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Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for Hours and spend A dollars advertising, your benefit (the amount you receive when you sell your car) is B(H,A)=220H-H^2+2A. Both H and A are finely divisible. What is your marginal benefit of repair hours when H=4 and A=100?
Suppose that in Problem above, repair work costs $100 per hour and you have $1500 to allocate between repair work and advertising. Write down the Conostrained optimization Problem you face. What is your best choice of repair hourtising? Interpret the condition that characterizes your best choice in terms of marginal benefits and marginal (opportunity) costs of repair work.
Twenty-eight percent of all liquid crystal displays (LCDs) are manufactured by Samsung. What is the probability that in a collection of three independent LCD purchases, at least one is a Samsung?
Illustrate the purpose of this optional homework is to learn how specialization and trade benefit all trading parties.
q.consider a market with a demand function q 20 - p currently there are ten firms operating. each firm has the
In 1980, per capita GDP of Rwanda was about $728 and in 2010 about $1,025. Calculate the average per capita GDP growth rate of Rwanda from 1980 to 2010.
The Midterm Exam is open book, open notes. The maximum time that you can spend in the exam is three hours. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the exam environment
a. if gdp 500 consumption c 350 transfers minus taxes tr - ta 20 investment i 150 and the budget deficit bd 120
The equations representing demand as well as, inverse demand as well as, supply as well as inverse supply are as follows.
The publisher of a new book figures fixed cost at $92,000 and variable cost at $2.10 for each book produced. If the book is sold to distributors for $15 each, how many must be sold for the publisher to break even?
This grazing land was for whole town and families could allow their flock of sheep to graze free of charge. Why is it that grazing land was not protected by individual families.
Different market structures are prevailing in ourdifferent sectors like agriculture, power supply, transport industry, cement industry,restaurants, etc. Analyze and compare the characteristics of all marketstructure with respect to the given secto..
Illustrate what is the economy's MPC? It's MPS. Illustrate what was the APC before the increase in disposable income.
Suppose that the real interest rate increase to r = 0.11. Elucidate real output have to be for equilibrium price level to remain at its initial value.
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