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Your car gets 24 miles per gallon (mpg) at 60 miles per hour (mph) and 20 mpg at 70 mph. At what speed should you make a 500-mile trip:
(a) If gas costs $3 per gallon and your time is worth $18/hr?
(b) If gas costs $4 per gallon and your time is worth $12/hr?
(c) If gas costs $5 per gallon and your time is worth $9/hr?
(d) , and $18 per hour. Do two tables: one at 60 mph and one at 70 mph.Build a spreadsheet (see Appendix A) to calculate the total trip cost for gas costs of $2, $3, $4, and $5 and values of time of $6, $9, $12, $15
Suppose that you want to maximize the value of the function f(x) = 8x^2 - x^4. Which value(s) of x satisfy the first-order condition for this maximization problem? Which value(s) of x are boundary points? Which value(s) of x solve the maximization pr..
The slope of the short-run aggregate supply curve can be explained by:
In a study of salary discrimination in a company, data are collected on the monthly salary and the characteristics of the employees. A regression model is specified with monthly salary Y as the dependent variable and gender as an independent variable..
Define the 3 types of price discrimination and explain why 1st degree discrimination is very difficult to practice. Provide 1 example where a form of 1st degree discrimination is practiced.
A decrease in government spending initially and primarily shifts which curve in what direction?
____ after WWII because Britain wanted to go the path towards more ____.
q.consider total cost and total revenue given in the table belowquantity 0 1 2 3 4 5 6 7total cost 8 9 10 11 13 19 27
What do the Laws, Divine, Moral, and Martial reveal about Colonial Virginia’s realities and priorities? What does the list of crimes and punishments reveal about early seventeenth century’s values and assumptions?
A society has two people: 1 and 2. Person 1's true demand (marginal benefit) for a public good is given by P= 60 - 2G and 2's true demand is given by P = 120 -G. the total cost of providing G is TC = G^2. Calculate the total (net) benefit to society ..
Credit Card issuer have culture that focus on growth by targeting financially strapped people. Assume that you are a member of congress, what would you do? Create legislation that does not allow credit-card issuers to raise interest rates for those w..
US national health expenditure was $7,026 per person in 2006 and $4,790 in 2000. The Consumer Price Index had a value of 201.6 in 2006 and a value of 172.2 in 2000. Adjusted for inflation, how much was spending in 2000? Why has the share of healthcar..
Olivier Blanchard has referred to a "natural rate of unemployment," a "structural rate of unemployment," a "natural level of output,".
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