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In her last-minute preparations for final exams, a student has set aside five hours to split between studying for two subjects, finance and economics. Her goal is to maximize the average grade received in the two courses. (Note that maximizing the average grade and maximizing the sum of the grades are equivalent goals.) According to her best guesses, grades vary with study as follows: Study hours Finance Grade Study hours Economics Grade 0 70 0 75 1 78 1 81 2 83 2 85 3 88 3 87 4 90 4 89 5 92 5 90 a. List the marginal values of additional hours worked for each subject. b. How much time should the student spend studying each subject? c. c. Suppose the student also is taking an accounting exam and estimates that each hour of studying will raise her grade by three points. She has allotted two hours for studying accounting (in addition to the five hours already mentioned). Is this an optimal decision? Explain. (Assume her objective is to maximize her average grade across the three courses.)
Describe the competencies needed by team members in order for the team to be successful and how they contribute to a team’s success.
How many workers will Douglas need to add in able to meet the 25% increase in demand - This new process will require that the ovens be loaded by hand, requiring additional manpower - Show the percent change in productivity for one month last year ver..
A manufacturing operation must periodically purchase bulk quantities of machine screws. The operation expects to consume 18,200 boxes of screws over the coming year.
Why is an agenda a useful starting point for a meeting? How might a standard formal agenda be adapted for the following meetings: co-workers meeting with a human resources representative to discuss benefits; an ongoing employee support group; a self-..
Select one of the following human resources functions: diversity management, workforce planning, , staffing, employee relations, labor relations, legal compliance, training, or performance management; and Discuss the relationship of that function to ..
Compare and contrast two of the scheduling techniques discussed in Unit V. Make sure to identify when each scheduling technique is appropriate to use.
If you were the independent ombudsman who represents the American Red Cross to Congress, what areas of concern would you like to see regulation/deregulation focus on to address ethical issues in business at systemic level?
What are the three basic types of cost estimating? Describe each type
The product design group of Iyengar Electric Supplies, Inc., has determined that is needs to design a new series of switches. It must decide on one of three design strategies. The chief of engineering design, Dr. W. L. Berry, has decided that the fol..
Discuss "nationalization versus bankruptcy" for large American icon firms such as General Motors, AIG and Citigroup.
You will receive $1,000 at the end of the next 10 years, assuming a 7% discount rate, what is the present value of the cash flows?
The general plan of major actions through which a firm intends to achieve is long-term objectives is called its. How valuable a low-cost leader's cost advantage is depends on
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