Simple average of the outcomes - time constraint, Financial Management

1. Your welfare depends on how much time you travel T and how much time you play P and is the product of the two, i.e.,  W = T * P

(a) The total amount of time you have is 10 hours, i.e., T+P=10.

(b) If you spend 2 hours travelling and 8 hours playing, how much is your welfare?

(c) If you spend 8 hours travelling and 2 hour playing, how much is your welfare?

(d) Consider the simple average of the outcomes in (b) and (c). Is that possible given your time constraint? How high is your welfare in this case? What does it suggest about your feeling for averages versus extremes?

Posted Date: 4/1/2013 3:21:22 AM | Location : United States







Related Discussions:- Simple average of the outcomes - time constraint, Assignment Help, Ask Question on Simple average of the outcomes - time constraint, Get Answer, Expert's Help, Simple average of the outcomes - time constraint Discussions

Write discussion on Simple average of the outcomes - time constraint
Your posts are moderated
Related Questions
#how to calculate initial investment cash flows ..

At entity level - Inherent risk Integrity of management. Management's experience and knowledge Over reliance on key customers. Unusual pressures on management

complete the balance sheet and sales information using the following data: debt to assets ratio 50% current ratio 1.8x total assets turnover 1.5x day sales outstanding 36.5 days (c

The actual risk-free rate is 4%. Inflation is likely to be 3% this year and 4% during the next 2 years. We suppose that the maturity risk premium is zero. What is the yield on 2

Using the operation cycle and any other financial management knowlegde, discuss the applicability of such cycle to poultry business in uganda( consider broilers)

Savings and loan associations Historically savings along with loan associations (S&Ls) and thrift institutions have concentrated mostly on residential mortgages by acquiring fu

You must analyze how the company is financed through equity and debt financing. You will discuss the level of leverage and how it compares to similar companies in the Industry.

Assembling the Divestiture Team: Divestment of a business requires a team of functional experts under the direction of an experienced project manager. The first and foremost ac

How to finance the exit of the financiers The company would have to decide how to finance the exit of the financiers. Considerations comprise: (i)  Selling shares to the pub

A company has total debt of $1,200 and a debt-equity ratio of 0.5. What will be  the value of the total assets?