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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.
We would like to estimate the need for physicians in a country. What approach would you follow to estimate the need? Briefly describe the method you are proposing (describe one method only) and discuss some potential limitations of the approach.
Suppose that in the loan described, the borrower made a larger payment, as indicated. Calculate (a) that time needed to pay off the loan, b) the total amount of the payments, and c) the amount of interest saved, compared with the original loan and pa..
What is data base method? What is judgmental method? What are some of the difficulties on forecasting? When are these methods qualitative and quantitative?
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from one another and can observe the prices posted
Write down an expression describing total income from tickets plus popcorn plus other concessions. Forecast total incomes for regular also special Tuesday-night pricing.
Suppose this year Angola borrows $100 million from foreign countries while it lends $15 million. Angola definitely is a net borrower. net lender.
You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. How much will thi..
Find the optimal consumption bundle. Suppose that the consumer experiences an increase in real wage. Find the new optimal consumption bundle and determine the income and substitution eects. Clearly indicate both eects on consumption and leisure chose..
Perform a statistical analysis of its short-run production costs to estimate its total variable cost function.
Compute demand of price elasticity of for natural gas sold to the US.
Elucidate five specific actions which can be expected to cause the equilibrium of ice cream to increase.
Elucidate before economic growth, there were too few goods, after growth, there is too little time.
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