluting for Friedman Inc are 40Q-2Q2 ,where Q=pollution emitted (in tons) and profit are measured in dollars. Marginal benefit of polluting, derived from this function are MB =40-4Q. how much pollution do you expect Freidman ..
How many hours should you schedule the worker : Suppose that you can schedule a worker for up to 4 hours per day. The total benefit and total cost functions are B(H) = 300H - 20H^2 and C(H)= 500H + 60H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 300 - 40H and M..
What is the present value of the annuity : A 15-year annuity pays $2,200 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the an..
Compute the nominal GPD and real GDP : Compute the nominal GPD and real GDP? Using the quantity of money equation, what happens to the money supply if velocity of money is constant but price level decreases by 3 % and the real GDP increases by 8%? What would the money supply (M) be if vel..
Calculate the equilibrium price and quantity of gold : Suppose an economy uses gold as commodity money. Consider the market for gold with the following Demand for Gold as Money: GD;M = 80 – 1/4*V Demand for Gold for Nonmonetary use: GD;NM = 15 – 1/4*V Supply of gold: GS = 35 + 1/2*V where V is the price ..
What is the remaining balance that must be paid off : An firm borrowed $169,000 to remodel their office. The load was to be paid back in equal monthly payments over 30 years at 4% interest, compounded monthly. After 16 years, the firm wants to pay off the loan. What is the remaining balance that must be..

Reviews

Write a Review

Business Economics Questions & Answers

  Significant differences in mortality

Median length of stay was 1.1 days shorter when a hospitalist cared for a Medicare patient. Median cost per case was $853 less (excluding physician fees). There were no significant differences in mortality, 30-day readmissions, or transfers.

  One way to reduce the degree of income inequality

When the actual Lorenz curve is as far away from the 45-degree line as possible, there is. One way to reduce the degree of income inequality is to. The Gini coefficients for countries A and B are 0.25 and 0.30, respectively. We can definitely conclud..

  Illustrate what does the efficient market hypothesis

illustrate what does the efficient market hypothesis say will happen to the price of the stock when the $4 loss is announced.

  Nancy live in a new housing development

Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire.

  How would that plan compare to one that requires

How would that plan compare to one that requires each firm to provide a $100,000 group program that would cover all employees in the firm, no matter what the number of employees was?

  Illustrate the deadweight loss of the private equilibrium

A firm producing batteries is letting the acid leak into a local river. Each ounce of acid in the river causes $50 of damage to a downstream oyster farm. Graph the market for batteries, with a demand curve of P= −Q + 200 and private supply curve of P..

  Qmacro-economics is perhaps most divisive area of economics

q.macro-economics is perhaps most divisive area of economics when functionalized to political decision making also

  How can you explain this apparent inconsistency

smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.

  What are the roots of inequality in the division

According to Jared Diamond, what are the “roots of inequality” in the division of the world into ‘haves’ and ‘have-nots? What role has “the roots of inequality” played in the division of the world into ‘haves’ and ‘have-nots’ within today’s globaliza..

  Calculate the first-order condition

The problem is to choose x to maximize f(x;a) = ax- 3x^2, where á is exogenous, subject to the constraint. Calculate the first-order condition for this problem. For this problem, which values of x are on the boundary, and which are in the interior?

  Illustrate what is the equilibrium price

Illustrate what is the equilibrium price. If supply at every price is reduced by five gallons, what will the new equilibrium price be.

  Elucidate the multiplier concept as it applies in this case

Elucidate the multiplier concept as it applies in this case. Explain what are the qualifications and limitations of the multiplier model.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd