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A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses. The table shows the student's estimate of the relation between time spent studying each course and the grade for each course.
Hours of Study Economics Statistics Finance0 50 42 561 62 54 682 71 64 763 79 72 824 85 80 875 88 84 906 90 87 937 92 89 95
1. How should the student allocate her time?
2. What is the maximum AVERAGE grade the student can earn if she studies 9 hours per week?
elizabeth M. suburbs makes $200 a week at her summer job and spends her entire weekly income on running shoes and designer jeans, because these are the only two items that provide utility to her.
a) If each security guard is paid $200 a week and the cost of a stolen radio is $25, how many security guards should the firm hire b) If the cost of a stolen radio is $25, what is the most the firm would be willing to pay to hire the first secuirty ..
An increase in the demand for green tea raises the price of apples from $16 a pound to $20 a pound. As a result, quantity supplied increases by 30 percent. Using the midpoint formula, calculate the value of the price elasticity of supply.
Patton Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred stock. Its before-tax cost of debt is 11% and its marginal tax rate is 40%. The current stock price is P0 = $33.00. The last dividend was..
Suppose that the economy starts at equilibrium and the mpc =0.8. What would be the effect of a 500 increase intaxes once all the rounds of the multiplier process are complete
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while costs are expected to increase from $20,000 in year 1 by $10,000 each year. If there is no salvage value at the end of 5 years, what is the annual equivalent worth of the project assuming a MARR of 12%
Sugar Spice, a cook factory, needs a new cookie cutter machine. They have narrowed their choices to three different types of machines, which are presented below A B C Cost $50,000 $22,000 $15,000 Annual Net Income $5,093 $2,077 $1,643.
consider a modified scenario where a potential worker invests in years of education. Each year of education costs a motivated worker $10,000 in terms of disutility and an unmotivated worker $20,000 in terms of disutility.
Calculate the elasticity of demand for burrito meals with respect to the price of burritos, the price of tacos, and per capita income.
Suppose that the current price of oil is $60 per barrel and the quantity sold is 90 million barrels per day. Assume that the supply and demand curves for oil are linear. The current estimates of the price elasticity of supply and demand in the U.S..
The regression coefficient indicates that the PE ratio of a firm that with a higher growth rate will, on average, be 0.948 points times lower than a firm with a lower growth rate. interpretation for the regression coefficient ofGrowth Rate
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