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The economics department implemented a new grading policy, where the student's overall score is the minimum of the number of correct answers the student gets on two exams. The student's utility function is U(S, M)=S-[(1/2)A(M^2)], where S is the student's overall score for the course, M is the number of minutes spend studying, and A is a variable that reflects how much the student dislikes studying. For the first exam, each correct answer costs student 10 mins of study time. For the second midterm, each correct answer costs student 20 mins of study time. We know the student studied for 1200 mins. What is the value of A in this student's utility function?
Discuss the shape of the indifference curve for each of the following pairs of goods:
Linus sells hot dogs outside the Dakota Dome during tailgating. He needs exactly one hot dog and one bun to create a hot dog he can sell. Assume no condiments.
Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabili..
The government is considering a policy to reduce air pollution by restricting the use of "dirty" fuels by factories. In deciding whether to implement the policy, how, if at all, should the likely effects of the policy on real GDP be taken into acc..
An investment of $18,000 is expected to generate annual revenue of $8,000 throughout life of the investment. The risk is based the life of the investment. The estimate of probabilities for the duration of the investment is given in the table below.
Compare after-tax returns on all three forms of investment. Rank the investment options - what is the best option now? Please be sure to keep the initial decrease in consumption (after-tax income) constant - What if the rates are 15% now and 30% in r..
Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in ..
Embassy Motorcycles (EM) manufactures two lightweight motorcycles designed for easy handling and safety. The EZ-Rider model has a new engine and a low profile that make it easy to balance. The Lady-Sport model is slightly larger, uses a more tradi..
suppose the yield to maturity on a 2 year treasury note was 4 while the yield on a 1 year note was 5. assume that
Health care. This, of course, is a huge economic issue now with the attempted startup of Obama care. In your analysis here do not focus on the software issues. Those are technical problems and, granted, the system failed two weeks before releas..
suppose that jake considers two alternative investment plans of 1000 for one-year. investment a is a no-risk plan
Do online research into the U.S. Small Business Administration (SBA) government agency and their three different loan programs that are designed to cover a wide array of businesses and their particular needs.
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