Minimum value you must obtain from attending game

Assignment Help Business Economics
Reference no: EM133235797

You are considering going to a football game. However, the roads are cover in ice due to bad weather. Your ticket was a gift. You derive a value of z from attending the game, and a cost of D for driving on the icy roads. Your utility function is given by: ug(Z) + ui(D) = In(Z - 3) - In(2 - D). In your ultimate wisdom, you calculate that the cost of driving on the icy roads is 1 unit (So, D=1). What is the minimum value you must obtain from attending the game, so that you decide to go?

Reference no: EM133235797

Questions Cloud

What is the fallacy of Straw Man : Philosophy Essay Assignment - Topic - What is the fallacy of Straw Man? How is it different than simply disagreeing with someone else's point of view
Considering joining prestigious MSF Program : Bradley Jones, age 23, is considering joining the prestigious MSF Program at llT's Stuart School of Business in fall of 2023
How does Tonari no Totoro operate as a nostalgic narrative : Anthropology Assignment -1500-word essay - How does Tonari no Totoro operate as a nostalgic narrative and critical commentary on modernity in contemporary Japan
What is Orwell really about : English Assignment - Essay Topic - Summary On "Orwell 1984" - "From what you have read in the first half of "1984," What is Orwell's "1984" really about
Minimum value you must obtain from attending game : You are considering going to a football game. What is the minimum value you must obtain from attending the game, so that you decide to go?
Compared standard DD-AA model : Compared to the standard model, this modification leads to a steeper DD curve and a steeper AA curve.
Find the related topics : There are 2 questions needed to be answered based on the reading materials. Some of the material may be irrelevant to the topic so you can find related topics
Women time in home production has fallen : The number of births per woman has fallen, married women's labor force participation has risen, women's time in home production has fallen,
Disturbing-shocking-surprising or moving : Describe a moment or scene in the film that you found particularly disturbing, shocking, surprising, or moving.

Reviews

Write a Review

Business Economics Questions & Answers

  How agencies involved in the affordable care act

How agencies involved in the Affordable Care Act compete vertically and horizontally for funding, how do they ensure for ACA?

  Compounded quarterly or borrowing money from a bank

You have a choice of borrowing money from a finance company at 24 percent compounded quarterly or borrowing money from a bank at 26 percent compounded annually. Which alternative is the most attractive? If you can borrow funds from a bank at 26% comp..

  What is the break-even price for phone

A phone manufacturer recently introduced a new smartphone. The company invested $100 million in equipment for the new design mold (the mold is malleable and can be sold for $20.0 million to be used on another project) and $10 million in a new microch..

  Fiscal policy is in the news all the time

Fiscal policy is in the news all the time. When the President talks about spending tax money to address the needs of our country he is really talking about fiscal policy. Many states are behind in their payments to nursing homes like the one pictured..

  People in the army what information do you need

To determine the cost of using these people in the army what information do you need.

  Find the implied market demand curve

Find the implied market demand curve, assuming that it's linear and connects the two (P,Q) combinations above.

  With the rise of the video on demand market

With the rise of the Video on Demand market, which threat is likely to have the least impact on Netflix’s streaming service business?

  Describe five area of racial bias in criminal justice system

According to Ronald Weight and Carlos Angulo, describe the five areas of racial bias in the criminal justice system. Taken together, what effects do these biases have on people of color?

  Withdraws the money from her savings account

Sally Rand owns a ceiling fan company. She sells 1,000 ceiling fans at $50 each. Each fan costs her $20. She uses her own money to buy the fans; she withdraws the money from her savings account where it earns 5 percent interest. Before going into the..

  Contrast the production function for product and service

Compare and contrast the production function for a product and a service.  You should base your discussion on specific industry examples (i.e., automobiles or dishwashers or frozen pizzas are examples of products and tax preparation services or legal..

  Illustrates what each nation can produce

Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.

  Canada consumer price index assignment

Once there click on the following sequence of links to find the table that shows the CPI for the last five years that data are available.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd